International Assets Investment Management LLC Has $1.49 Million Stock Holdings in Hercules Capital, Inc. $HTGC

International Assets Investment Management LLC raised its stake in Hercules Capital, Inc. (NYSE:HTGC) by 308.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,555 shares of the financial services provider’s stock after buying an additional 60,100 shares during the period. International Assets Investment Management LLC’s holdings in Hercules Capital were worth $1,493,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Tectonic Advisors LLC grew its position in Hercules Capital by 16.9% during the 2nd quarter. Tectonic Advisors LLC now owns 621,562 shares of the financial services provider’s stock worth $11,362,000 after acquiring an additional 89,770 shares during the last quarter. Sound Income Strategies LLC boosted its stake in shares of Hercules Capital by 1.9% during the second quarter. Sound Income Strategies LLC now owns 2,930,340 shares of the financial services provider’s stock valued at $53,567,000 after purchasing an additional 55,885 shares in the last quarter. Tred Avon Family Wealth LLC acquired a new stake in shares of Hercules Capital during the third quarter valued at about $1,042,000. Muzinich & Co. Inc. grew its holdings in shares of Hercules Capital by 34.5% during the third quarter. Muzinich & Co. Inc. now owns 992,820 shares of the financial services provider’s stock worth $18,774,000 after purchasing an additional 254,651 shares during the last quarter. Finally, Sage Advisors LLC acquired a new position in shares of Hercules Capital in the third quarter valued at approximately $1,097,000. Institutional investors own 19.69% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. UBS Group cut their target price on shares of Hercules Capital from $19.00 to $18.50 and set a “neutral” rating on the stock in a research report on Tuesday, October 14th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Hercules Capital in a research note on Friday, October 31st. Piper Sandler reduced their price objective on shares of Hercules Capital from $21.00 to $20.50 and set an “overweight” rating on the stock in a research note on Thursday, October 9th. Lucid Cap Mkts upgraded Hercules Capital to a “strong-buy” rating in a report on Monday, December 15th. Finally, Wall Street Zen downgraded Hercules Capital from a “buy” rating to a “hold” rating in a report on Saturday, December 20th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $20.32.

Insider Buying and Selling

In other Hercules Capital news, Director Gayle A. Crowell bought 6,000 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The stock was acquired at an average price of $17.77 per share, with a total value of $106,620.00. Following the completion of the purchase, the director directly owned 78,727 shares of the company’s stock, valued at approximately $1,398,978.79. This trade represents a 8.25% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 1.80% of the stock is owned by corporate insiders.

Hercules Capital Trading Down 0.8%

NYSE:HTGC opened at $18.63 on Friday. Hercules Capital, Inc. has a 52 week low of $15.65 and a 52 week high of $22.04. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.65 and a current ratio of 1.65. The firm’s fifty day moving average is $18.48 and its 200-day moving average is $18.62. The firm has a market cap of $3.38 billion, a P/E ratio of 10.83 and a beta of 0.84.

Hercules Capital (NYSE:HTGC) last released its earnings results on Thursday, October 30th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.01. The business had revenue of $138.09 million for the quarter, compared to analyst estimates of $136.95 million. Hercules Capital had a net margin of 60.05% and a return on equity of 16.13%. During the same quarter in the previous year, the business earned $0.51 earnings per share. Equities analysts expect that Hercules Capital, Inc. will post 1.96 earnings per share for the current year.

Hercules Capital Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 19th. Investors of record on Wednesday, November 12th were given a dividend of $0.40 per share. The ex-dividend date was Wednesday, November 12th. This represents a $1.60 annualized dividend and a dividend yield of 8.6%. Hercules Capital’s dividend payout ratio is presently 93.02%.

Hercules Capital 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.