14,512 Shares in Hercules Capital, Inc. (NYSE:HTGC) Acquired by Accel Wealth Management

Accel Wealth Management purchased a new position in shares of Hercules Capital, Inc. (NYSE:HTGCFree Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 14,512 shares of the financial services provider’s stock, valued at approximately $268,000.

Several other large investors have also recently made changes to their positions in the company. Abundance Wealth Counselors increased its position in shares of Hercules Capital by 7.9% during the first quarter. Abundance Wealth Counselors now owns 50,978 shares of the financial services provider’s stock worth $941,000 after purchasing an additional 3,750 shares in the last quarter. Monument Capital Management purchased a new stake in shares of Hercules Capital during the first quarter worth approximately $351,000. Naviter Wealth LLC purchased a new stake in shares of Hercules Capital during the first quarter worth approximately $1,701,000. Hexagon Capital Partners LLC increased its position in shares of Hercules Capital by 28.9% during the first quarter. Hexagon Capital Partners LLC now owns 3,599 shares of the financial services provider’s stock worth $66,000 after purchasing an additional 806 shares in the last quarter. Finally, Mirador Capital Partners LP grew its holdings in Hercules Capital by 8.7% in the 1st quarter. Mirador Capital Partners LP now owns 36,155 shares of the financial services provider’s stock valued at $667,000 after buying an additional 2,885 shares in the last quarter. 19.69% of the stock is currently owned by hedge funds and other institutional investors.

Hercules Capital Stock Performance

Shares of Hercules Capital stock opened at $21.18 on Friday. Hercules Capital, Inc. has a 52 week low of $14.62 and a 52 week high of $21.19. The business’s fifty day simple moving average is $19.71 and its 200-day simple moving average is $18.43. The firm has a market cap of $3.43 billion, a PE ratio of 9.63 and a beta of 1.39. The company has a quick ratio of 2.47, a current ratio of 2.47 and a debt-to-equity ratio of 0.93.

Hercules Capital (NYSE:HTGCGet Free Report) last announced its quarterly earnings results on Thursday, May 2nd. The financial services provider reported $0.50 EPS for the quarter, beating the consensus estimate of $0.48 by $0.02. Hercules Capital had a return on equity of 18.35% and a net margin of 69.98%. The business had revenue of $121.55 million for the quarter, compared to analyst estimates of $121.86 million. During the same quarter in the prior year, the company posted $0.47 EPS. The company’s quarterly revenue was up 15.7% on a year-over-year basis. Equities analysts forecast that Hercules Capital, Inc. will post 2.06 earnings per share for the current year.

Hercules Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 21st. Investors of record on Tuesday, May 14th were issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 9.07%. The ex-dividend date of this dividend was Monday, May 13th. Hercules Capital’s dividend payout ratio is presently 72.73%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. JMP Securities upped their target price on Hercules Capital from $19.00 to $20.00 and gave the company a “market outperform” rating in a report on Friday, May 3rd. Piper Sandler upped their target price on Hercules Capital from $21.00 to $21.50 and gave the company an “overweight” rating in a report on Friday, May 3rd. Keefe, Bruyette & Woods upped their target price on Hercules Capital from $18.00 to $19.00 and gave the company a “market perform” rating in a report on Friday, May 3rd. Finally, Wells Fargo & Company upped their target price on Hercules Capital from $19.50 to $20.00 and gave the company an “overweight” rating in a report on Friday, May 3rd. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Hercules Capital presently has a consensus rating of “Hold” and a consensus price target of $18.56.

Check Out Our Latest Analysis on HTGC

Insider Buying and Selling at Hercules Capital

In other news, Director Robert P. Badavas sold 13,300 shares of Hercules Capital stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $19.69, for a total value of $261,877.00. Following the sale, the director now owns 4,234 shares of the company’s stock, valued at $83,367.46. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director Robert P. Badavas sold 1,700 shares of Hercules Capital stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $19.60, for a total value of $33,320.00. Following the sale, the director now directly owns 4,234 shares in the company, valued at $82,986.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Robert P. Badavas sold 13,300 shares of Hercules Capital stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $19.69, for a total value of $261,877.00. Following the completion of the sale, the director now owns 4,234 shares in the company, valued at $83,367.46. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by corporate insiders.

Hercules Capital Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Hercules Capital (NYSE:HTGC)

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