Taylor Frigon Capital Management LLC Has $2.27 Million Position in Hercules Capital, Inc. (NYSE:HTGC)

Taylor Frigon Capital Management LLC boosted its holdings in shares of Hercules Capital, Inc. (NYSE:HTGC) by 1.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 115,796 shares of the financial services provider’s stock after acquiring an additional 1,120 shares during the quarter. Taylor Frigon Capital Management LLC owned approximately 0.07% of Hercules Capital worth $2,274,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in HTGC. HHM Wealth Advisors LLC bought a new position in shares of Hercules Capital during the 2nd quarter valued at $31,000. Kathleen S. Wright Associates Inc. acquired a new stake in shares of Hercules Capital in the third quarter worth about $31,000. Hexagon Capital Partners LLC boosted its stake in shares of Hercules Capital by 28.9% during the 1st quarter. Hexagon Capital Partners LLC now owns 3,599 shares of the financial services provider’s stock worth $66,000 after acquiring an additional 806 shares in the last quarter. Strategic Financial Concepts LLC increased its holdings in shares of Hercules Capital by 2,067.0% during the 2nd quarter. Strategic Financial Concepts LLC now owns 353,221 shares of the financial services provider’s stock valued at $72,000 after acquiring an additional 336,921 shares during the last quarter. Finally, Armstrong Advisory Group Inc. raised its stake in shares of Hercules Capital by 198.9% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 5,380 shares of the financial services provider’s stock valued at $106,000 after acquiring an additional 3,580 shares in the last quarter. 19.69% of the stock is currently owned by institutional investors and hedge funds.

Hercules Capital Stock Performance

Shares of NYSE:HTGC traded up $0.04 on Thursday, hitting $19.90. 133,467 shares of the company were exchanged, compared to its average volume of 911,026. Hercules Capital, Inc. has a one year low of $15.02 and a one year high of $21.78. The firm has a market capitalization of $3.23 billion, a price-to-earnings ratio of 9.03 and a beta of 1.39. The company’s 50 day moving average price is $19.33 and its two-hundred day moving average price is $19.58. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.42 and a current ratio of 1.42.

Hercules Capital (NYSE:HTGC) last posted its quarterly earnings results on Thursday, August 1st. The financial services provider reported $0.51 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.51. The firm had revenue of $125.01 million for the quarter, compared to the consensus estimate of $124.99 million. Hercules Capital had a net margin of 57.82% and a return on equity of 18.03%. During the same quarter in the previous year, the company earned $0.53 earnings per share. Research analysts expect that Hercules Capital, Inc. will post 2.03 earnings per share for the current year.

Hercules Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 20th. Shareholders of record on Tuesday, August 13th were issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 9.65%. The ex-dividend date of this dividend was Tuesday, August 13th. Hercules Capital’s payout ratio is 72.73%.

Analyst Ratings Changes

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

Insider Activity

In related news, CEO Scott Bluestein sold 100,000 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now owns 2,161,207 shares in the company, valued at $42,338,045.13. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Scott Bluestein sold 100,000 shares of the stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $19.59, for a total transaction of $1,959,000.00. Following the completion of the sale, the chief executive officer now owns 2,161,207 shares in the company, valued at $42,338,045.13. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Nikos Theodosopoulos bought 1,608 shares of the business’s stock in a transaction dated Tuesday, August 6th. The stock was purchased at an average price of $18.03 per share, with a total value of $28,992.24. Following the purchase, the director now directly 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 disclosure for this purchase can be found here. Corporate insiders own 1.90% of the company’s stock.

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.