Sharpepoint LLC Purchases New Holdings in Hercules Capital, Inc. (NYSE:HTGC)

Sharpepoint LLC bought a new stake in Hercules Capital, Inc. (NYSE:HTGC - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 65,125 shares of the financial services provider's stock, valued at approximately $1,308,000. Hercules Capital accounts for approximately 1.2% of Sharpepoint LLC's investment portfolio, making the stock its 29th largest holding.

Several other large investors have also modified their holdings of HTGC. Morse Asset Management Inc boosted its holdings in Hercules Capital by 1.7% in the 3rd quarter. Morse Asset Management Inc now owns 34,900 shares of the financial services provider's stock valued at $685,000 after purchasing an additional 600 shares in the last quarter. MML Investors Services LLC boosted its stake in shares of Hercules Capital by 7.5% in the third quarter. MML Investors Services LLC now owns 26,521 shares of the financial services provider's stock valued at $521,000 after buying an additional 1,851 shares in the last quarter. Virtu Financial LLC grew its holdings in Hercules Capital by 97.5% during the third quarter. Virtu Financial LLC now owns 19,275 shares of the financial services provider's stock worth $379,000 after acquiring an additional 9,517 shares during the period. Sanctuary Advisors LLC boosted its position in Hercules Capital by 56.5% during the third quarter. Sanctuary Advisors LLC now owns 18,818 shares of the financial services provider's stock worth $353,000 after purchasing an additional 6,792 shares in the last quarter. Finally, Tidal Investments LLC grew its holdings in Hercules Capital by 8.1% in the third quarter. Tidal Investments LLC now owns 76,262 shares of the financial services provider's stock valued at $1,498,000 after purchasing an additional 5,704 shares during the last quarter. Hedge funds and other institutional investors own 19.69% of the company's stock.

Analysts Set New Price Targets

HTGC has been the topic of several recent research reports. UBS Group decreased their price objective on shares of Hercules Capital from $20.00 to $18.00 and set a "neutral" rating on the stock in a research report on Thursday, April 17th. Compass Point raised their price objective on shares of Hercules Capital from $18.25 to $20.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 19th. JMP Securities reiterated a "market outperform" rating and set a $22.00 target price on shares of Hercules Capital in a report on Friday, February 14th. Piper Sandler decreased their price objective on 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 cut their target price 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 given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $20.25.

Hercules Capital Trading Down 0.1 %

Hercules Capital stock traded down $0.01 during trading on Friday, hitting $17.92. The company's stock had a trading volume of 546,505 shares, compared to its average volume of 1,056,562. The stock's fifty day moving average is $18.79 and its 200 day moving average is $19.52. The company has a debt-to-equity ratio of 0.89, a quick ratio of 2.72 and a current ratio of 2.72. Hercules Capital, Inc. has a 1-year low of $15.65 and a 1-year high of $22.04. The stock has a market capitalization of $3.14 billion, a price-to-earnings ratio of 11.14 and a beta of 1.13.

Hercules Capital (NYSE:HTGC - Get Free Report) last released its earnings results on Thursday, February 13th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.49. The business had revenue of $121.78 million for the quarter, compared to analysts' expectations of $124.09 million. Hercules Capital had a net margin of 53.28% and a return on equity of 17.19%. As a group, equities research analysts predict that Hercules Capital, Inc. will post 1.96 EPS for the current year.

Hercules Capital Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 26th were given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 10.49%. The ex-dividend date was Wednesday, February 26th. Hercules Capital's dividend payout ratio (DPR) is presently 99.38%.

About Hercules Capital

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.