Farther Finance Advisors LLC Acquires 2,386 Shares of Hercules Capital, Inc. (NYSE:HTGC)

Farther Finance Advisors LLC increased its holdings in Hercules Capital, Inc. (NYSE:HTGC) by 59,650.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,390 shares of the financial services provider’s stock after acquiring an additional 2,386 shares during the quarter. Farther Finance Advisors LLC’s holdings in Hercules Capital were worth $47,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. HHM Wealth Advisors LLC purchased a new position in Hercules Capital during the second quarter valued at $31,000. Kathleen S. Wright Associates Inc. bought a new position in shares of Hercules Capital during the third quarter valued at $31,000. Strategic Financial Concepts LLC raised its position in shares of 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 worth $72,000 after purchasing an additional 336,921 shares during the last quarter. Hexagon Capital Partners LLC boosted 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 worth $102,000 after purchasing an additional 1,395 shares in the last quarter. Finally, Armstrong Advisory Group Inc. grew its position in Hercules Capital by 198.9% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 5,380 shares of the financial services provider’s stock valued at $106,000 after purchasing an additional 3,580 shares during the last quarter. 19.69% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Hercules Capital

In other Hercules Capital news, CEO Scott Bluestein sold 100,000 shares of the company’s stock in a transaction that occurred on 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 directly owns 2,161,207 shares of the company’s stock, valued at approximately $42,338,045.13. This represents a 4.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.90% of the stock is owned by corporate insiders.

Hercules Capital Stock Performance

Shares of NYSE HTGC opened at $19.05 on Friday. The firm’s 50-day moving average price is $19.63 and its 200-day moving average price is $19.70. Hercules Capital, Inc. has a 52-week low of $15.14 and a 52-week high of $21.78. The company has a market cap of $3.09 billion, a PE ratio of 9.43 and a beta of 1.39. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.94.

Hercules Capital (NYSE:HTGC) last issued its earnings results on Wednesday, October 30th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.51. The company had revenue of $125.25 million for the quarter, compared to analysts’ expectations of $125.80 million. Hercules Capital had a net margin of 65.07% and a return on equity of 17.88%. During the same quarter last year, the company posted $0.52 earnings per share. As a group, analysts anticipate that Hercules Capital, Inc. will post 2.02 EPS for the current year.

Hercules Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Wednesday, November 13th will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 10.08%. The ex-dividend date is Wednesday, November 13th. Hercules Capital’s dividend payout ratio (DPR) is presently 79.21%.

Wall Street Analyst Weigh In

HTGC has been the subject of several recent analyst reports. Piper Sandler lifted their target price on shares of Hercules Capital from $22.00 to $22.50 and gave the stock an “overweight” rating in a report on Friday, August 2nd. JMP Securities boosted their price objective on shares of Hercules Capital from $20.00 to $22.00 and gave the stock a “market outperform” rating in a report on Tuesday, July 30th. Finally, Wells Fargo & Company upped their price objective on Hercules Capital from $20.00 to $21.00 and gave the company an “overweight” rating in a research report on Tuesday, October 29th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.83.

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.