Hercules Capital, Inc. (NYSE:HTGC) Stock Position Increased by Sound Income Strategies LLC

Sound Income Strategies LLC boosted its position in Hercules Capital, Inc. (NYSE:HTGC) by 2.9% in the 1st quarter, Holdings Channel reports. The firm owned 2,654,119 shares of the financial services provider’s stock after buying an additional 73,747 shares during the quarter. Hercules Capital accounts for approximately 3.7% of Sound Income Strategies LLC’s portfolio, making the stock its biggest position. Sound Income Strategies LLC’s holdings in Hercules Capital were worth $48,968,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. NBC Securities Inc. boosted its stake in shares of Hercules Capital by 154.8% during the first quarter. NBC Securities Inc. now owns 2,624 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 1,594 shares during the period. Principal Securities Inc. bought a new position in Hercules Capital in the fourth quarter worth approximately $53,000. Signaturefd LLC grew its stake in Hercules Capital by 30.4% in the fourth quarter. Signaturefd LLC now owns 3,382 shares of the financial services provider’s stock worth $56,000 after purchasing an additional 789 shares in the last quarter. Cape Investment Advisory Inc. bought a new position in Hercules Capital in the fourth quarter worth approximately $56,000. Finally, Orion Capital Management LLC bought a new position in Hercules Capital in the third quarter worth approximately $66,000. Institutional investors own 19.69% of the company’s stock.

Insider Buying and Selling

In other Hercules Capital news, Director Robert P. Badavas sold 1,700 shares of Hercules Capital stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $19.60, for a total transaction of $33,320.00. Following the completion of the transaction, the director now owns 4,234 shares in the company, valued at approximately $82,986.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Robert P. Badavas sold 13,300 shares of the business’s stock in a transaction 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 transaction, the director now directly owns 4,234 shares in the company, valued at approximately $83,367.46. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Robert P. Badavas sold 1,700 shares of Hercules Capital stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $19.60, for a total transaction of $33,320.00. Following the completion of the sale, the director now owns 4,234 shares in the company, valued at approximately $82,986.40. The disclosure for this sale can be found here. 1.90% of the stock is owned by corporate insiders.

Analyst Ratings Changes

HTGC has been the topic of a number of research reports. Keefe, Bruyette & Woods raised their target price on shares of Hercules Capital from $18.00 to $19.00 and gave the company a “market perform” rating in a research report on Friday, May 3rd. Piper Sandler boosted their target price on shares of Hercules Capital from $21.00 to $21.50 and gave the stock an “overweight” rating in a report on Friday, May 3rd. Wells Fargo & Company raised their price target on shares of Hercules Capital from $19.50 to $20.00 and gave the company an “overweight” rating in a report on Friday, May 3rd. Finally, JMP Securities boosted their price objective on shares of Hercules Capital from $19.00 to $20.00 and gave the stock a “market outperform” rating in a research note on Friday, May 3rd. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Hercules Capital currently has a consensus rating of “Hold” and an average price target of $18.56.

Hercules Capital Stock Performance

Shares of HTGC traded up $0.11 during trading hours on Wednesday, reaching $20.15. 675,536 shares of the company traded hands, compared to its average volume of 899,780. The stock has a market capitalization of $3.27 billion, a P/E ratio of 9.15 and a beta of 1.36. 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, Inc. has a 12-month low of $14.11 and a 12-month high of $20.28. The business has a fifty day moving average price of $19.42 and a 200-day moving average price of $18.22.

Hercules Capital (NYSE:HTGC) last announced its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. The firm had revenue of $121.55 million for the quarter, compared to analyst estimates of $121.86 million. Hercules Capital had a net margin of 69.98% and a return on equity of 18.35%. The business’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.47 earnings per share. Equities analysts anticipate that Hercules Capital, Inc. will post 2.06 EPS for the current fiscal year.

Hercules Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 21st. Investors of record on Tuesday, May 14th were issued a $0.48 dividend. The ex-dividend date was Monday, May 13th. This represents a $1.92 annualized dividend and a yield of 9.53%. Hercules Capital’s dividend payout ratio (DPR) is presently 72.73%.

Hercules Capital 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.