Morse Asset Management Inc Purchases 600 Shares of Hercules Capital, Inc. (NYSE:HTGC)

Morse Asset Management Inc boosted its position in Hercules Capital, Inc. (NYSE:HTGC) by 1.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 34,900 shares of the financial services provider’s stock after acquiring an additional 600 shares during the period. Morse Asset Management Inc’s holdings in Hercules Capital were worth $685,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in HTGC. Wedbush Securities Inc. increased its stake in Hercules Capital by 3.8% during the 2nd quarter. Wedbush Securities Inc. now owns 15,689 shares of the financial services provider’s stock valued at $321,000 after purchasing an additional 569 shares in the last quarter. RMR Wealth Builders grew its holdings in shares of Hercules Capital by 3.5% during the second quarter. RMR Wealth Builders now owns 16,997 shares of the financial services provider’s stock valued at $348,000 after buying an additional 571 shares during the last quarter. Founders Financial Alliance LLC increased its position in shares of Hercules Capital by 2.3% during the second quarter. Founders Financial Alliance LLC now owns 28,028 shares of the financial services provider’s stock worth $573,000 after acquiring an additional 627 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Hercules Capital by 2.7% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 27,319 shares of the financial services provider’s stock worth $540,000 after acquiring an additional 711 shares during the last quarter. Finally, Captrust Financial Advisors lifted its position in Hercules Capital by 3.7% in the 3rd quarter. Captrust Financial Advisors now owns 21,215 shares of the financial services provider’s stock valued at $417,000 after acquiring an additional 763 shares in the last quarter. Institutional investors and hedge funds own 19.69% of the company’s stock.

Insider Transactions at Hercules Capital

In other news, CEO Scott Bluestein sold 100,000 shares of the business’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $19.59, for a total transaction of $1,959,000.00. Following the completion of the transaction, the chief executive officer now owns 2,161,207 shares of the company’s stock, valued at approximately $42,338,045.13. The trade was a 4.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.90% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company increased their price objective on Hercules Capital from $20.00 to $21.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 29th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $20.40.

Hercules Capital Trading Up 0.3 %

NYSE:HTGC opened at $19.03 on Wednesday. The firm’s 50 day moving average is $19.56 and its 200 day moving average is $19.66. Hercules Capital, Inc. has a 12 month low of $15.14 and a 12 month high of $21.78. The stock has a market capitalization of $3.09 billion, a PE ratio of 9.42 and a beta of 1.36. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.94.

Hercules Capital (NYSE:HTGC) last released its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.51 EPS for the quarter, hitting the consensus estimate of $0.51. The company had revenue of $125.25 million during the quarter, compared to the consensus estimate of $125.80 million. Hercules Capital had a net margin of 65.07% and a return on equity of 17.88%. During the same period last year, the firm earned $0.52 EPS. Sell-side analysts expect that Hercules Capital, Inc. will post 2.02 earnings per share for the current year.

Hercules Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Wednesday, November 13th were paid a dividend of $0.48 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $1.92 annualized dividend and a yield of 10.09%. Hercules Capital’s dividend payout ratio is currently 79.21%.

Hercules Capital 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.