Scott Bluestein Sells 100,000 Shares of Hercules Capital, Inc. (NYSE:HTGC) Stock

Hercules Capital, Inc. (NYSE:HTGCGet Rating) CEO Scott Bluestein sold 100,000 shares of the firm’s stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $14.16, for a total value of $1,416,000.00. Following the sale, the chief executive officer now owns 946,621 shares in the company, valued at approximately $13,404,153.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Hercules Capital Stock Performance

Shares of HTGC stock opened at $14.35 on Thursday. Hercules Capital, Inc. has a 52-week low of $11.16 and a 52-week high of $19.09. The company has a debt-to-equity ratio of 1.12, a quick ratio of 2.64 and a current ratio of 2.64. The firm has a market capitalization of $1.87 billion, a PE ratio of 44.85 and a beta of 1.46. The stock has a fifty day simple moving average of $13.41 and a two-hundred day simple moving average of $14.03.

Hercules Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 17th. Stockholders of record on Thursday, November 10th were given a dividend of $0.36 per share. This is a positive change from Hercules Capital’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Wednesday, November 9th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 10.03%. Hercules Capital’s dividend payout ratio (DPR) is presently 450.01%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on HTGC. Piper Sandler lowered their price target on Hercules Capital from $16.00 to $13.00 and set a “neutral” rating on the stock in a research report on Monday, October 3rd. Royal Bank of Canada reduced their price objective on Hercules Capital from $17.00 to $16.00 and set an “outperform” rating on the stock in a research note on Thursday, November 3rd. Wells Fargo & Company reduced their price objective on Hercules Capital from $15.50 to $14.50 and set an “overweight” rating on the stock in a research note on Monday, October 24th. JMP Securities reduced their price target on Hercules Capital from $19.00 to $18.00 and set a “market outperform” rating on the stock in a report on Monday, August 1st. Finally, StockNews.com raised Hercules Capital from a “sell” rating to a “hold” rating in a research report on Monday, November 7th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $15.64.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in HTGC. BDO Wealth Advisors LLC lifted its stake in Hercules Capital by 76.4% in the second quarter. BDO Wealth Advisors LLC now owns 2,217 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 960 shares during the last quarter. Salem Investment Counselors Inc. lifted its stake in Hercules Capital by 2,200.0% in the 3rd quarter. Salem Investment Counselors Inc. now owns 2,300 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 2,200 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in Hercules Capital by 206.4% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 2,488 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 1,676 shares in the last quarter. Prospera Financial Services Inc bought a new stake in Hercules Capital in the 1st quarter valued at approximately $59,000. Finally, BNP Paribas Arbitrage SNC increased its position in shares of Hercules Capital by 1,105.2% during the 3rd quarter. BNP Paribas Arbitrage SNC now owns 3,688 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 3,382 shares during the last quarter. Institutional investors own 23.79% of the company’s stock.

About Hercules Capital

(Get Rating)

Hercules Capital, Inc is a business development company. The firm specializing in providing venture debt, debt, senior secured loans, and growth capital to privately held venture capital-backed companies at all stages of development from startups, to expansion stage including select publicly listed companies and select special opportunity lower middle market companies that require additional capital to fund acquisitions, recapitalizations and refinancing and established-stage companies.

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