BigSur Wealth Management LLC Boosts Stock Position in Hercules Capital, Inc. (NYSE:HTGC)

BigSur Wealth Management LLC increased its holdings in shares of Hercules Capital, Inc. (NYSE:HTGC - Free Report) by 61.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,500 shares of the financial services provider's stock after buying an additional 15,000 shares during the quarter. BigSur Wealth Management LLC's holdings in Hercules Capital were worth $759,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HTGC. Elevation Point Wealth Partners LLC lifted its position in Hercules Capital by 4.3% during the 1st quarter. Elevation Point Wealth Partners LLC now owns 153,851 shares of the financial services provider's stock worth $2,955,000 after acquiring an additional 6,309 shares during the period. Farther Finance Advisors LLC lifted its position in Hercules Capital by 79.5% during the 1st quarter. Farther Finance Advisors LLC now owns 4,292 shares of the financial services provider's stock worth $82,000 after acquiring an additional 1,901 shares during the period. Naples Global Advisors LLC lifted its position in Hercules Capital by 2.9% during the 1st quarter. Naples Global Advisors LLC now owns 64,074 shares of the financial services provider's stock worth $1,231,000 after acquiring an additional 1,815 shares during the period. Accel Wealth Management lifted its position in Hercules Capital by 22.6% during the 1st quarter. Accel Wealth Management now owns 20,841 shares of the financial services provider's stock worth $400,000 after acquiring an additional 3,838 shares during the period. Finally, Summit Global Investments acquired a new stake in Hercules Capital during the 1st quarter worth about $465,000. 19.69% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Nikos Theodosopoulos acquired 5,999 shares of the business's stock in a transaction on Thursday, May 8th. The stock was bought at an average cost of $17.49 per share, for a total transaction of $104,922.51. Following the purchase, the director now owns 11,960 shares in the company, valued at approximately $209,180.40. This represents a 100.64% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.90% of the stock is owned by company insiders.

Hercules Capital Price Performance

Shares of Hercules Capital stock traded down $0.15 on Friday, hitting $17.97. The company's stock had a trading volume of 725,703 shares, compared to its average volume of 1,114,262. The company has a debt-to-equity ratio of 0.89, a quick ratio of 2.72 and a current ratio of 2.72. Hercules Capital, Inc. has a 1 year low of $15.65 and a 1 year high of $22.04. The firm has a fifty day moving average price of $17.60 and a 200-day moving average price of $19.06. The company has a market capitalization of $3.15 billion, a price-to-earnings ratio of 11.16 and a beta of 0.93.

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

Hercules Capital Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 20th. Shareholders of record on Tuesday, May 13th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a $1.60 annualized dividend and a yield of 8.91%. Hercules Capital's dividend payout ratio (DPR) is currently 120.30%.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Compass Point lifted their price target on Hercules Capital from $18.25 to $20.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 19th. UBS Group decreased their price objective on Hercules Capital from $20.00 to $18.00 and set a "neutral" rating for the company in a report on Thursday, April 17th. Piper Sandler decreased their price objective on Hercules Capital from $23.00 to $20.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Wells Fargo & Company decreased their price objective on Hercules Capital from $21.00 to $19.00 and set an "overweight" rating for the company in a report on Monday, April 28th. Finally, Keefe, Bruyette & Woods decreased their price objective on Hercules Capital from $21.50 to $20.50 and set an "outperform" rating for the company in a report on Tuesday, April 8th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, Hercules Capital presently has a consensus rating of "Moderate Buy" and a consensus price target of $19.92.

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.