Sound Income Strategies LLC Sells 49,592 Shares of Hercules Capital, Inc. $HTGC

Sound Income Strategies LLC decreased its holdings in shares of Hercules Capital, Inc. (NYSE:HTGC) by 1.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 2,703,275 shares of the financial services provider’s stock after selling 49,592 shares during the period. Hercules Capital makes up approximately 2.4% of Sound Income Strategies LLC’s investment portfolio, making the stock its 3rd largest holding. Sound Income Strategies LLC’s holdings in Hercules Capital were worth $51,119,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC increased its position in Hercules Capital by 173.3% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 89,575 shares of the financial services provider’s stock worth $1,605,000 after purchasing an additional 56,797 shares during the period. International Assets Investment Management LLC increased its position in Hercules Capital by 308.9% during the 3rd quarter. International Assets Investment Management LLC now owns 79,555 shares of the financial services provider’s stock worth $1,493,000 after purchasing an additional 60,100 shares during the period. Tred Avon Family Wealth LLC acquired a new position in Hercules Capital during the 3rd quarter worth approximately $1,042,000. Sumitomo Mitsui Trust Group Inc. increased its position in Hercules Capital by 42.3% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 884,946 shares of the financial services provider’s stock worth $16,734,000 after purchasing an additional 263,222 shares during the period. Finally, Muzinich & Co. Inc. increased its position in Hercules Capital by 34.5% during the 3rd 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 period. Institutional investors and hedge funds own 19.69% of the company’s stock.

Insider Transactions at Hercules Capital

In related news, Director Paramjeet K. Randhawa bought 3,050 shares of Hercules Capital stock in a transaction that occurred on Wednesday, March 4th. The shares were purchased at an average price of $14.78 per share, with a total value of $45,079.00. Following the purchase, the director owned 19,560 shares in the company, valued at $289,096.80. This represents a 18.47% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Scott Bluestein bought 7,000 shares of Hercules Capital stock in a transaction that occurred on Friday, February 27th. The stock was bought at an average cost of $14.35 per share, for a total transaction of $100,450.00. Following the purchase, the chief executive officer owned 2,516,379 shares in the company, valued at $36,110,038.65. This represents a 0.28% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought 117,015 shares of company stock worth $1,749,620 in the last quarter. Insiders own 1.80% of the company’s stock.

Hercules Capital Stock Performance

HTGC opened at $15.16 on Tuesday. The stock has a market cap of $2.79 billion, a P/E ratio of 8.29 and a beta of 0.83. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.48 and a quick ratio of 1.48. The stock’s 50 day simple moving average is $15.46 and its 200 day simple moving average is $17.28. Hercules Capital, Inc. has a 1-year low of $13.70 and a 1-year high of $19.67.

Hercules Capital (NYSE:HTGC) last released its quarterly earnings results on Thursday, February 12th. The financial services provider reported $0.48 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.48. The business had revenue of $133.25 million for the quarter, compared to analysts’ expectations of $141.57 million. Hercules Capital had a return on equity of 15.97% and a net margin of 63.80%.During the same quarter in the prior year, the firm posted $0.49 EPS. As a group, equities analysts anticipate that Hercules Capital, Inc. will post 1.96 EPS for the current fiscal year.

Hercules Capital Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 4th. Investors of record on Wednesday, February 25th were paid a $0.07 dividend. The ex-dividend date of this dividend was Wednesday, February 25th. This represents a $0.28 dividend on an annualized basis and a yield of 1.8%. Hercules Capital’s dividend payout ratio is presently 87.43%.

More Hercules Capital News

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

• Positive Sentiment: Hercules said it set an all‑time record of $1.81 billion in new debt and equity commitments in Q1 2026, signaling strong origination momentum and potential future fee/interest income growth. Business Wire: Record Commitments
• Positive Sentiment: Analyst/commentary pieces highlight that HTGC shares have traded down substantially over the past year, now yield in the low double digits and show recent insider buying — factors that can attract income‑oriented buyers at depressed valuations. Seeking Alpha: Cheap With Caveats
• Neutral Sentiment: Broader financial sector strength is modestly supportive; financial stocks were reported edging higher in premarket trade, which can lift bank/BDC sentiment. Yahoo Finance: Sector Update
• Neutral Sentiment: Market coverage noted HTGC outpaced market gains today, reflecting the net effect of the record‑commitments news plus sector moves and headline flow. Zacks: Outpaces Market
• Negative Sentiment: Multiple securities class‑action lawsuits and law‑firm notices were filed or announced today alleging disclosure/ fraud issues tied to prior reporting about Hercules’ sourcing and practices. Several firms (Hagens Berman, Bronstein Gewirtz & Grossman, DJS, Schall, Rosen, Faruqi & Faruqi, etc.) are soliciting plaintiffs; the lead‑plaintiff deadline cited is May 19, 2026. These legal actions create headline risk, potential litigation costs and uncertainty that can pressure the stock. GlobeNewswire: Hagens Berman Alert PR Newswire: DJS Notice

Analyst Upgrades and Downgrades

HTGC has been the topic of several recent analyst reports. Capital One Financial set a $19.75 target price on Hercules Capital in a research report on Monday, December 15th. Weiss Ratings cut Hercules Capital from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, February 24th. Piper Sandler cut Hercules Capital from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $20.50 to $17.50 in a report on Friday, February 13th. UBS Group lowered their price target on Hercules Capital from $19.50 to $15.00 and set a “neutral” rating on the stock in a report on Friday, March 13th. Finally, Wells Fargo & Company lowered their price target on Hercules Capital from $18.00 to $17.00 and set an “overweight” rating on the stock in a report on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Hercules Capital presently has an average rating of “Moderate Buy” and a consensus price target of $18.71.

About Hercules Capital

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.