Cubist Systematic Strategies LLC Purchases Shares of 124,663 Hercules Capital, Inc. (NYSE:HTGC)

Cubist Systematic Strategies LLC purchased a new stake in Hercules Capital, Inc. (NYSE:HTGC - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 124,663 shares of the financial services provider's stock, valued at approximately $2,504,000. Cubist Systematic Strategies LLC owned about 0.08% of Hercules Capital at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of HTGC. Franklin Resources Inc. lifted its holdings in Hercules Capital by 28.0% in the 3rd quarter. Franklin Resources Inc. now owns 387,225 shares of the financial services provider's stock valued at $7,667,000 after acquiring an additional 84,780 shares during the last quarter. Brookstone Capital Management boosted its stake in shares of Hercules Capital by 90.4% during the 4th quarter. Brookstone Capital Management now owns 20,229 shares of the financial services provider's stock worth $406,000 after acquiring an additional 9,604 shares in the last quarter. Mirador Capital Partners LP boosted its stake in shares of Hercules Capital by 7.1% during the 4th quarter. Mirador Capital Partners LP now owns 43,077 shares of the financial services provider's stock worth $865,000 after acquiring an additional 2,850 shares in the last quarter. Avior Wealth Management LLC boosted its stake in shares of Hercules Capital by 177.2% during the 4th 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 in the last quarter. Finally, Cornerstone Wealth Management LLC boosted its stake in shares of Hercules Capital by 7.9% during the 4th quarter. Cornerstone Wealth Management LLC now owns 21,441 shares of the financial services provider's stock worth $431,000 after acquiring an additional 1,568 shares in the last quarter. 19.69% of the stock is owned by institutional investors and hedge funds.

Hercules Capital Stock Performance

Shares of HTGC opened at $17.50 on Monday. The company's 50 day moving average price is $18.05 and its 200 day moving average price is $19.33. Hercules Capital, Inc. has a 52 week low of $15.65 and a 52 week high of $22.04. The company has a market capitalization of $3.07 billion, a PE ratio of 10.87 and a beta of 0.97. 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 (NYSE:HTGC - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The financial services provider reported $0.45 EPS for the quarter, missing analysts' consensus estimates of $0.46 by ($0.01). Hercules Capital had a net margin of 53.28% and a return on equity of 17.19%. The company had revenue of $102.10 million for the quarter, compared to analysts' expectations of $125.43 million. During the same period in the previous year, the firm posted $0.50 earnings per share. The business's revenue for the quarter was down 1.6% on a year-over-year basis. Research analysts expect that Hercules Capital, Inc. will post 1.96 EPS for the current fiscal year.

Hercules Capital Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 20th. Investors of record on Tuesday, May 13th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $1.60 dividend on an annualized basis and a yield of 9.14%. Hercules Capital's payout ratio is 120.30%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on HTGC shares. Wells Fargo & Company reduced 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, April 28th. Compass Point upped their price target on shares of Hercules Capital from $18.25 to $20.00 and gave the company a "neutral" rating in a research report on Wednesday, February 19th. Piper Sandler reduced their price target on shares of Hercules Capital from $23.00 to $20.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Keefe, Bruyette & Woods reduced their price target on shares of Hercules Capital from $21.50 to $20.50 and set an "outperform" rating for the company in a research report on Tuesday, April 8th. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $22.00 target price on shares of Hercules Capital in a research report on Friday, February 14th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $19.92.

Insider Activity at Hercules Capital

In other Hercules Capital news, Director Nikos Theodosopoulos bought 5,999 shares of the firm's stock in a transaction on Thursday, May 8th. The stock was bought at an average cost of $17.49 per share, with a total value of $104,922.51. Following the completion of the transaction, the director now directly owns 11,960 shares of the company's stock, valued at approximately $209,180.40. The trade was a 100.64% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.90% of the company's stock.

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.

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