Tectonic Advisors LLC Has $10.22 Million Stake in Hercules Capital, Inc. (NYSE:HTGC)

Tectonic Advisors LLC increased its position in shares of Hercules Capital, Inc. (NYSE:HTGC - Free Report) by 7.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 531,792 shares of the financial services provider's stock after purchasing an additional 37,984 shares during the quarter. Tectonic Advisors LLC owned 0.30% of Hercules Capital worth $10,216,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of HTGC. Two Sigma Advisers LP lifted its position in Hercules Capital by 205.7% during the fourth quarter. Two Sigma Advisers LP now owns 1,406,900 shares of the financial services provider's stock worth $28,265,000 after purchasing an additional 946,700 shares during the period. Marshall Wace LLP bought a new position in shares of Hercules Capital in the fourth quarter worth about $14,871,000. Two Sigma Investments LP lifted its holdings in shares of Hercules Capital by 106.7% in the fourth quarter. Two Sigma Investments LP now owns 945,849 shares of the financial services provider's stock worth $19,002,000 after acquiring an additional 488,172 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of Hercules Capital by 1,834.7% in the fourth quarter. Millennium Management LLC now owns 429,125 shares of the financial services provider's stock worth $8,621,000 after acquiring an additional 406,944 shares during the last quarter. Finally, Voloridge Investment Management LLC bought a new position in shares of Hercules Capital in the fourth quarter worth about $7,755,000. Institutional investors own 19.69% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Keefe, Bruyette & Woods dropped their target price on shares of Hercules Capital from $21.50 to $20.50 and set an "outperform" rating for the company in a report on Tuesday, April 8th. UBS Group increased their target price on shares of Hercules Capital from $18.50 to $19.00 and gave the stock a "neutral" rating in a report on Wednesday. Wells Fargo & Company lowered 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. Finally, Piper Sandler lowered their price objective on Hercules Capital from $23.00 to $20.00 and set an "overweight" 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 MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $20.08.

Insider Activity at Hercules Capital

In related news, Director Nikos Theodosopoulos acquired 5,999 shares of Hercules Capital stock in a transaction dated Thursday, May 8th. The stock was bought at an average price of $17.49 per share, with a total value of $104,922.51. Following the transaction, the director directly owned 11,960 shares in the company, valued at $209,180.40. This represents a 100.64% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. 1.90% of the stock is currently owned by company insiders.

Hercules Capital Trading Down 0.5%

NYSE:HTGC traded down $0.10 on Friday, reaching $19.33. 1,074,598 shares of the stock traded hands, compared to its average volume of 1,119,295. The firm has a market capitalization of $3.39 billion, a price-to-earnings ratio of 14.53 and a beta of 0.93. The company's 50 day moving average is $18.06 and its 200-day moving average is $18.91. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 0.99. Hercules Capital, Inc. has a 1-year low of $15.65 and a 1-year high of $22.04.

Hercules Capital (NYSE:HTGC - Get Free Report) last released its earnings results on Thursday, May 1st. The financial services provider reported $0.45 earnings per share for the quarter, missing analysts' consensus estimates of $0.46 by ($0.01). The firm had revenue of $102.10 million for the quarter, compared to analyst estimates of $125.43 million. Hercules Capital had a net margin of 45.23% and a return on equity of 16.84%. The business's revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.50 EPS. Equities research analysts anticipate that Hercules Capital, Inc. will post 1.96 EPS for the current fiscal year.

Hercules Capital Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 20th. Shareholders of record on Tuesday, May 13th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 8.28%. The ex-dividend date was Tuesday, May 13th. Hercules Capital's dividend payout ratio is presently 120.30%.

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.