Generali Investments CEE investicni spolecnost a.s. Makes New $821,000 Investment in Hercules Capital, Inc. (NYSE:HTGC)

Generali Investments CEE investicni spolecnost a.s. bought a new position in shares of Hercules Capital, Inc. (NYSE:HTGC - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 42,750 shares of the financial services provider's stock, valued at approximately $821,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Taylor Frigon Capital Management LLC boosted its position in Hercules Capital by 0.7% during the first quarter. Taylor Frigon Capital Management LLC now owns 114,664 shares of the financial services provider's stock worth $2,203,000 after purchasing an additional 823 shares during the period. Naviter Wealth LLC boosted its holdings in Hercules Capital by 16.7% in the 1st quarter. Naviter Wealth LLC now owns 184,454 shares of the financial services provider's stock worth $3,553,000 after buying an additional 26,367 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its holdings in Hercules Capital by 12.9% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 499,699 shares of the financial services provider's stock worth $9,599,000 after buying an additional 56,932 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in Hercules Capital by 26.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 22,405 shares of the financial services provider's stock valued at $432,000 after buying an additional 4,688 shares in the last quarter. Finally, Golden State Wealth Management LLC raised its holdings in Hercules Capital by 78.9% during the 1st quarter. Golden State Wealth Management LLC now owns 206,961 shares of the financial services provider's stock valued at $3,976,000 after acquiring an additional 91,303 shares during the period. Hedge funds and other institutional investors 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 stock in a transaction on Thursday, May 8th. The stock was 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 directly owned 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 acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.90% of the company's stock.

Hercules Capital Price Performance

Shares of HTGC stock traded up $0.10 on Tuesday, hitting $18.54. 888,889 shares of the stock traded hands, compared to its average volume of 1,116,940. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.38 and a quick ratio of 2.38. Hercules Capital, Inc. has a 52 week low of $15.65 and a 52 week high of $22.04. The firm has a 50 day simple moving average of $17.87 and a two-hundred day simple moving average of $18.94. The firm has a market cap of $3.25 billion, a price-to-earnings ratio of 13.94 and a beta of 0.93.

Hercules Capital (NYSE:HTGC - Get Free Report) last released 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). The firm had revenue of $102.10 million for the quarter, compared to analysts' expectations of $125.43 million. Hercules Capital had a net margin of 45.23% and a return on equity of 16.84%. The business's quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.50 EPS. As a group, equities research analysts predict that Hercules Capital, Inc. will post 1.96 earnings per share for the current fiscal year.

Hercules Capital Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 20th. Shareholders of record on Tuesday, May 13th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 8.63%. The ex-dividend date was Tuesday, May 13th. Hercules Capital's dividend payout ratio (DPR) is presently 120.30%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on HTGC. Wells Fargo & Company reduced their price target on shares of 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 reduced 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. UBS Group decreased their target price on Hercules Capital from $20.00 to $18.00 and set a "neutral" rating on the stock in a research note on Thursday, April 17th. Finally, Piper Sandler dropped their price target on Hercules Capital from $23.00 to $20.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus 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.