Bramshill Investments LLC Purchases New Shares in Hercules Capital, Inc. (NYSE:HTGC)

Bramshill Investments LLC purchased a new position in Hercules Capital, Inc. (NYSE:HTGC - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 31,312 shares of the financial services provider's stock, valued at approximately $629,000.

Several other institutional investors have also made changes to their positions in HTGC. Avior Wealth Management LLC grew its stake in shares of Hercules Capital by 177.2% in the 4th quarter. Avior Wealth Management LLC now owns 1,802 shares of the financial services provider's stock valued at $36,000 after buying an additional 1,152 shares in the last quarter. Estabrook Capital Management raised its holdings in shares of Hercules Capital by 239.0% during the 4th quarter. Estabrook Capital Management now owns 1,878 shares of the financial services provider's stock valued at $38,000 after purchasing an additional 1,324 shares in the last quarter. Archer Investment Corp raised its holdings in shares of Hercules Capital by 345.4% during the 4th quarter. Archer Investment Corp now owns 2,325 shares of the financial services provider's stock valued at $47,000 after purchasing an additional 1,803 shares in the last quarter. Quarry LP acquired a new stake in shares of Hercules Capital in the 4th quarter valued at $48,000. Finally, Jones Financial Companies Lllp boosted its holdings in Hercules Capital by 199.6% in the fourth quarter. Jones Financial Companies Lllp now owns 4,042 shares of the financial services provider's stock worth $81,000 after purchasing an additional 2,693 shares in the last quarter. 19.69% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Nikos Theodosopoulos bought 5,999 shares of the company's stock in a transaction dated Thursday, May 8th. The stock was acquired at an average cost of $17.49 per share, with a total value of $104,922.51. Following the acquisition, the director now owns 11,960 shares in the company, valued at approximately $209,180.40. This represents a 100.64 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.90% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on HTGC. UBS Group reduced their price target on Hercules Capital from $20.00 to $18.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. Keefe, Bruyette & Woods decreased their target price on Hercules Capital from $21.50 to $20.50 and set an "outperform" rating for the company in a research report on Tuesday, April 8th. JMP Securities reissued a "market outperform" rating and issued a $22.00 price target on shares of Hercules Capital in a research report on Friday, February 14th. Compass Point raised their target price on shares of Hercules Capital from $18.25 to $20.00 and gave the company a "neutral" rating in a research note on Wednesday, February 19th. Finally, Piper Sandler lowered their price target on Hercules Capital from $23.00 to $20.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $19.92.

Hercules Capital Stock Performance

HTGC stock traded down $0.09 during trading on Friday, reaching $17.50. 1,254,599 shares of the stock were exchanged, compared to its average volume of 1,068,001. Hercules Capital, Inc. has a twelve month low of $15.65 and a twelve month high of $22.04. The company has a current ratio of 2.72, a quick ratio of 2.72 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $3.07 billion, a P/E ratio of 10.87 and a beta of 0.97. The stock has a 50 day simple moving average of $18.05 and a 200-day simple moving average of $19.34.

Hercules Capital (NYSE:HTGC - Get Free Report) last issued its earnings results on Thursday, May 1st. The financial services provider reported $0.45 EPS for the quarter, missing analysts' consensus estimates of $0.46 by ($0.01). The firm had revenue of $102.10 million during the quarter, compared to analyst estimates of $125.43 million. Hercules Capital had a net margin of 53.28% and a return on equity of 17.19%. The business's revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.50 earnings per share. As a group, sell-side analysts anticipate that Hercules Capital, Inc. will post 1.96 earnings per share for the current year.

Hercules Capital Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 20th. Investors of record on Tuesday, May 13th will be paid a $0.40 dividend. The ex-dividend date is Tuesday, May 13th. This represents a $1.60 dividend on an annualized basis and a yield of 9.14%. Hercules Capital's payout ratio is currently 120.30%.

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.