J.M. Arbour LLC Makes New $1.31 Million Investment in Hercules Capital, Inc. $HTGC

J.M. Arbour LLC purchased a new position in shares of Hercules Capital, Inc. (NYSE:HTGC) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 69,603 shares of the financial services provider’s stock, valued at approximately $1,310,000. Hercules Capital comprises about 1.3% of J.M. Arbour LLC’s portfolio, making the stock its 24th biggest position.

Other large investors have also recently bought and sold shares of the company. Caitlin John LLC acquired a new position in Hercules Capital during the 3rd quarter worth approximately $29,000. Financial Consulate Inc. acquired a new position in Hercules Capital during the 3rd quarter worth approximately $35,000. Orion Capital Management LLC acquired a new position in Hercules Capital during the 3rd quarter worth approximately $38,000. Atlantic Union Bankshares Corp acquired a new position in Hercules Capital during the 3rd quarter worth approximately $38,000. Finally, WFA of San Diego LLC acquired a new position in Hercules Capital during the 2nd quarter worth approximately $55,000. Institutional investors and hedge funds own 19.69% of the company’s stock.

Hercules Capital Stock Down 0.4%

HTGC opened at $15.61 on Friday. Hercules Capital, Inc. has a 1-year low of $13.70 and a 1-year high of $19.67. The stock’s fifty day simple moving average is $15.02 and its 200 day simple moving average is $17.09. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 1.03. The stock has a market cap of $2.87 billion, a PE ratio of 8.53 and a beta of 0.83.

Hercules Capital (NYSE:HTGC) last posted its quarterly earnings results on Thursday, February 12th. The financial services provider reported $0.48 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.48. Hercules Capital had a return on equity of 15.97% and a net margin of 63.80%.The business had revenue of $133.25 million for the quarter, compared to analysts’ expectations of $141.57 million. During the same quarter in the prior year, the business earned $0.49 EPS. As a group, research 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 declared a quarterly dividend, which was paid on Wednesday, March 4th. Investors of record on Wednesday, February 25th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Wednesday, February 25th. Hercules Capital’s dividend payout ratio is 87.43%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Weiss Ratings downgraded Hercules Capital from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, February 24th. UBS Group cut their price objective on Hercules Capital from $19.50 to $15.00 and set a “neutral” rating for the company in a report on Friday, March 13th. Piper Sandler cut their price objective on Hercules Capital from $17.50 to $16.50 and set a “neutral” rating for the company in a report on Tuesday, April 7th. Wall Street Zen downgraded Hercules Capital from a “buy” rating to a “hold” rating in a report on Saturday, December 20th. Finally, Wells Fargo & Company cut their price objective on Hercules Capital from $18.00 to $17.00 and set an “overweight” rating for the company in a report on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $18.38.

Trending Headlines about Hercules Capital

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

• Positive Sentiment: Keefe, Bruyette & Woods lowered its price target on HTGC from $19.00 to $18.00 but maintained an “outperform” rating, implying meaningful upside from current levels and signaling continued analyst confidence in the name. KBW Lowers Price Target
• Neutral Sentiment: Multiple plaintiff law firms are circulating investor alerts and reminding shareholders of a May 19, 2026 lead‑plaintiff deadline — procedural notices that increase awareness and potential participation in litigation but do not themselves change the merits of claims. Glancy Prongay Wolke & Rotter Deadline Alert
• Negative Sentiment: Hercules is facing a securities class action that follows a critical Hunterbrook Media report alleging the company copied Google Ventures’ sourcing and misstated its practices; the suit covers purchases from May 1, 2025 through Feb 27, 2026 — heightened legal risk and reputational damage that can pressure the share price. Hagens Berman Class Action Alert
• Negative Sentiment: A report and related filings allege Hercules misclassified software‑related portfolio exposure (concealing concentration and distressed valuations), claims that—if substantiated—could require portfolio write‑downs or reclassification and further erode investor confidence. SueWallSt Alleged Misclassification
• Negative Sentiment: PR notices from plaintiffs’ firms cite a corrective disclosure that reportedly erased about $1.22 per share in value after February 26, 2026 and quantify alleged investor damages — a concrete damage estimate that can increase settlement pressure and promote investor selling. Levi & Korsinsky Investor Alert

Insider Activity

In other news, Director Thomas J. Fallon acquired 20,000 shares of the stock in a transaction on Tuesday, February 17th. The shares were purchased at an average price of $15.88 per share, for a total transaction of $317,600.00. Following the transaction, the director directly owned 120,369 shares of the company’s stock, valued at approximately $1,911,459.72. This represents a 19.93% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Nikos Theodosopoulos acquired 6,165 shares of the stock in a transaction on Tuesday, February 17th. The shares were purchased at an average price of $15.93 per share, for a total transaction of $98,208.45. Following the transaction, the director directly owned 18,923 shares in the company, valued at approximately $301,443.39. This trade represents a 48.32% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders have purchased 117,015 shares of company stock worth $1,749,620. Corporate insiders own 1.80% of the company’s stock.

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.