Wealth Enhancement Advisory Services LLC Makes New Investment in Hercules Capital, Inc. (NYSE:HTGC)

Wealth Enhancement Advisory Services LLC bought a new stake in shares of Hercules Capital, Inc. (NYSE:HTGC) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 17,107 shares of the financial services provider’s stock, valued at approximately $336,000.

A number of other hedge funds have also recently modified their holdings of the business. PFG Investments LLC grew its holdings in shares of Hercules Capital by 2.5% in the third quarter. PFG Investments LLC now owns 110,854 shares of the financial services provider’s stock worth $2,177,000 after purchasing an additional 2,679 shares during the last quarter. Arkadios Wealth Advisors boosted its position in Hercules Capital by 1.6% in the 3rd quarter. Arkadios Wealth Advisors now owns 55,802 shares of the financial services provider’s stock valued at $1,096,000 after buying an additional 900 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in Hercules Capital by 2.7% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 27,319 shares of the financial services provider’s stock worth $540,000 after acquiring an additional 711 shares in the last quarter. Tectonic Advisors LLC increased its position in shares of Hercules Capital by 17.0% during the third quarter. Tectonic Advisors LLC now owns 433,032 shares of the financial services provider’s stock worth $8,505,000 after acquiring an additional 62,826 shares during the period. Finally, Taylor Frigon Capital Management LLC raised its stake in shares of Hercules Capital by 1.0% during the third quarter. Taylor Frigon Capital Management LLC now owns 115,796 shares of the financial services provider’s stock valued at $2,274,000 after acquiring an additional 1,120 shares in the last quarter. Institutional investors own 19.69% of the company’s stock.

Hercules Capital Stock Down 0.2 %

Shares of NYSE HTGC opened at $19.67 on Monday. Hercules Capital, Inc. has a 12-month low of $15.14 and a 12-month high of $21.78. The stock’s fifty day simple moving average is $19.59 and its two-hundred day simple moving average is $19.69. The stock has a market capitalization of $3.20 billion, a PE ratio of 9.74 and a beta of 1.39. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.94.

Hercules Capital (NYSE:HTGC) last issued 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 company had revenue of $125.25 million for the quarter, compared to the consensus estimate 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 last year, the company earned $0.52 earnings per share. As a group, analysts expect that Hercules Capital, Inc. will post 2.02 EPS for the current fiscal year.

Hercules Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 13th will be given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.76%. The ex-dividend date of this dividend is Wednesday, November 13th. Hercules Capital’s payout ratio is currently 79.21%.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other Hercules Capital news, CEO Scott Bluestein sold 100,000 shares of Hercules Capital 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 directly owns 2,161,207 shares of the company’s stock, valued at approximately $42,338,045.13. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.90% of the stock is currently owned by company insiders.

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.