Chicago Partners Investment Group LLC Has $312,000 Stake in Hercules Capital, Inc. (NYSE:HTGC)

Chicago Partners Investment Group LLC raised its stake in shares of Hercules Capital, Inc. (NYSE:HTGC) by 15.4% in the third quarter, Holdings Channel.com reports. The firm owned 15,704 shares of the financial services provider’s stock after buying an additional 2,101 shares during the period. Chicago Partners Investment Group LLC’s holdings in Hercules Capital were worth $312,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Farther Finance Advisors LLC boosted its stake in Hercules Capital by 59,650.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,390 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 2,386 shares during the last quarter. SteelPeak Wealth LLC boosted its stake in Hercules Capital by 3.9% during the 3rd quarter. SteelPeak Wealth LLC now owns 29,503 shares of the financial services provider’s stock valued at $579,000 after purchasing an additional 1,119 shares during the last quarter. Autumn Glory Partners LLC boosted its stake in Hercules Capital by 38.1% during the 3rd quarter. Autumn Glory Partners LLC now owns 14,500 shares of the financial services provider’s stock valued at $285,000 after purchasing an additional 4,000 shares during the last quarter. Nisa Investment Advisors LLC acquired a new position in Hercules Capital during the 3rd quarter valued at about $114,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in Hercules Capital during the 3rd quarter valued at about $336,000. Institutional investors and hedge funds own 19.69% of the company’s stock.

Insider Buying and Selling

In related news, CEO Scott Bluestein sold 100,000 shares of Hercules Capital stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $19.59, for a total value of $1,959,000.00. Following the completion of the transaction, the chief executive officer now directly 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 is accessible through this hyperlink. 1.90% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. JMP Securities lifted their target price on shares of Hercules Capital from $20.00 to $22.00 and gave the stock a “market outperform” rating in a research report on Tuesday, July 30th. Wells Fargo & Company lifted their target price on shares of Hercules Capital from $20.00 to $21.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 29th. Finally, Piper Sandler lifted their target price on shares of Hercules Capital from $22.00 to $22.50 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $19.83.

Hercules Capital Stock Performance

NYSE:HTGC opened at $19.13 on Wednesday. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.94. The stock has a market capitalization of $3.11 billion, a PE ratio of 9.47 and a beta of 1.39. The firm’s 50 day moving average is $19.54 and its 200 day moving average is $19.67. Hercules Capital, Inc. has a 12 month low of $15.14 and a 12 month high of $21.78.

Hercules Capital (NYSE:HTGC) last posted its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.51 EPS for the quarter, hitting analysts’ consensus estimates of $0.51. The company had revenue of $125.25 million for the quarter, compared to analysts’ expectations of $125.80 million. Hercules Capital had a net margin of 65.07% and a return on equity of 17.88%. During the same quarter in the previous year, the firm posted $0.52 EPS. Sell-side analysts expect that Hercules Capital, Inc. will post 2.02 earnings per share for the current year.

Hercules Capital Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Wednesday, November 13th will be issued a $0.48 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 10.04%. Hercules Capital’s dividend payout ratio (DPR) is presently 79.21%.

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.