Accel Wealth Management Purchases Shares of 14,512 Hercules Capital, Inc. (NYSE:HTGC)

Accel Wealth Management purchased a new stake in Hercules Capital, Inc. (NYSE:HTGC) during the 1st quarter, HoldingsChannel.com reports. The fund purchased 14,512 shares of the financial services provider’s stock, valued at approximately $268,000.

Several other large investors have also recently bought and sold shares of the stock. Abundance Wealth Counselors raised its holdings in Hercules Capital by 7.9% in the 1st quarter. Abundance Wealth Counselors now owns 50,978 shares of the financial services provider’s stock valued at $941,000 after acquiring an additional 3,750 shares during the period. Monument Capital Management bought a new position in shares of Hercules Capital during the first quarter worth approximately $351,000. Naviter Wealth LLC bought a new position in shares of Hercules Capital during the first quarter worth approximately $1,701,000. Hexagon Capital Partners LLC increased its holdings in shares of Hercules Capital by 28.9% during the first 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. Finally, Mirador Capital Partners LP increased its holdings in shares of Hercules Capital by 8.7% during the first quarter. Mirador Capital Partners LP now owns 36,155 shares of the financial services provider’s stock worth $667,000 after purchasing an additional 2,885 shares during the period. 19.69% of the stock is owned by institutional investors.

Insider Buying and Selling at Hercules Capital

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

Wall Street Analyst Weigh In

HTGC has been the topic of several recent research reports. Piper Sandler raised their target price on shares of Hercules Capital from $21.00 to $21.50 and gave the stock an “overweight” rating in a report on Friday, May 3rd. JMP Securities raised their target price on shares of Hercules Capital from $19.00 to $20.00 and gave the stock a “market outperform” rating in a report on Friday, May 3rd. Keefe, Bruyette & Woods raised their target price on shares of Hercules Capital from $18.00 to $19.00 and gave the stock a “market perform” rating in a report on Friday, May 3rd. Finally, Wells Fargo & Company raised their target price 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. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $18.56.

Hercules Capital Stock Performance

Shares of Hercules Capital stock opened at $21.18 on Friday. Hercules Capital, Inc. has a fifty-two week low of $14.62 and a fifty-two week high of $21.19. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.47 and a quick ratio of 2.47. The firm has a market capitalization of $3.43 billion, a P/E ratio of 9.63 and a beta of 1.39. The company’s 50 day moving average price is $19.71 and its two-hundred day moving average price is $18.43.

Hercules Capital (NYSE:HTGC) last issued its earnings results on Thursday, May 2nd. The financial services provider reported $0.50 earnings per share 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 for the quarter, compared to analyst estimates of $121.86 million. During the same quarter last year, the business posted $0.47 earnings per share. The company’s quarterly revenue was up 15.7% on a year-over-year basis. On average, equities analysts forecast that Hercules Capital, Inc. will post 2.06 earnings per share for the current fiscal year.

Hercules Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 21st. Shareholders of record on Tuesday, May 14th were given a $0.48 dividend. The ex-dividend date was Monday, May 13th. This represents a $1.92 dividend on an annualized basis and a yield of 9.07%. Hercules Capital’s dividend payout ratio is currently 72.73%.

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.