Morse Asset Management Inc Raises Stake in Hercules Capital, Inc. (NYSE:HTGC)

Morse Asset Management Inc increased its holdings in Hercules Capital, Inc. (NYSE:HTGC) by 1.7% in the third quarter, Holdings Channel.com reports. The firm owned 34,900 shares of the financial services provider’s stock after acquiring an additional 600 shares during the period. Morse Asset Management Inc’s holdings in Hercules Capital were worth $685,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in HTGC. HHM Wealth Advisors LLC bought a new stake in shares of Hercules Capital in the 2nd quarter valued at about $31,000. Kathleen S. Wright Associates Inc. bought a new position in shares of Hercules Capital in the third quarter worth approximately $31,000. Farther Finance Advisors LLC raised its holdings 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 buying an additional 2,386 shares during the last quarter. Hexagon Capital Partners LLC increased its holdings in Hercules Capital by 38.8% during the 2nd quarter. Hexagon Capital Partners LLC now owns 4,994 shares of the financial services provider’s stock valued at $102,000 after purchasing an additional 1,395 shares during the period. Finally, Armstrong Advisory Group Inc. raised its holdings in shares of Hercules Capital by 198.9% during the third quarter. Armstrong Advisory Group Inc. now owns 5,380 shares of the financial services provider’s stock valued at $106,000 after acquiring an additional 3,580 shares in the last quarter. Hedge funds and other institutional investors own 19.69% of the company’s stock.

Analyst Ratings Changes

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

Hercules Capital Stock Up 0.3 %

NYSE:HTGC opened at $19.03 on Wednesday. Hercules Capital, Inc. has a 1-year low of $15.14 and a 1-year high of $21.78. The company has a market capitalization of $3.09 billion, a PE ratio of 9.42 and a beta of 1.36. The firm’s 50-day moving average price is $19.56 and its 200-day moving average price is $19.66. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.61 and a quick ratio of 1.61.

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

Hercules Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 13th were given a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 10.09%. The ex-dividend date of this dividend was Wednesday, November 13th. Hercules Capital’s dividend payout ratio is presently 79.21%.

Insider Buying and Selling

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

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.