Hercules Capital, Inc. (NYSE:HTGC) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP lessened its holdings in shares of Hercules Capital, Inc. (NYSE:HTGC) by 20.7% during the 3rd quarter, Holdings Channel.com reports. The fund owned 33,852 shares of the financial services provider’s stock after selling 8,825 shares during the period. Quantbot Technologies LP’s holdings in Hercules Capital were worth $665,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in HTGC. Tidal Investments LLC lifted its position in shares of Hercules Capital by 6.4% during the 1st quarter. Tidal Investments LLC now owns 63,037 shares of the financial services provider’s stock worth $1,163,000 after buying an additional 3,768 shares during the last quarter. Cetera Investment Advisers boosted its stake in Hercules Capital by 170.7% in the first quarter. Cetera Investment Advisers now owns 126,789 shares of the financial services provider’s stock valued at $2,339,000 after acquiring an additional 79,947 shares in the last quarter. Cetera Advisors LLC grew its holdings in shares of Hercules Capital by 98.9% during the first quarter. Cetera Advisors LLC now owns 89,118 shares of the financial services provider’s stock worth $1,644,000 after purchasing an additional 44,315 shares during the last quarter. DNB Asset Management AS increased its position in shares of Hercules Capital by 17.0% during the second quarter. DNB Asset Management AS now owns 135,256 shares of the financial services provider’s stock worth $2,766,000 after purchasing an additional 19,626 shares in the last quarter. Finally, Simplicity Wealth LLC lifted its holdings in shares of Hercules Capital by 5.7% in the 2nd quarter. Simplicity Wealth LLC now owns 40,171 shares of the financial services provider’s stock valued at $821,000 after purchasing an additional 2,150 shares during the last quarter. Hedge funds and other institutional investors own 19.69% of the company’s stock.

Insider Buying and Selling

In other Hercules Capital news, CEO Scott Bluestein sold 100,000 shares of the company’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $19.59, for a total value of $1,959,000.00. Following the sale, the chief executive officer now owns 2,161,207 shares of the company’s stock, valued at approximately $42,338,045.13. This represents a 4.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.90% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company lifted their price target on Hercules Capital from $20.00 to $21.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 29th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Hercules Capital has a consensus rating of “Moderate Buy” and an average target price of $20.40.

Hercules Capital Price Performance

Shares of HTGC opened at $18.97 on Tuesday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.61 and a current ratio of 1.61. Hercules Capital, Inc. has a fifty-two week low of $15.14 and a fifty-two week high of $21.78. The firm has a 50-day simple moving average of $19.57 and a 200-day simple moving average of $19.66. The company has a market capitalization of $3.08 billion, a price-to-earnings ratio of 9.39 and a beta of 1.39.

Hercules Capital (NYSE:HTGC) last announced its earnings results on Wednesday, October 30th. The financial services provider reported $0.51 earnings per share for the quarter, meeting the consensus estimate of $0.51. Hercules Capital had a return on equity of 17.88% and a net margin of 65.07%. The company had revenue of $125.25 million for the quarter, compared to the consensus estimate of $125.80 million. During the same period last year, the business posted $0.52 EPS. On average, equities research analysts anticipate that Hercules Capital, Inc. will post 2.02 earnings per share for the current year.

Hercules Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 13th were paid a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 10.12%. The ex-dividend date was Wednesday, November 13th. Hercules Capital’s dividend payout ratio (DPR) is presently 79.21%.

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.