International Assets Investment Management LLC Buys 386,367 Shares of Hercules Capital, Inc. (NYSE:HTGC)

International Assets Investment Management LLC boosted its stake in Hercules Capital, Inc. (NYSE:HTGC) by 1,861.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 407,119 shares of the financial services provider’s stock after purchasing an additional 386,367 shares during the period. International Assets Investment Management LLC’s holdings in Hercules Capital were worth $79,960,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. HHM Wealth Advisors LLC bought a new stake in Hercules Capital in the 2nd quarter worth approximately $31,000. Kathleen S. Wright Associates Inc. bought a new stake in Hercules Capital in the 3rd quarter worth approximately $31,000. Hexagon Capital Partners LLC grew its position in Hercules Capital by 28.9% in the 1st quarter. Hexagon Capital Partners LLC now owns 3,599 shares of the financial services provider’s stock worth $66,000 after purchasing an additional 806 shares during the period. Armstrong Advisory Group Inc. grew its position in Hercules Capital by 198.9% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 5,380 shares of the financial services provider’s stock worth $106,000 after purchasing an additional 3,580 shares during the period. Finally, ORG Partners LLC boosted its stake in shares of Hercules Capital by 963.9% during the 2nd quarter. ORG Partners LLC now owns 8,575 shares of the financial services provider’s stock worth $176,000 after acquiring an additional 7,769 shares during the last quarter. Institutional investors own 19.69% of the company’s stock.

Hercules Capital Stock Down 0.4 %

HTGC opened at $19.90 on Friday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.42 and a current ratio of 1.42. Hercules Capital, Inc. has a fifty-two week low of $15.02 and a fifty-two week high of $21.78. The firm’s fifty day moving average is $19.38 and its 200 day moving average is $19.60. The stock has a market cap of $3.23 billion, a price-to-earnings ratio of 11.12 and a beta of 1.39.

Hercules Capital (NYSE:HTGC) last released its earnings results on Thursday, August 1st. The financial services provider reported $0.51 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.51. Hercules Capital had a net margin of 57.82% and a return on equity of 18.03%. The company had revenue of $125.01 million for the quarter, compared to analysts’ expectations of $124.99 million. During the same quarter in the previous year, the company earned $0.53 EPS. On average, sell-side analysts forecast that Hercules Capital, Inc. will post 2.03 earnings per share for the current fiscal year.

Hercules Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 20th. Investors of record on Tuesday, August 13th were paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.65%. The ex-dividend date of this dividend was Tuesday, August 13th. Hercules Capital’s dividend payout ratio (DPR) is 89.39%.

Analyst Ratings Changes

HTGC has been the topic of several analyst reports. Wells Fargo & Company lifted their price target on shares of Hercules Capital from $20.00 to $22.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. JMP Securities lifted their price target on shares of Hercules Capital from $20.00 to $22.00 and gave the stock a “market outperform” rating in a research note on Tuesday, July 30th. Finally, Piper Sandler lifted their price target on shares of Hercules Capital from $22.00 to $22.50 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Hercules Capital presently has an average rating of “Moderate Buy” and an average price target of $20.00.

Insider Activity at Hercules Capital

In related news, CEO Scott Bluestein sold 100,000 shares of Hercules Capital stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $19.59, for a total transaction of $1,959,000.00. Following the transaction, the chief executive officer now owns 2,161,207 shares in the company, valued at approximately $42,338,045.13. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Nikos Theodosopoulos purchased 1,608 shares of Hercules Capital stock in a transaction on Tuesday, August 6th. The shares were bought at an average cost of $18.03 per share, for a total transaction of $28,992.24. Following the acquisition, the director now owns 5,613 shares in the company, valued at approximately $101,202.39. The trade was a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Scott Bluestein sold 100,000 shares of Hercules Capital stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $19.59, for a total transaction of $1,959,000.00. Following the completion of the sale, the chief executive officer now owns 2,161,207 shares in the company, valued at approximately $42,338,045.13. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.90% of the stock is owned by corporate insiders.

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.