Naviter Wealth LLC Buys Shares of 92,184 Hercules Capital, Inc. (NYSE:HTGC)

Naviter Wealth LLC acquired a new position in Hercules Capital, Inc. (NYSE:HTGC) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 92,184 shares of the financial services provider’s stock, valued at approximately $1,701,000. Naviter Wealth LLC owned about 0.06% of Hercules Capital as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. International Assets Investment Management LLC raised its holdings in Hercules Capital by 1,567.0% in the fourth quarter. International Assets Investment Management LLC now owns 1,345,736 shares of the financial services provider’s stock valued at $22,433,000 after acquiring an additional 1,265,008 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of Hercules Capital by 18.8% during the 4th quarter. Van ECK Associates Corp now owns 2,414,747 shares of the financial services provider’s stock worth $40,254,000 after buying an additional 381,318 shares during the last quarter. Confluence Investment Management LLC acquired a new position in shares of Hercules Capital during the 1st quarter worth $6,950,000. Global Assets Advisory LLC raised its stake in shares of Hercules Capital by 1,920.8% during the 1st quarter. Global Assets Advisory LLC now owns 221,051 shares of the financial services provider’s stock worth $4,078,000 after buying an additional 210,112 shares during the last quarter. Finally, Waterloo Capital L.P. acquired a new position in shares of Hercules Capital during the 4th quarter worth $1,803,000. Hedge funds and other institutional investors own 19.69% of the company’s stock.

Insider Activity at Hercules Capital

In other Hercules Capital news, Director Robert P. Badavas sold 13,300 shares of the business’s 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 sale, the director now owns 4,234 shares of the company’s stock, valued at approximately $83,367.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Robert P. Badavas sold 13,300 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 4,234 shares in the company, valued at approximately $83,367.46. The sale was disclosed in a filing 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 that occurred on Tuesday, June 18th. The stock was sold at an average price of $19.60, for a total value of $33,320.00. Following the sale, the director now directly owns 4,234 shares of the company’s stock, valued at $82,986.40. The disclosure for this sale can be found here. Corporate insiders own 1.90% of the company’s stock.

Hercules Capital Stock Performance

Shares of HTGC opened at $20.89 on Wednesday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 2.47 and a current ratio of 2.47. The company has a market capitalization of $3.39 billion, a PE ratio of 9.50 and a beta of 1.39. The company’s 50 day moving average price is $19.62 and its 200 day moving average price is $18.39. Hercules Capital, Inc. has a 52 week low of $14.62 and a 52 week high of $20.93.

Hercules Capital (NYSE:HTGC) last posted its earnings results on Thursday, May 2nd. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. Hercules Capital had a net margin of 69.98% and a return on equity of 18.35%. The firm had revenue of $121.55 million during the quarter, compared to analysts’ expectations of $121.86 million. During the same period in the previous year, the company earned $0.47 earnings per share. The company’s revenue was up 15.7% compared to the same quarter last year. Research analysts expect that Hercules Capital, Inc. will post 2.06 EPS for the current fiscal year.

Hercules Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 21st. Investors of record on Tuesday, May 14th were paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 9.19%. The ex-dividend date of this dividend was Monday, May 13th. Hercules Capital’s payout ratio is currently 72.73%.

Analyst Upgrades and Downgrades

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

Hercules Capital 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.