SVB Wealth LLC Grows Position in Hercules Capital, Inc. (NYSE:HTGC)

SVB Wealth LLC lifted its holdings in shares of Hercules Capital, Inc. (NYSE:HTGC) by 11.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 74,141 shares of the financial services provider’s stock after buying an additional 7,569 shares during the period. SVB Wealth LLC’s holdings in Hercules Capital were worth $1,368,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Sound Income Strategies LLC increased its position in Hercules Capital by 2.9% during the first quarter. Sound Income Strategies LLC now owns 2,654,119 shares of the financial services provider’s stock worth $48,968,000 after buying an additional 73,747 shares in the last quarter. Van ECK Associates Corp lifted its stake in shares of Hercules Capital by 4.6% during the first quarter. Van ECK Associates Corp now owns 2,525,848 shares of the financial services provider’s stock worth $46,602,000 after purchasing an additional 111,101 shares in the last quarter. International Assets Investment Management LLC boosted its position in shares of Hercules Capital by 1,567.0% in the fourth quarter. International Assets Investment Management LLC now owns 1,345,736 shares of the financial services provider’s stock worth $22,433,000 after buying an additional 1,265,008 shares during the period. Melia Wealth LLC grew its stake in shares of Hercules Capital by 5.5% in the first quarter. Melia Wealth LLC now owns 691,540 shares of the financial services provider’s stock valued at $12,759,000 after buying an additional 36,325 shares in the last quarter. Finally, Muzinich & Co. Inc. raised its holdings in shares of Hercules Capital by 1.9% during the 4th quarter. Muzinich & Co. Inc. now owns 378,292 shares of the financial services provider’s stock valued at $6,306,000 after buying an additional 6,914 shares during the period. 19.69% of the stock is currently owned by hedge funds and other institutional investors.

Hercules Capital Stock Performance

Shares of HTGC traded up $0.23 during mid-day trading on Tuesday, hitting $21.54. The stock had a trading volume of 223,713 shares, compared to its average volume of 889,249. Hercules Capital, Inc. has a fifty-two week low of $15.02 and a fifty-two week high of $21.61. The company has a quick ratio of 2.47, a current ratio of 2.47 and a debt-to-equity ratio of 0.93. The company has a market cap of $3.49 billion, a PE ratio of 9.69 and a beta of 1.39. The company’s fifty day simple moving average is $20.32 and its two-hundred day simple moving average is $18.98.

Hercules Capital (NYSE:HTGC) last released its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. The firm had revenue of $121.55 million during the quarter, compared to the consensus estimate of $121.86 million. Hercules Capital had a net margin of 69.98% and a return on equity of 18.35%. The firm’s revenue was up 15.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.47 earnings per share. On average, equities analysts expect that Hercules Capital, Inc. will post 2.06 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Keefe, Bruyette & Woods increased their price objective on shares of Hercules Capital from $18.00 to $19.00 and gave the company a “market perform” rating in a research report on Friday, May 3rd. JMP Securities lifted their target price on Hercules Capital from $19.00 to $20.00 and gave the stock a “market outperform” rating in a research report on Friday, May 3rd. Piper Sandler increased their price target on Hercules Capital from $21.50 to $22.00 and gave the company an “overweight” rating in a report on Wednesday, July 10th. Finally, Wells Fargo & Company raised their price objective on Hercules Capital from $20.00 to $22.00 and gave the company an “overweight” rating in a research note on Friday. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Hercules Capital currently has an average rating of “Hold” and an average price target of $18.88.

Insiders Place Their Bets

In other news, Director Robert P. Badavas sold 1,700 shares of the company’s stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $19.60, for a total transaction of $33,320.00. Following the completion of the transaction, the director now directly owns 4,234 shares of the company’s stock, valued at $82,986.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Robert P. Badavas sold 13,300 shares of the stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $19.69, for a total value of $261,877.00. Following the sale, the director now owns 4,234 shares of the company’s stock, valued at approximately $83,367.46. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Robert P. Badavas sold 1,700 shares of the business’s stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $19.60, for a total transaction of $33,320.00. Following the transaction, the director now directly owns 4,234 shares of the company’s stock, valued at $82,986.40. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by corporate insiders.

About Hercules Capital

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.