Hercules Capital, Inc. (NYSE:HTGC) Shares Bought by Cetera Investment Advisers

Cetera Investment Advisers raised its stake in shares of Hercules Capital, Inc. (NYSE:HTGC - Free Report) by 15.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 152,573 shares of the financial services provider's stock after buying an additional 20,417 shares during the period. Cetera Investment Advisers owned about 0.09% of Hercules Capital worth $3,065,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Brookstone Capital Management lifted its holdings in Hercules Capital by 90.4% in the fourth quarter. Brookstone Capital Management now owns 20,229 shares of the financial services provider's stock valued at $406,000 after acquiring an additional 9,604 shares during the period. Avior Wealth Management LLC increased its holdings in shares of Hercules Capital by 177.2% during the 4th quarter. Avior Wealth Management LLC now owns 1,802 shares of the financial services provider's stock valued at $36,000 after purchasing an additional 1,152 shares in the last quarter. Cornerstone Wealth Management LLC lifted its stake in shares of Hercules Capital by 7.9% in the 4th quarter. Cornerstone Wealth Management LLC now owns 21,441 shares of the financial services provider's stock valued at $431,000 after purchasing an additional 1,568 shares during the period. Sound Income Strategies LLC boosted its holdings in Hercules Capital by 2.8% during the fourth quarter. Sound Income Strategies LLC now owns 2,815,214 shares of the financial services provider's stock worth $56,558,000 after buying an additional 77,869 shares in the last quarter. Finally, Accel Wealth Management grew its position in Hercules Capital by 7.3% during the fourth quarter. Accel Wealth Management now owns 17,003 shares of the financial services provider's stock valued at $342,000 after buying an additional 1,154 shares during the period. Institutional investors and hedge funds own 19.69% of the company's stock.

Insider Buying and Selling at Hercules Capital

In related news, Director Nikos Theodosopoulos bought 5,999 shares of the business's stock in a transaction on 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 purchase, the director now directly owns 11,960 shares of the company's stock, valued at $209,180.40. The trade was a 100.64% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.90% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on HTGC. Compass Point increased their target price on shares of Hercules Capital from $18.25 to $20.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 19th. 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. Wells Fargo & Company cut their price objective on Hercules Capital from $21.00 to $19.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. Keefe, Bruyette & Woods decreased their target price on Hercules Capital from $21.50 to $20.50 and set an "outperform" rating on the stock in a research report on Tuesday, April 8th. Finally, JMP Securities reissued a "market outperform" rating and issued a $22.00 price target on shares of Hercules Capital in a report on Friday, February 14th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $19.92.

Hercules Capital Price Performance

Shares of NYSE HTGC remained flat at $17.87 during midday trading on Tuesday. The stock had a trading volume of 1,621,928 shares, compared to its average volume of 1,088,710. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.72 and a quick ratio of 2.72. The company's 50-day simple moving average is $17.95 and its 200 day simple moving average is $19.25. The firm has a market capitalization of $3.13 billion, a P/E ratio of 11.10 and a beta of 0.97. Hercules Capital, Inc. has a 1-year low of $15.65 and a 1-year high of $22.04.

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

Hercules Capital Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 20th. Investors of record on Tuesday, May 13th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $1.60 annualized dividend and a yield of 8.95%. Hercules Capital's dividend payout ratio is presently 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.