The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Hercules Capital Inc. shares valued at $6,247 were purchased by Follmann Christian on May 24. At $13.73 per share, Follmann Christian acquired 455 shares. The insider’s holdings grew to 72,634 shares worth approximately $1.02 million following the completion of this transaction.
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Also, Follmann Christian sold 455 shares, netting a total of over 6,243 in proceeds. Following the sale of shares at $13.72 each, the insider now holds 72,179 shares.
Before that, CROWELL GAYLE A had added 7,200 shares to its account. In a trade valued at $98,352, the Director bought Hercules Capital Inc. shares for $13.66 each. Upon closing the transaction, the insider’s holdings increased to 7,200 shares, worth approximately $0.55 million.
Analyzing HTGC Stock Performance
On Thursday, Hercules Capital Inc. [NYSE: HTGC] rose 1.29% to $14.11. The stock’s lowest price that day was $13.835, but it reached a high of $14.18 in the same session. During the last five days, there has been a surge of approximately 4.83%. Over the course of the year, Hercules Capital Inc. shares have jumped approximately 7.92%. Shares of the company reached a 52-week high of $16.28 on 02/17/23 and a 52-week low of $10.94 on 03/13/23. A 50-day SMA is recorded $12.96, while a 200-day SMA reached $13.69. Nevertheless, trading volume fell to 1.26 million shares from 1.74 million shares the previous day.
Support And Resistance Levels for Hercules Capital Inc. (HTGC)
According to the 24-hour chart, there is a support level at 13.90, which, if violated, would cause prices to drop to 13.70. In the upper region, resistance lies at 14.25. The next price resistance is at 14.39. RSI (Relative Strength Index) is 64.29 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.34, which suggests the price will decrease in the coming days. Percent R is at 5.98%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
Is Hercules Capital Inc. subject to short interest?
Stocks of Hercules Capital Inc. saw a sharp rise in short interest on May 14, 2023 jumping by 2.53 million shares to 12.13 million. Data from Yahoo Finance shows that the short interest on Apr 13, 2023 was 9.6 million shares. A jump of 20.86% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 7.03 of the overall float, the days-to-cover ratio (short ratio) jumped to 7.03.
Which companies own the most shares of Hercules Capital Inc. (HTGC)?
According to Kingdom Holding Co. filings, the company currently owns 9,411,490 shares, which is about 6.90% of the total HTGC shares outstanding. With the completion of the sale transaction, Sound Income Strategies LLC’s stake is now worth $31,514,920. Van Eck Associates Corp. acquire a 1.03% interest valued at $23.67 million while T. Rowe Price Investment Manageme purchased a 23,126 stake. A total of 66,155 shares of Hercules Capital Inc. were bought by Advisors Capital Management LLC during the quarter, and 34,878 were bought by Legal & General Investment Manage. In its current portfolio, Raymond James & Associates, Inc. holds 868,224 shares valued at $11.5 million.