Sigma Planning Corp Acquires 2,980 Shares of Hercules Capital, Inc. $HTGC

Sigma Planning Corp grew its stake in shares of Hercules Capital, Inc. (NYSE:HTGC) by 6.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 49,791 shares of the financial services provider’s stock after purchasing an additional 2,980 shares during the quarter. Sigma Planning Corp’s holdings in Hercules Capital were worth $910,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Dakota Wealth Management lifted its holdings in Hercules Capital by 1.6% during the 2nd quarter. Dakota Wealth Management now owns 37,985 shares of the financial services provider’s stock valued at $694,000 after buying an additional 600 shares in the last quarter. CWM LLC grew its stake in Hercules Capital by 79.6% in the 2nd quarter. CWM LLC now owns 1,381 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 612 shares in the last quarter. Graypoint LLC increased its position in shares of Hercules Capital by 0.4% during the first quarter. Graypoint LLC now owns 165,597 shares of the financial services provider’s stock worth $3,181,000 after acquiring an additional 694 shares during the period. MAS Advisors LLC raised its stake in shares of Hercules Capital by 3.6% during the second quarter. MAS Advisors LLC now owns 20,992 shares of the financial services provider’s stock valued at $384,000 after acquiring an additional 728 shares in the last quarter. Finally, Abundance Wealth Counselors raised its stake in shares of Hercules Capital by 1.3% during the second quarter. Abundance Wealth Counselors now owns 58,923 shares of the financial services provider’s stock valued at $1,077,000 after acquiring an additional 768 shares in the last quarter. Hedge funds and other institutional investors own 19.69% of the company’s stock.

Insiders Place Their Bets

In other news, Director Gayle A. Crowell purchased 6,000 shares of the business’s stock in a transaction on Monday, November 3rd. The shares were acquired at an average cost of $17.77 per share, with a total value of $106,620.00. Following the completion of the acquisition, the director owned 78,727 shares of the company’s stock, valued at $1,398,978.79. This trade represents a 8.25% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.80% of the stock is currently owned by company insiders.

Hercules Capital Trading Down 1.6%

Shares of NYSE HTGC opened at $17.80 on Friday. Hercules Capital, Inc. has a 1-year low of $15.65 and a 1-year high of $22.04. The business has a fifty day moving average price of $18.43 and a 200 day moving average price of $18.40. The stock has a market capitalization of $3.23 billion, a P/E ratio of 11.78 and a beta of 0.95. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.68 and a quick ratio of 1.68.

Hercules Capital (NYSE:HTGC) last announced its earnings results on Thursday, October 30th. The financial services provider reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. The business had revenue of $138.09 million during the quarter, compared to the consensus estimate of $136.95 million. Hercules Capital had a net margin of 51.46% and a return on equity of 16.54%. During the same period in the previous year, the company posted $0.51 earnings per share. Equities research analysts expect that Hercules Capital, Inc. will post 1.96 EPS for the current fiscal year.

Hercules Capital Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 19th. Investors of record on Wednesday, November 12th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Wednesday, November 12th. This represents a $1.60 dividend on an annualized basis and a yield of 9.0%. Hercules Capital’s dividend payout ratio is presently 93.02%.

Analyst Ratings Changes

Several research analysts recently issued reports on HTGC shares. Weiss Ratings reissued a “buy (b-)” rating on shares of Hercules Capital in a research note on Friday, October 31st. Piper Sandler dropped their price target on Hercules Capital from $21.00 to $20.50 and set an “overweight” rating on the stock in a research report on Thursday, October 9th. Citigroup restated an “outperform” rating on shares of Hercules Capital in a research note on Monday, August 4th. JMP Securities upped their price objective on shares of Hercules Capital from $22.00 to $24.00 and gave the stock a “market outperform” rating in a research note on Monday, August 4th. Finally, 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. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $20.42.

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.