51,195 Shares in Hercules Capital, Inc. (NYSE:HTGC) Purchased by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. acquired a new stake in Hercules Capital, Inc. (NYSE:HTGC - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 51,195 shares of the financial services provider's stock, valued at approximately $983,000.

Several other institutional investors have also bought and sold shares of HTGC. Sound Income Strategies LLC lifted its position in shares of Hercules Capital by 2.1% during the first quarter. Sound Income Strategies LLC now owns 2,874,455 shares of the financial services provider's stock worth $55,218,000 after acquiring an additional 59,241 shares in the last quarter. Two Sigma Advisers LP lifted its position in shares of Hercules Capital by 205.7% during the fourth quarter. Two Sigma Advisers LP now owns 1,406,900 shares of the financial services provider's stock worth $28,265,000 after acquiring an additional 946,700 shares in the last quarter. Advisors Capital Management LLC lifted its position in shares of Hercules Capital by 6.6% during the fourth quarter. Advisors Capital Management LLC now owns 1,018,210 shares of the financial services provider's stock worth $20,456,000 after acquiring an additional 62,610 shares in the last quarter. Two Sigma Investments LP lifted its position in shares of Hercules Capital by 106.7% during the fourth quarter. Two Sigma Investments LP now owns 945,849 shares of the financial services provider's stock worth $19,002,000 after acquiring an additional 488,172 shares in the last quarter. Finally, Royal Bank of Canada lifted its position in shares of Hercules Capital by 3.1% during the fourth quarter. Royal Bank of Canada now owns 788,353 shares of the financial services provider's stock worth $15,839,000 after acquiring an additional 23,783 shares in the last quarter. Hedge funds and other institutional investors own 19.69% of the company's stock.

Insider Activity

In related news, Director Nikos Theodosopoulos acquired 5,999 shares of Hercules Capital stock in a transaction dated Thursday, May 8th. The shares were purchased at an average cost of $17.49 per share, with a total value of $104,922.51. Following the completion of the purchase, the director owned 11,960 shares of the company's stock, valued at $209,180.40. This represents a 100.64% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.90% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on HTGC shares. UBS Group upped their price target on shares of Hercules Capital from $18.50 to $19.00 and gave the stock a "neutral" rating in a report on Wednesday, July 16th. Wells Fargo & Company decreased their price target on shares of Hercules Capital from $21.00 to $19.00 and set an "overweight" rating on the stock in a report on Monday, April 28th. Piper Sandler decreased their price target on shares of Hercules Capital from $23.00 to $20.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Hercules Capital from $21.50 to $20.50 and set an "outperform" rating on the stock in a report on Tuesday, April 8th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $20.08.

Hercules Capital Price Performance

HTGC traded up $0.01 during trading on Friday, reaching $19.44. The stock had a trading volume of 604,977 shares, compared to its average volume of 914,886. The business has a 50-day moving average of $18.26 and a 200-day moving average of $18.87. Hercules Capital, Inc. has a one year low of $15.65 and a one year high of $22.04. The stock has a market cap of $3.41 billion, a PE ratio of 14.61 and a beta of 0.93. 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 announced its quarterly earnings data on Thursday, May 1st. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.46 by ($0.01). Hercules Capital had a net margin of 45.23% and a return on equity of 16.84%. The company had revenue of $102.10 million for the quarter, compared to the consensus estimate of $125.43 million. During the same period last year, the business posted $0.50 earnings per share. The firm's quarterly revenue was down 1.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Hercules Capital, Inc. will post 1.96 EPS for the current fiscal year.

Hercules Capital Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 20th. Stockholders 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 dividend on an annualized basis and a dividend yield of 8.23%. Hercules Capital's dividend payout ratio (DPR) is currently 120.30%.

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.