Hexagon Capital Partners LLC Cuts Stock Position in Hercules Capital, Inc. (NYSE:HTGC)

Hexagon Capital Partners LLC cut its holdings in shares of Hercules Capital, Inc. (NYSE:HTGC) by 21.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,905 shares of the financial services provider’s stock after selling 1,089 shares during the period. Hexagon Capital Partners LLC’s holdings in Hercules Capital were worth $77,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of HTGC. Van ECK Associates Corp increased its stake in shares of Hercules Capital by 11.8% during the second quarter. Van ECK Associates Corp now owns 2,824,840 shares of the financial services provider’s stock worth $57,768,000 after buying an additional 298,992 shares during the period. Sound Income Strategies LLC increased its stake in shares of Hercules Capital by 1.3% during the second quarter. Sound Income Strategies LLC now owns 2,689,673 shares of the financial services provider’s stock worth $55,004,000 after buying an additional 35,554 shares during the period. Melia Wealth LLC increased its stake in shares of Hercules Capital by 5.5% during the first quarter. Melia Wealth LLC now owns 691,540 shares of the financial services provider’s stock worth $12,759,000 after buying an additional 36,325 shares during the period. Gilman Hill Asset Management LLC increased its stake in shares of Hercules Capital by 1.2% during the second quarter. Gilman Hill Asset Management LLC now owns 607,669 shares of the financial services provider’s stock worth $12,427,000 after buying an additional 7,485 shares during the period. Finally, Confluence Investment Management LLC increased its stake in shares of Hercules Capital by 0.8% during the second quarter. Confluence Investment Management LLC now owns 379,548 shares of the financial services provider’s stock worth $7,762,000 after buying an additional 2,875 shares during the period. 19.69% of the stock is currently owned by hedge funds and other institutional investors.

Hercules Capital Price Performance

HTGC stock opened at $19.77 on Friday. The company has a market capitalization of $3.21 billion, a P/E ratio of 8.99 and a beta of 1.39. Hercules Capital, Inc. has a twelve month low of $15.02 and a twelve month high of $21.78. The business has a 50 day simple moving average of $19.03 and a 200-day simple moving average of $19.46. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.94.

Hercules Capital (NYSE:HTGC) last released its quarterly earnings results on Thursday, August 1st. The financial services provider reported $0.51 EPS for the quarter, hitting the consensus estimate of $0.51. Hercules Capital had a return on equity of 18.03% and a net margin of 57.82%. The business had revenue of $125.01 million during the quarter, compared to analysts’ expectations of $124.99 million. During the same quarter in the prior year, the business earned $0.53 earnings per share. As a group, equities analysts anticipate that Hercules Capital, Inc. will post 2.03 EPS for the current year.

Hercules Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 20th. Shareholders of record on Tuesday, August 13th were given a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 9.71%. The ex-dividend date was Tuesday, August 13th. Hercules Capital’s payout ratio is 72.73%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Wells Fargo & Company upped their price target on Hercules Capital from $20.00 to $22.00 and gave the company an “overweight” rating in a report on Friday, July 26th. JMP Securities upped their price target on Hercules Capital from $20.00 to $22.00 and gave the company a “market outperform” rating in a report on Tuesday, July 30th. Finally, Piper Sandler upped their price target on Hercules Capital from $22.00 to $22.50 and gave the company an “overweight” rating in a report on Friday, August 2nd. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $20.00.

Insiders Place Their Bets

In other Hercules Capital news, Director Nikos Theodosopoulos acquired 1,608 shares of the business’s stock in a transaction on Tuesday, August 6th. The stock was purchased at an average price of $18.03 per share, for a total transaction of $28,992.24. Following the completion of the transaction, the director now owns 5,613 shares of the company’s stock, valued at $101,202.39. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Hercules Capital news, Director Nikos Theodosopoulos bought 1,608 shares of the business’s stock in a transaction on Tuesday, August 6th. The stock was bought at an average price of $18.03 per share, for a total transaction of $28,992.24. Following the completion of the transaction, the director now owns 5,613 shares in the company, valued at approximately $101,202.39. The trade was a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Scott Bluestein sold 100,000 shares of Hercules Capital stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $19.59, for a total transaction 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 approximately $42,338,045.13. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by company insiders.

About Hercules Capital

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.