Tectonic Advisors LLC Has $14.30 Million Position in Hercules Capital, Inc. $HTGC

Tectonic Advisors LLC boosted its position in shares of Hercules Capital, Inc. (NYSE:HTGC) by 10.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 759,746 shares of the financial services provider’s stock after purchasing an additional 70,235 shares during the quarter. Hercules Capital accounts for about 0.8% of Tectonic Advisors LLC’s investment portfolio, making the stock its 26th biggest holding. Tectonic Advisors LLC’s holdings in Hercules Capital were worth $14,298,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Caitlin John LLC acquired a new position in Hercules Capital during the third quarter valued at approximately $29,000. Financial Consulate Inc. acquired a new position in Hercules Capital during the third quarter valued at approximately $35,000. Orion Capital Management LLC acquired a new position in Hercules Capital during the third quarter valued at approximately $38,000. Atlantic Union Bankshares Corp acquired a new position in Hercules Capital during the third quarter valued at approximately $38,000. Finally, WFA of San Diego LLC acquired a new position in Hercules Capital during the second quarter valued at approximately $55,000. Institutional investors and hedge funds own 19.69% of the company’s stock.

Hercules Capital Stock Performance

Shares of HTGC stock opened at $14.97 on Monday. The company’s fifty day simple moving average is $15.16 and its 200-day simple moving average is $17.16. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 1.03. The firm has a market cap of $2.75 billion, a PE ratio of 8.18 and a beta of 0.83. Hercules Capital, Inc. has a 12 month low of $13.70 and a 12 month high of $19.67.

Hercules Capital (NYSE:HTGC) last announced its quarterly earnings data on Thursday, February 12th. The financial services provider reported $0.48 EPS for the quarter, hitting analysts’ consensus estimates of $0.48. The business had revenue of $133.25 million for the quarter, compared to analyst estimates of $141.57 million. Hercules Capital had a net margin of 63.80% and a return on equity of 15.97%. During the same quarter in the previous year, the firm posted $0.49 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 company also recently declared a quarterly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Wednesday, February 25th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Wednesday, February 25th. Hercules Capital’s dividend payout ratio is 87.43%.

Key Stories Impacting Hercules Capital

Here are the key news stories impacting Hercules Capital this week:

• Neutral Sentiment: Piper Sandler maintained its hold rating on HTGC, signaling no change to its view of the business despite the headlines; this is a neutral read on fundamentals for investors. Piper Sandler Keeps Their Hold Rating on Hercules Capital, Inc. (HTGC)
• Negative Sentiment: Numerous plaintiff law firms (Rosen, Hagens Berman, Schall, Portnoy, Pomerantz, Gross, Bronstein Gewirtz & Grossman, Bragar Eagel & Squire, Frank R. Cruz and others) have issued investor notices and filed or urged action in a securities class action covering purchases between May 1, 2025 and Feb 27, 2026; lead-plaintiff deadlines (mid-May to late-May) are highlighted — this concentrated litigation attention follows a critical short report (“The Myth of Hercules Capital”) and is the primary near-term negative catalyst. INVESTOR NOTICE: Hercules Capital (HTGC) Investors with Substantial Losses Have Opportunity to Lead Investor Class Action– Hagens Berman
• Negative Sentiment: Piper Sandler lowered its price target on HTGC to $16.50, which may reinforce selling pressure or reduce near-term upside expectations from some investors. Piper Sandler Lowers Hercules Capital (NYSE:HTGC) Price Target to $16.50

Insider Activity

In other news, Director Thomas J. Fallon purchased 20,000 shares of the company’s stock in a transaction on Friday, February 27th. The shares were purchased at an average cost of $14.20 per share, with a total value of $284,000.00. Following the completion of the transaction, the director owned 150,369 shares of the company’s stock, valued at $2,135,239.80. The trade was a 15.34% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Scott Bluestein purchased 7,000 shares of the company’s stock in a transaction on Friday, February 27th. The shares were purchased at an average cost of $14.35 per share, for a total transaction of $100,450.00. Following the completion of the transaction, the chief executive officer directly owned 2,516,379 shares of the company’s stock, valued at approximately $36,110,038.65. This represents a 0.28% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders purchased 117,015 shares of company stock valued at $1,749,620. 1.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

HTGC has been the topic of a number of research reports. UBS Group cut their price target on shares of Hercules Capital from $19.50 to $15.00 and set a “neutral” rating on the stock in a research note on Friday, March 13th. Lucid Cap Mkts raised shares of Hercules Capital to a “strong-buy” rating in a research note on Monday, December 15th. Keefe, Bruyette & Woods cut their price target on shares of Hercules Capital from $20.00 to $19.00 and set an “outperform” rating on the stock in a research note on Friday, February 13th. Wall Street Zen lowered shares of Hercules Capital from a “buy” rating to a “hold” rating in a research note on Saturday, December 20th. Finally, Wells Fargo & Company cut their price target on shares of Hercules Capital from $18.00 to $17.00 and set an “overweight” rating on the stock in a research note on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $18.54.

Hercules Capital Company Profile

Hercules Capital, Inc is a specialty finance company organized as a business development company (BDC) that provides tailored debt financing solutions to high‐growth companies. Through its external management structure, Hercules Capital extends senior secured loans, subordinated debt and growth capital designed to support research and development, expansion initiatives and working capital needs. The firm primarily partners with venture capital and private equity sponsors to finance innovative enterprises across various developmental stages.

The company’s investment portfolio is concentrated in technology, life sciences and sustainable and renewable technology sectors, reflecting its focus on industries with strong growth prospects and recurring capital requirements.