Tectonic Advisors LLC Acquires 70,235 Shares of Hercules Capital, Inc. $HTGC

Tectonic Advisors LLC lifted its holdings in shares of Hercules Capital, Inc. (NYSE:HTGC) by 10.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 759,746 shares of the financial services provider’s stock after acquiring an additional 70,235 shares during the period. Hercules Capital makes up about 0.8% of Tectonic Advisors LLC’s investment portfolio, making the stock its 26th biggest position. Tectonic Advisors LLC owned 0.42% of Hercules Capital worth $14,298,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Caitlin John LLC bought a new position in shares of Hercules Capital during the 3rd quarter worth about $29,000. Financial Consulate Inc. bought a new position in shares of Hercules Capital during the 3rd quarter worth about $35,000. Orion Capital Management LLC bought a new position in shares of Hercules Capital during the 3rd quarter worth about $38,000. Atlantic Union Bankshares Corp bought a new position in shares of Hercules Capital during the 3rd quarter worth about $38,000. Finally, WFA of San Diego LLC bought a new position in shares of Hercules Capital during the 2nd quarter worth about $55,000. 19.69% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

HTGC has been the subject of a number of analyst reports. Lucid Cap Mkts raised shares of Hercules Capital to a “strong-buy” rating in a report on Monday, December 15th. Keefe, Bruyette & Woods cut their price target on shares of Hercules Capital from $20.00 to $19.00 and set an “outperform” rating for the company in a report on Friday, February 13th. Wells Fargo & Company cut their price target on shares of Hercules Capital from $18.00 to $17.00 and set an “overweight” rating for the company in a report on Friday, February 13th. Capital One Financial set a $19.75 price target on shares of Hercules Capital in a report on Monday, December 15th. Finally, Wall Street Zen downgraded shares of Hercules Capital from a “buy” rating to a “hold” rating in a report on Saturday, December 20th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $18.54.

Trending Headlines about Hercules Capital

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

• Neutral Sentiment: Piper Sandler maintained its hold rating on HTGC, signaling no change to its view of the business despite the headlines; this is a neutral read on fundamentals for investors. Piper Sandler Keeps Their Hold Rating on Hercules Capital, Inc. (HTGC)
• Negative Sentiment: Numerous plaintiff law firms (Rosen, Hagens Berman, Schall, Portnoy, Pomerantz, Gross, Bronstein Gewirtz & Grossman, Bragar Eagel & Squire, Frank R. Cruz and others) have issued investor notices and filed or urged action in a securities class action covering purchases between May 1, 2025 and Feb 27, 2026; lead-plaintiff deadlines (mid-May to late-May) are highlighted — this concentrated litigation attention follows a critical short report (“The Myth of Hercules Capital”) and is the primary near-term negative catalyst. INVESTOR NOTICE: Hercules Capital (HTGC) Investors with Substantial Losses Have Opportunity to Lead Investor Class Action– Hagens Berman
• Negative Sentiment: Piper Sandler lowered its price target on HTGC to $16.50, which may reinforce selling pressure or reduce near-term upside expectations from some investors. Piper Sandler Lowers Hercules Capital (NYSE:HTGC) Price Target to $16.50

Hercules Capital Trading Up 0.2%

HTGC opened at $14.97 on Monday. 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 capitalization of $2.75 billion, a PE ratio of 8.18 and a beta of 0.83. Hercules Capital, Inc. has a 1-year low of $13.70 and a 1-year high of $19.67. The firm has a 50-day moving average price of $15.16 and a two-hundred day moving average price of $17.16.

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

Hercules Capital Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Wednesday, February 25th were given a dividend of $0.07 per share. The ex-dividend date was Wednesday, February 25th. This represents a $0.28 annualized dividend and a dividend yield of 1.9%. Hercules Capital’s payout ratio is currently 87.43%.

Insider Activity at Hercules Capital

In other Hercules Capital news, Director Paramjeet K. Randhawa purchased 3,050 shares of the stock in a transaction dated Wednesday, March 4th. The stock was bought at an average price of $14.78 per share, for a total transaction of $45,079.00. Following the transaction, the director directly 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 purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Seth H. Meyer purchased 7,000 shares of the stock in a transaction dated Friday, February 27th. The shares were acquired at an average price of $14.33 per share, with a total value of $100,310.00. Following the transaction, the chief financial officer owned 448,553 shares in the company, valued at $6,427,764.49. This trade represents a 1.59% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have acquired 117,015 shares of company stock worth $1,749,620 over the last 90 days. Insiders own 1.80% of the company’s stock.

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.