Mirador Capital Partners LP Acquires 2,885 Shares of Hercules Capital, Inc. (NYSE:HTGC)

Mirador Capital Partners LP raised its holdings in Hercules Capital, Inc. (NYSE:HTGC) by 8.7% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 36,155 shares of the financial services provider’s stock after purchasing an additional 2,885 shares during the period. Mirador Capital Partners LP’s holdings in Hercules Capital were worth $667,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Signaturefd LLC boosted its stake in Hercules Capital by 30.4% in the fourth quarter. Signaturefd LLC now owns 3,382 shares of the financial services provider’s stock valued at $56,000 after buying an additional 789 shares in the last quarter. Founders Financial Alliance LLC grew its holdings in shares of Hercules Capital by 4.9% during the 4th quarter. Founders Financial Alliance LLC now owns 25,250 shares of the financial services provider’s stock valued at $421,000 after purchasing an additional 1,187 shares during the last quarter. C M Bidwell & Associates Ltd. increased its position in Hercules Capital by 54.6% during the 4th quarter. C M Bidwell & Associates Ltd. now owns 4,220 shares of the financial services provider’s stock worth $70,000 after purchasing an additional 1,490 shares in the last quarter. Nations Financial Group Inc. IA ADV lifted its stake in Hercules Capital by 1.8% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 85,610 shares of the financial services provider’s stock valued at $1,427,000 after purchasing an additional 1,530 shares during the last quarter. Finally, NBC Securities Inc. boosted its position in Hercules Capital by 154.8% in the first quarter. NBC Securities Inc. now owns 2,624 shares of the financial services provider’s stock valued at $48,000 after buying an additional 1,594 shares in the last quarter. 19.69% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Hercules Capital news, Director Robert P. Badavas sold 13,300 shares of the stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $19.69, for a total transaction of $261,877.00. Following the transaction, the director now directly owns 4,234 shares in the company, valued at approximately $83,367.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, Director Robert P. Badavas sold 13,300 shares of Hercules Capital stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $19.69, for a total value of $261,877.00. Following the completion of the sale, the director now owns 4,234 shares in the company, valued at approximately $83,367.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert P. Badavas sold 1,700 shares of the stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $19.60, for a total transaction of $33,320.00. Following the transaction, the director now directly owns 4,234 shares in the company, valued at $82,986.40. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by insiders.

Hercules Capital Stock Performance

Shares of HTGC stock opened at $20.57 on Tuesday. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.47 and a quick ratio of 2.47. Hercules Capital, Inc. has a one year low of $14.62 and a one year high of $20.68. The business’s 50 day simple moving average is $19.58 and its 200 day simple moving average is $18.36. The stock has a market capitalization of $3.34 billion, a PE ratio of 9.35 and a beta of 1.39.

Hercules Capital (NYSE:HTGC) last posted its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.02. The company had revenue of $121.55 million during the quarter, compared to analysts’ expectations of $121.86 million. Hercules Capital had a net margin of 69.98% and a return on equity of 18.35%. Hercules Capital’s revenue for the quarter was up 15.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.47 earnings per share. As a group, research analysts forecast that Hercules Capital, Inc. will post 2.06 earnings per share for the current year.

Hercules Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 21st. Investors of record on Tuesday, May 14th were given a dividend of $0.48 per share. The ex-dividend date was Monday, May 13th. This represents a $1.92 annualized dividend and a dividend yield of 9.33%. Hercules Capital’s payout ratio is 72.73%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. JMP Securities increased their price target on Hercules Capital from $19.00 to $20.00 and gave the company a “market outperform” rating in a research note on Friday, May 3rd. Wells Fargo & Company increased their target price on Hercules Capital from $19.50 to $20.00 and gave the company an “overweight” rating in a research report on Friday, May 3rd. Keefe, Bruyette & Woods boosted their price target on Hercules Capital from $18.00 to $19.00 and gave the stock a “market perform” rating in a report on Friday, May 3rd. Finally, Piper Sandler raised their price objective on shares of Hercules Capital from $21.00 to $21.50 and gave the company an “overweight” rating in a report on Friday, May 3rd. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $18.56.

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.