Dark Forest Capital Management LP Takes $391,000 Position in Hercules Capital, Inc. (NYSE:HTGC)

Dark Forest Capital Management LP acquired a new position in shares of Hercules Capital, Inc. (NYSE:HTGC - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 19,462 shares of the financial services provider's stock, valued at approximately $391,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Avior Wealth Management LLC increased its stake in Hercules Capital by 177.2% during the fourth quarter. Avior Wealth Management LLC now owns 1,802 shares of the financial services provider's stock worth $36,000 after acquiring an additional 1,152 shares during the last quarter. Estabrook Capital Management increased its position in shares of Hercules Capital by 239.0% during the 4th quarter. Estabrook Capital Management now owns 1,878 shares of the financial services provider's stock worth $38,000 after purchasing an additional 1,324 shares during the last quarter. Archer Investment Corp raised its holdings in Hercules Capital by 345.4% in the 4th quarter. Archer Investment Corp now owns 2,325 shares of the financial services provider's stock valued at $47,000 after buying an additional 1,803 shares during the period. Jones Financial Companies Lllp lifted its position in Hercules Capital by 199.6% in the fourth quarter. Jones Financial Companies Lllp now owns 4,042 shares of the financial services provider's stock valued at $81,000 after buying an additional 2,693 shares during the last quarter. Finally, Signaturefd LLC boosted its stake in Hercules Capital by 86.6% during the fourth quarter. Signaturefd LLC now owns 6,634 shares of the financial services provider's stock worth $133,000 after buying an additional 3,079 shares during the period. Institutional investors and hedge funds own 19.69% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on HTGC. JMP Securities reaffirmed a "market outperform" rating and set a $22.00 price objective on shares of Hercules Capital in a research report on Friday, February 14th. Wells Fargo & Company dropped their price objective on Hercules Capital from $21.00 to $19.00 and set an "overweight" rating for the company in a research note on Monday. UBS Group lowered their target price on Hercules Capital from $20.00 to $18.00 and set a "neutral" rating for the company in a report on Thursday, April 17th. Piper Sandler cut their price target on shares of Hercules Capital from $23.00 to $20.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of Hercules Capital from $21.50 to $20.50 and set an "outperform" rating for the company in a research note on Tuesday, April 8th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $19.92.

Hercules Capital Stock Down 0.9 %

Shares of Hercules Capital stock traded down $0.16 on Friday, reaching $17.65. 1,620,707 shares of the company were exchanged, compared to its average volume of 1,067,611. The stock's 50 day moving average price is $18.43 and its 200-day moving average price is $19.45. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.72 and a quick ratio of 2.72. Hercules Capital, Inc. has a 1-year low of $15.65 and a 1-year high of $22.04. The company has a market cap of $3.10 billion, a P/E ratio of 10.96 and a beta of 1.13.

Hercules Capital (NYSE:HTGC - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The financial services provider reported $0.45 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.01). Hercules Capital had a return on equity of 17.19% and a net margin of 53.28%. The firm had revenue of $102.10 million for the quarter, compared to analyst estimates of $125.43 million. During the same quarter last year, the firm earned $0.50 EPS. The company's revenue was down 1.6% on a year-over-year basis. As a group, equities analysts forecast that Hercules Capital, Inc. will post 1.96 EPS for the current year.

Hercules Capital Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 20th. Investors of record on Tuesday, May 13th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 9.07%. The ex-dividend date of this dividend is Tuesday, May 13th. Hercules Capital's payout ratio is 99.38%.

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.