Capital Advisory Group Advisory Services LLC Sells 58,529 Shares of Hercules Capital, Inc. (NYSE:HTGC)

Capital Advisory Group Advisory Services LLC reduced its holdings in Hercules Capital, Inc. (NYSE:HTGC - Free Report) by 40.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 87,053 shares of the financial services provider's stock after selling 58,529 shares during the quarter. Capital Advisory Group Advisory Services LLC owned about 0.05% of Hercules Capital worth $1,672,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Ameriflex Group Inc. acquired a new stake in shares of Hercules Capital during the fourth quarter worth approximately $29,000. Estabrook Capital Management grew its holdings in Hercules Capital by 239.0% during the 4th quarter. Estabrook Capital Management now owns 1,878 shares of the financial services provider's stock worth $38,000 after acquiring an additional 1,324 shares during the period. Quarry LP bought a new position in shares of Hercules Capital during the fourth quarter worth $48,000. Point72 Hong Kong Ltd bought a new position in shares of Hercules Capital during the fourth quarter worth $80,000. Finally, Jones Financial Companies Lllp boosted its position in shares of Hercules Capital by 199.6% during 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 owned by institutional investors and hedge funds.

Hercules Capital Price Performance

Hercules Capital stock traded down $0.15 during midday trading on Friday, reaching $17.97. 725,703 shares of the stock were exchanged, compared to its average volume of 1,114,262. The company's fifty day moving average is $17.60 and its 200-day moving average is $19.06. The company has a debt-to-equity ratio of 0.89, a quick ratio of 2.72 and a current ratio of 2.72. The firm has a market cap of $3.15 billion, a PE ratio of 11.16 and a beta of 0.93. Hercules Capital, Inc. has a 52 week low of $15.65 and a 52 week high of $22.04.

Hercules Capital (NYSE:HTGC - Get Free Report) last released its earnings results on Thursday, May 1st. The financial services provider reported $0.45 EPS 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 for the quarter, compared to the consensus estimate of $125.43 million. During the same period in the prior year, the business posted $0.50 EPS. Hercules Capital's revenue for the quarter was down 1.6% on a year-over-year basis. On average, sell-side analysts forecast that Hercules Capital, Inc. will post 1.96 EPS for the current year.

Hercules Capital Cuts Dividend

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

Insider Transactions at Hercules Capital

In other Hercules Capital news, Director Nikos Theodosopoulos bought 5,999 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the director now owns 11,960 shares of the company's stock, valued at $209,180.40. This represents a 100.64% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.90% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on HTGC shares. UBS Group cut their price target on shares of Hercules Capital from $20.00 to $18.00 and set a "neutral" rating on the stock in a research report on Thursday, April 17th. 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 report on Wednesday, February 19th. Wells Fargo & Company decreased their target price on shares of Hercules Capital from $21.00 to $19.00 and set an "overweight" rating on the stock in a research report on Monday, April 28th. JMP Securities reiterated a "market outperform" rating and set a $22.00 price target on shares of Hercules Capital in a research report on Friday, February 14th. Finally, Piper Sandler reduced their price target on shares of 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 analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Hercules Capital currently has an average rating of "Moderate Buy" and an average price target of $19.92.

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.