Jump Financial LLC Has $359,000 Position in Hercules Capital, Inc. $HTGC

Jump Financial LLC trimmed its position in shares of Hercules Capital, Inc. (NYSE:HTGC - Free Report) by 81.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,713 shares of the financial services provider's stock after selling 80,539 shares during the quarter. Jump Financial LLC's holdings in Hercules Capital were worth $359,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC grew its stake in 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 buying an additional 628 shares during the last quarter. Graypoint LLC grew its stake in Hercules Capital by 0.4% during the first quarter. Graypoint LLC now owns 165,597 shares of the financial services provider's stock worth $3,181,000 after buying an additional 694 shares during the last quarter. Baird Financial Group Inc. grew its stake in Hercules Capital by 8.0% during the fourth quarter. Baird Financial Group Inc. now owns 10,826 shares of the financial services provider's stock worth $217,000 after buying an additional 802 shares during the last quarter. Mackenzie Financial Corp grew its stake in Hercules Capital by 2.5% during the fourth quarter. Mackenzie Financial Corp now owns 33,289 shares of the financial services provider's stock worth $669,000 after buying an additional 810 shares during the last quarter. Finally, Taylor Frigon Capital Management LLC grew its stake in Hercules Capital by 0.7% during the first quarter. Taylor Frigon Capital Management LLC now owns 114,664 shares of the financial services provider's stock worth $2,203,000 after buying an additional 823 shares during the last quarter. 19.69% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on HTGC. JMP Securities upped their price objective on shares of Hercules Capital from $22.00 to $24.00 and gave the stock a "market outperform" rating in a research note on Monday, August 4th. UBS Group increased 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. Piper Sandler increased their price target 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. Finally, Citigroup reissued an "outperform" rating on shares of Hercules Capital in a research note on Monday, August 4th. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $20.58.

Hercules Capital Trading Down 0.7%

NYSE:HTGC traded down $0.15 on Friday, reaching $19.23. The company's stock had a trading volume of 1,004,238 shares, compared to its average volume of 907,218. The business's 50-day moving average price is $19.13 and its two-hundred day moving average price is $18.57. Hercules Capital, Inc. has a 1-year low of $15.65 and a 1-year high of $22.04. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.68 and a current ratio of 1.68. The firm has a market cap of $3.49 billion, a PE ratio of 12.73 and a beta of 0.95.

Hercules Capital (NYSE:HTGC - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The financial services provider reported $0.50 earnings per share for the quarter, beating analysts' consensus estimates of $0.47 by $0.03. Hercules Capital had a net margin of 51.46% and a return on equity of 16.54%. The firm had revenue of $137.46 million for the quarter, compared to analyst estimates of $129.47 million. During the same quarter in the previous year, the firm posted $0.51 earnings per share. The business's revenue was up 10.0% on a year-over-year basis. Equities research analysts anticipate 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. Investors of record on Tuesday, August 12th were issued a dividend of $0.47 per share. The ex-dividend date was Tuesday, August 12th. This is a boost from Hercules Capital's previous quarterly dividend of $0.40. This represents a $1.88 dividend on an annualized basis and a dividend yield of 9.8%. Hercules Capital's dividend payout ratio is 105.96%.

Hercules Capital 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.