Cubist Systematic Strategies LLC Has $6.47 Million Stock Holdings in Hercules Capital, Inc. $HTGC

Key Points

• Cubist Systematic Strategies LLC increased its stake in Hercules Capital by 170.3% in the first quarter by acquiring an additional 212,325 shares, now holding a total of 336,988 shares worth $6,474,000.
• Hercules Capital reported a quarterly EPS of $0.50, exceeding analysts' expectations of $0.47, with a revenue of $137.46 million, up 10% year-over-year.
• The company recently declared a quarterly dividend of $0.47, reflecting a significant increase from the previous dividend of $0.40, resulting in an annualized yield of 9.8%.

Cubist Systematic Strategies LLC raised its stake in shares of Hercules Capital, Inc. (NYSE:HTGC - Free Report) by 170.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 336,988 shares of the financial services provider's stock after purchasing an additional 212,325 shares during the quarter. Cubist Systematic Strategies LLC owned 0.19% of Hercules Capital worth $6,474,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of HTGC. Bessemer Group Inc. bought a new position in Hercules Capital in the 1st quarter valued at $38,000. Sumitomo Mitsui Trust Group Inc. increased its stake in Hercules Capital by 12.9% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 499,699 shares of the financial services provider's stock valued at $9,599,000 after purchasing an additional 56,932 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Hercules Capital by 2.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 32,832 shares of the financial services provider's stock worth $631,000 after purchasing an additional 628 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Hercules Capital by 26.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 22,405 shares of the financial services provider's stock worth $432,000 after acquiring an additional 4,688 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in Hercules Capital by 9.7% in the fourth quarter. Ameriprise Financial Inc. now owns 325,912 shares of the financial services provider's stock valued at $6,548,000 after acquiring an additional 28,812 shares during the period. 19.69% of the stock is currently owned by institutional investors.

Hercules Capital Price Performance

Hercules Capital stock traded up $0.24 during trading hours on Monday, hitting $19.47. The stock had a trading volume of 796,245 shares, compared to its average volume of 1,177,745. The stock's fifty day moving average is $19.13 and its two-hundred day moving average is $18.52. 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 $3.54 billion, a price-to-earnings ratio of 12.89 and a beta of 0.95. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.68 and a quick ratio of 1.68.

Hercules Capital (NYSE:HTGC - Get Free Report) last issued its earnings results on Thursday, July 31st. The financial services provider reported $0.50 EPS for the quarter, topping the consensus estimate of $0.47 by $0.03. The company had revenue of $137.46 million during the quarter, compared to analyst estimates of $129.47 million. Hercules Capital had a return on equity of 16.54% and a net margin of 51.46%.The business's revenue was up 10.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.51 EPS. As a group, analysts predict that Hercules Capital, Inc. will post 1.96 earnings per share for the current fiscal year.

Hercules Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 19th. Shareholders of record on Tuesday, August 12th were given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 9.7%. The ex-dividend date was Tuesday, August 12th. This is a positive change from Hercules Capital's previous quarterly dividend of $0.40. Hercules Capital's dividend payout ratio is 105.96%.

Analysts Set New Price Targets

HTGC has been the subject of a number of recent analyst reports. Citigroup restated an "outperform" rating on shares of Hercules Capital in a report on Monday, August 4th. UBS Group raised their price target on shares of Hercules Capital from $18.50 to $19.00 and gave the company a "neutral" rating in a research note on Wednesday, July 16th. JMP Securities boosted their price target on shares of Hercules Capital from $22.00 to $24.00 and gave the stock a "market outperform" rating in a report on Monday, August 4th. Finally, Piper Sandler upped their price objective on shares of Hercules Capital from $20.00 to $21.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $20.58.

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.