Creative Planning Buys 6,049 Shares of Hercules Capital, Inc. (NYSE:HTGC)

Creative Planning raised its stake in Hercules Capital, Inc. (NYSE:HTGC) by 18.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,043 shares of the financial services provider’s stock after purchasing an additional 6,049 shares during the period. Creative Planning’s holdings in Hercules Capital were worth $747,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Kathleen S. Wright Associates Inc. bought a new stake in Hercules Capital in the 3rd quarter valued at $31,000. Armstrong Advisory Group Inc. boosted its holdings in Hercules Capital by 198.9% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 5,380 shares of the financial services provider’s stock valued at $106,000 after purchasing an additional 3,580 shares during the period. Sound Income Strategies LLC boosted its holdings in Hercules Capital by 1.8% in the 3rd quarter. Sound Income Strategies LLC now owns 2,737,345 shares of the financial services provider’s stock valued at $53,761,000 after purchasing an additional 47,672 shares during the period. Inspire Investing LLC boosted its holdings in Hercules Capital by 19.4% in the 3rd quarter. Inspire Investing LLC now owns 23,203 shares of the financial services provider’s stock valued at $456,000 after purchasing an additional 3,763 shares during the period. Finally, Beaumont Financial Advisors LLC bought a new stake in Hercules Capital in the 3rd quarter valued at $224,000. 19.69% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Nikos Theodosopoulos acquired 1,608 shares of the firm’s stock in a transaction on Tuesday, August 6th. The stock was acquired at an average price of $18.03 per share, for a total transaction of $28,992.24. Following the completion of the acquisition, the director now owns 5,613 shares in the company, valued at $101,202.39. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Nikos Theodosopoulos purchased 1,608 shares of Hercules Capital stock in a transaction dated Tuesday, August 6th. The stock was purchased at an average cost of $18.03 per share, for a total transaction of $28,992.24. Following the completion of the acquisition, the director now directly owns 5,613 shares of the company’s stock, valued at $101,202.39. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Scott Bluestein sold 100,000 shares of the firm’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $19.59, for a total value of $1,959,000.00. Following the transaction, the chief executive officer now owns 2,161,207 shares of the company’s stock, valued at $42,338,045.13. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by insiders.

Hercules Capital Trading Down 2.7 %

Shares of HTGC opened at $19.23 on Monday. The business’s 50-day moving average price is $19.53 and its 200-day moving average price is $19.65. Hercules Capital, Inc. has a twelve month low of $15.14 and a twelve month high of $21.78. The stock has a market cap of $3.12 billion, a PE ratio of 9.52 and a beta of 1.39. The company has a quick ratio of 1.42, a current ratio of 1.61 and a debt-to-equity ratio of 0.94.

Hercules Capital (NYSE:HTGC) last released its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.51 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.51. The firm had revenue of $125.25 million during the quarter, compared to analyst estimates of $125.80 million. Hercules Capital had a return on equity of 17.88% and a net margin of 65.07%. During the same quarter in the prior year, the firm posted $0.52 earnings per share. On average, equities analysts forecast that Hercules Capital, Inc. will post 2.03 EPS for the current fiscal year.

Hercules Capital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Wednesday, November 13th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 9.98%. The ex-dividend date of this dividend is Wednesday, November 13th. Hercules Capital’s payout ratio is 79.21%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on HTGC shares. Piper Sandler increased their price target on shares of Hercules Capital from $22.00 to $22.50 and gave the company an “overweight” rating in a report on Friday, August 2nd. JMP Securities raised their price objective on shares of Hercules Capital from $20.00 to $22.00 and gave the stock a “market outperform” rating in a report on Tuesday, July 30th. Finally, Wells Fargo & Company raised their price objective on shares of Hercules Capital from $20.00 to $21.00 and gave the stock an “overweight” rating in a report on Tuesday, October 29th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Hercules Capital currently has a consensus rating of “Moderate Buy” and a consensus target price of $19.83.

Hercules Capital Company Profile

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.