D.A. Davidson & CO. Has $5.58 Million Holdings in Hercules Capital, Inc. (NYSE:HTGC)

D.A. Davidson & CO. increased its position in Hercules Capital, Inc. (NYSE:HTGC) by 7.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 283,850 shares of the financial services provider’s stock after purchasing an additional 18,823 shares during the quarter. D.A. Davidson & CO. owned approximately 0.17% of Hercules Capital worth $5,575,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. HHM Wealth Advisors LLC bought a new position in Hercules Capital in the second quarter valued at about $31,000. Kathleen S. Wright Associates Inc. acquired a new position in shares of Hercules Capital during the third quarter worth about $31,000. Farther Finance Advisors LLC raised its position in Hercules Capital by 59,650.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,390 shares of the financial services provider’s stock valued at $47,000 after buying an additional 2,386 shares during the last quarter. Strategic Financial Concepts LLC lifted its stake in Hercules Capital by 2,067.0% in 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 in the last quarter. Finally, Hexagon Capital Partners LLC lifted its stake in Hercules Capital by 38.8% in the 2nd quarter. Hexagon Capital Partners LLC now owns 4,994 shares of the financial services provider’s stock valued at $102,000 after acquiring an additional 1,395 shares in the last quarter. Institutional investors own 19.69% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on HTGC. Wells Fargo & Company lifted their price objective on shares of Hercules Capital from $20.00 to $21.00 and gave the company an “overweight” rating in a report on Tuesday, October 29th. 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 note on Friday, August 2nd. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Hercules Capital currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.40.

Hercules Capital Price Performance

NYSE:HTGC opened at $18.89 on Thursday. The stock has a market capitalization of $3.07 billion, a PE ratio of 9.35 and a beta of 1.39. Hercules Capital, Inc. has a 1-year low of $15.14 and a 1-year high of $21.78. The firm has a fifty day simple moving average of $19.61 and a 200 day simple moving average of $19.66. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.94.

Hercules Capital (NYSE:HTGC) last announced its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.51 EPS for the quarter, meeting analysts’ consensus estimates of $0.51. Hercules Capital had a net margin of 65.07% and a return on equity of 17.88%. The company had revenue of $125.25 million during the quarter, compared to the consensus estimate of $125.80 million. During the same quarter last year, the firm posted $0.52 EPS. On average, research analysts expect that Hercules Capital, Inc. will post 2.02 EPS for the current fiscal year.

Hercules Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 13th were given a $0.48 dividend. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 10.16%. Hercules Capital’s payout ratio is 79.21%.

Insider Transactions at Hercules Capital

In other 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 value of $1,959,000.00. Following the transaction, the chief executive officer now directly owns 2,161,207 shares of the company’s stock, valued at $42,338,045.13. This represents a 4.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.90% of the stock is currently owned by corporate 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.