Hercules Capital, Inc. (NYSE:HTGC) Shares Acquired by ORG Partners LLC

ORG Partners LLC raised its position in shares of Hercules Capital, Inc. (NYSE:HTGC) by 37.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,756 shares of the financial services provider’s stock after acquiring an additional 3,181 shares during the quarter. ORG Partners LLC’s holdings in Hercules Capital were worth $225,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Ameriflex Group Inc. acquired a new position in shares of Hercules Capital during the fourth quarter valued at approximately $29,000. Estabrook Capital Management raised its holdings in shares of Hercules Capital by 239.0% during the fourth quarter. Estabrook Capital Management now owns 1,878 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 1,324 shares during the last quarter. Quarry LP acquired a new position in shares of Hercules Capital during the fourth quarter valued at approximately $48,000. Point72 Hong Kong Ltd acquired a new position in shares of Hercules Capital during the fourth quarter valued at approximately $80,000. Finally, Jones Financial Companies Lllp increased its holdings in shares of Hercules Capital by 199.6% in the fourth quarter. Jones Financial Companies Lllp now owns 4,042 shares of the financial services provider’s stock valued at $81,000 after purchasing an additional 2,693 shares during the last quarter. Institutional investors and hedge funds own 19.69% of the company’s stock.

Insider Buying and Selling

In other news, Director Nikos Theodosopoulos purchased 5,999 shares of the stock in a transaction dated Thursday, May 8th. The stock was acquired at an average cost of $17.49 per share, for a total transaction of $104,922.51. Following the completion of the transaction, the director now directly owns 11,960 shares in the company, valued at approximately $209,180.40. This represents a 100.64% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 1.90% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms recently commented on HTGC. Wells Fargo & Company cut their price target on Hercules Capital from $21.00 to $19.00 and set an “overweight” rating for the company in a report on Monday, April 28th. Keefe, Bruyette & Woods cut their price target on Hercules Capital from $21.50 to $20.50 and set an “outperform” rating for the company in a report on Tuesday, April 8th. Piper Sandler cut their price target on Hercules Capital from $23.00 to $20.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. Finally, UBS Group cut their price target on Hercules Capital from $20.00 to $18.00 and set a “neutral” rating for the company in a report on Thursday, April 17th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $19.92.

Hercules Capital Price Performance

NYSE:HTGC opened at $18.01 on Friday. The stock has a market cap of $3.16 billion, a PE ratio of 13.54 and a beta of 0.93. Hercules Capital, Inc. has a one year low of $15.65 and a one year high of $22.04. The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.38 and a current ratio of 2.38. The stock has a 50 day moving average price of $17.70 and a 200 day moving average price of $19.02.

Hercules Capital (NYSE:HTGC) last issued its quarterly earnings data on Thursday, May 1st. The financial services provider reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.01). The business had revenue of $102.10 million during the quarter, compared to analysts’ expectations of $125.43 million. Hercules Capital had a return on equity of 16.84% and a net margin of 45.23%. The company’s revenue was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.50 earnings per share. Equities research analysts expect that Hercules Capital, Inc. will post 1.96 EPS for the current fiscal year.

Hercules Capital Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 20th. Investors of record on Tuesday, May 13th were given a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a $1.60 annualized dividend and a yield of 8.89%. Hercules Capital’s payout ratio is 120.30%.

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.