Envestnet Asset Management Inc. Has $1.59 Million Stock Holdings in Hercules Capital, Inc. (NYSE:HTGC)

Envestnet Asset Management Inc. trimmed its position in Hercules Capital, Inc. (NYSE:HTGC - Free Report) by 38.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 82,490 shares of the financial services provider's stock after selling 51,965 shares during the quarter. Envestnet Asset Management Inc.'s holdings in Hercules Capital were worth $1,585,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Chilton Capital Management LLC raised its position in Hercules Capital by 133.3% during the first quarter. Chilton Capital Management LLC now owns 7,000 shares of the financial services provider's stock valued at $134,000 after acquiring an additional 4,000 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Hercules Capital by 35.0% in the 1st quarter. Bank of New York Mellon Corp now owns 111,212 shares of the financial services provider's stock valued at $2,136,000 after purchasing an additional 28,832 shares during the last quarter. Generali Investments CEE investicni spolecnost a.s. bought a new stake in Hercules Capital in the first quarter worth $821,000. Taylor Frigon Capital Management LLC increased its holdings in shares of Hercules Capital by 0.7% during the 1st quarter. Taylor Frigon Capital Management LLC now owns 114,664 shares of the financial services provider's stock valued at $2,203,000 after acquiring an additional 823 shares during the last quarter. Finally, Naviter Wealth LLC raised its stake in shares of Hercules Capital by 16.7% in the 1st quarter. Naviter Wealth LLC now owns 184,454 shares of the financial services provider's stock valued at $3,553,000 after acquiring an additional 26,367 shares in the last quarter. Institutional investors and hedge funds own 19.69% of the company's stock.

Insider Buying and Selling

In other Hercules Capital news, Director Nikos Theodosopoulos bought 5,999 shares of the firm's stock in a transaction dated Thursday, May 8th. The shares were bought at an average price of $17.49 per share, for a total transaction of $104,922.51. Following the completion of the acquisition, the director owned 11,960 shares of the company's stock, valued at approximately $209,180.40. This trade 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 currently owned by company insiders.

Hercules Capital Price Performance

NYSE HTGC traded up $0.40 during trading on Friday, reaching $19.16. 1,875,292 shares of the company traded hands, compared to its average volume of 1,213,240. Hercules Capital, Inc. has a 1-year low of $15.65 and a 1-year high of $22.04. The company has a market cap of $3.36 billion, a price-to-earnings ratio of 14.41 and a beta of 0.93. The stock's 50 day moving average price is $18.37 and its two-hundred day moving average price is $18.85. The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.38 and a current ratio of 2.38.

Hercules Capital (NYSE:HTGC - Get Free Report) last posted its earnings results on Thursday, July 31st. The financial services provider reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.03. The business had revenue of $137.46 million for the quarter, compared to analyst estimates of $129.47 million. Hercules Capital had a net margin of 45.23% and a return on equity of 16.84%. The firm's quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.51 EPS. As a group, analysts anticipate that Hercules Capital, Inc. will post 1.96 EPS for the current year.

Hercules Capital Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 19th. Investors of record on Tuesday, August 12th will be given a dividend of $0.47 per share. This is a boost from Hercules Capital's previous quarterly dividend of $0.40. The ex-dividend date is Tuesday, August 12th. This represents a $1.88 dividend on an annualized basis and a yield of 9.8%. Hercules Capital's dividend payout ratio is currently 120.30%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Keefe, Bruyette & Woods decreased their price objective on shares of Hercules Capital from $21.50 to $20.50 and set an "outperform" rating for the company in a report on Tuesday, April 8th. UBS Group raised their target price on Hercules Capital from $18.50 to $19.00 and gave the company a "neutral" rating in a report on Wednesday, July 16th. Wells Fargo & Company cut their price target 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, Piper Sandler increased their price objective on Hercules Capital from $20.00 to $21.00 and gave the company an "overweight" rating in a research report on Friday. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $20.25.

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.