Corient Private Wealth LLC Acquires 29,299 Shares of Hercules Capital, Inc. $HTGC

Corient Private Wealth LLC raised its holdings in Hercules Capital, Inc. (NYSE:HTGC) by 112.9% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 55,252 shares of the financial services provider’s stock after acquiring an additional 29,299 shares during the quarter. Corient Private Wealth LLC’s holdings in Hercules Capital were worth $1,010,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. CWM LLC increased its holdings in Hercules Capital by 79.6% in the second quarter. CWM LLC now owns 1,381 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 612 shares during the period. Assetmark Inc. grew its position in shares of Hercules Capital by 173.4% in the 2nd quarter. Assetmark Inc. now owns 1,386 shares of the financial services provider’s stock valued at $25,000 after buying an additional 879 shares during the last quarter. GHP Investment Advisors Inc. acquired a new stake in shares of Hercules Capital in the second quarter valued at about $27,000. Alpine Bank Wealth Management bought a new position in shares of Hercules Capital during the second quarter worth about $33,000. Finally, CNB Bank acquired a new position in shares of Hercules Capital in the second quarter worth approximately $34,000. Institutional investors and hedge funds own 19.69% of the company’s stock.

Insider Buying and Selling

In other news, Director Gayle A. Crowell acquired 6,000 shares of the firm’s stock in a transaction dated Monday, November 3rd. The stock was purchased at an average price of $17.77 per share, for a total transaction of $106,620.00. Following the completion of the acquisition, the director directly owned 78,727 shares in the company, valued at $1,398,978.79. The trade was a 8.25% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 1.80% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on HTGC. Piper Sandler decreased their target price on shares of Hercules Capital from $21.00 to $20.50 and set an “overweight” rating for the company in a research report on Thursday, October 9th. Wall Street Zen cut shares of Hercules Capital from a “buy” rating to a “hold” rating in a research report on Saturday, December 20th. Capital One Financial set a $19.75 target price on shares of Hercules Capital in a report on Monday, December 15th. UBS Group cut their price target on shares of Hercules Capital from $19.00 to $18.50 and set a “neutral” rating on the stock in a research report on Tuesday, October 14th. Finally, Lucid Cap Mkts raised Hercules Capital to a “strong-buy” rating in a research report on Monday, December 15th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $20.32.

Hercules Capital Stock Up 1.0%

Shares of NYSE HTGC opened at $18.68 on Friday. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 0.98. The firm has a market cap of $3.40 billion, a PE ratio of 10.86 and a beta of 0.85. The company’s fifty day simple moving average is $18.10 and its 200 day simple moving average is $18.54. Hercules Capital, Inc. has a 12-month low of $15.65 and a 12-month high of $22.04.

Hercules Capital (NYSE:HTGC) last announced its quarterly earnings data on Thursday, October 30th. The financial services provider reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.01. The firm had revenue of $138.09 million for the quarter, compared to analyst estimates of $136.95 million. Hercules Capital had a net margin of 60.05% and a return on equity of 16.13%. During the same quarter in the prior year, the business earned $0.51 earnings per share. As a group, sell-side 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 declared a quarterly dividend, which was paid on Wednesday, November 19th. Shareholders of record on Wednesday, November 12th were issued a $0.40 dividend. The ex-dividend date was Wednesday, November 12th. This represents a $1.60 annualized dividend and a yield of 8.6%. Hercules Capital’s dividend payout ratio is presently 93.02%.

Hercules Capital Profile

Hercules Capital, Inc is a specialty finance company organized as a business development company (BDC) that provides tailored debt financing solutions to high‐growth companies. Through its external management structure, Hercules Capital extends senior secured loans, subordinated debt and growth capital designed to support research and development, expansion initiatives and working capital needs. The firm primarily partners with venture capital and private equity sponsors to finance innovative enterprises across various developmental stages.

The company’s investment portfolio is concentrated in technology, life sciences and sustainable and renewable technology sectors, reflecting its focus on industries with strong growth prospects and recurring capital requirements.