Hercules Capital, Inc. (NYSE:HTGC) Shares Acquired by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC boosted its stake in Hercules Capital, Inc. (NYSE:HTGC) by 147.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,400 shares of the financial services provider’s stock after buying an additional 5,600 shares during the period. Nisa Investment Advisors LLC’s holdings in Hercules Capital were worth $181,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Ameriflex Group Inc. acquired a new position in Hercules Capital during the fourth quarter worth about $29,000. Estabrook Capital Management increased its position in shares of Hercules Capital by 239.0% in the 4th quarter. Estabrook Capital Management now owns 1,878 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 1,324 shares during the last quarter. Bessemer Group Inc. bought a new position in shares of Hercules Capital in the 1st quarter worth about $38,000. Quarry LP bought a new position in shares of Hercules Capital during the fourth quarter worth about $48,000. Finally, Point72 Hong Kong Ltd bought a new stake in shares of Hercules Capital during the fourth quarter valued at about $80,000. 19.69% of the stock is owned by institutional investors and hedge funds.

Hercules Capital Trading Up 1.1%

NYSE HTGC opened at $19.43 on Friday. The firm has a market capitalization of $3.41 billion, a PE ratio of 14.61 and a beta of 0.93. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 0.99. Hercules Capital, Inc. has a twelve month low of $15.65 and a twelve month high of $22.04. The stock’s 50 day moving average is $18.06 and its 200 day moving average is $18.91.

Hercules Capital (NYSE:HTGC) last released its earnings results on Thursday, May 1st. The financial services provider reported $0.45 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.01). The company had revenue of $102.10 million during the quarter, compared to analysts’ expectations of $125.43 million. Hercules Capital had a return on equity of 16.84% and a net margin of 45.23%. Hercules Capital’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period last year, the firm posted $0.50 EPS. Research analysts forecast that Hercules Capital, Inc. will post 1.96 earnings per share for the current fiscal year.

Hercules Capital Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 20th. Investors of record on Tuesday, May 13th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 8.24%. The ex-dividend date was Tuesday, May 13th. Hercules Capital’s dividend payout ratio (DPR) is currently 120.30%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on HTGC shares. Wells Fargo & Company reduced their price target on shares of Hercules Capital from $21.00 to $19.00 and set an “overweight” rating for the company in a research report on Monday, April 28th. Piper Sandler decreased their price target on Hercules Capital from $23.00 to $20.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Keefe, Bruyette & Woods dropped their target price on Hercules Capital from $21.50 to $20.50 and set an “outperform” rating on the stock in a research report on Tuesday, April 8th. Finally, UBS Group upped their target price on Hercules Capital from $18.50 to $19.00 and gave the company a “neutral” rating in a research report on Wednesday. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $20.08.

Insider Activity

In other Hercules Capital news, Director Nikos Theodosopoulos bought 5,999 shares of Hercules Capital stock in a transaction on Thursday, May 8th. The shares were acquired at an average price of $17.49 per share, for a total transaction of $104,922.51. Following the completion of the purchase, the director directly owned 11,960 shares in the company, valued at approximately $209,180.40. This trade represents a 100.64% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.90% of the stock is 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.