Trexquant Investment LP Purchases 16,374 Shares of Hercules Capital, Inc. $HTGC

Key Points

• Trexquant Investment LP increased its stake in Hercules Capital, Inc. by 15.3%, acquiring an additional 16,374 shares, bringing its total holdings to 123,706 shares valued at approximately $2.37 million.
• Hercules Capital reported a quarterly earnings per share (EPS) of $0.50, exceeding analysts' estimates and posting a revenue increase of 10% compared to the same quarter last year.
• The company recently raised its quarterly dividend from $0.40 to $0.47 per share, resulting in a 9.8% yield, though its dividend payout ratio now stands at 105.96%.

Trexquant Investment LP raised its position in Hercules Capital, Inc. (NYSE:HTGC - Free Report) by 15.3% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 123,706 shares of the financial services provider's stock after buying an additional 16,374 shares during the period. Trexquant Investment LP owned about 0.07% of Hercules Capital worth $2,376,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Sound Income Strategies LLC boosted its position in Hercules Capital by 2.1% in the 1st quarter. Sound Income Strategies LLC now owns 2,874,455 shares of the financial services provider's stock valued at $55,218,000 after buying an additional 59,241 shares during the last quarter. Two Sigma Advisers LP boosted its position in Hercules Capital by 205.7% in the 4th quarter. Two Sigma Advisers LP now owns 1,406,900 shares of the financial services provider's stock valued at $28,265,000 after buying an additional 946,700 shares during the last quarter. LPL Financial LLC boosted its position in Hercules Capital by 14.5% in the 1st quarter. LPL Financial LLC now owns 1,130,362 shares of the financial services provider's stock valued at $21,714,000 after buying an additional 143,042 shares during the last quarter. Two Sigma Investments LP boosted its position in Hercules Capital by 106.7% in the 4th quarter. Two Sigma Investments LP now owns 945,849 shares of the financial services provider's stock valued at $19,002,000 after buying an additional 488,172 shares during the last quarter. Finally, Royal Bank of Canada boosted its position in Hercules Capital by 3.1% in the 4th quarter. Royal Bank of Canada now owns 788,353 shares of the financial services provider's stock valued at $15,839,000 after buying an additional 23,783 shares during the last quarter. 19.69% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Hercules Capital Stock Performance

Shares of Hercules Capital stock opened at $19.28 on Thursday. The company has a market capitalization of $3.50 billion, a PE ratio of 12.76 and a beta of 0.95. Hercules Capital, Inc. has a 12 month low of $15.65 and a 12 month high of $22.04. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.96. The stock's fifty day simple moving average is $19.08 and its 200 day simple moving average is $18.60.

Hercules Capital (NYSE:HTGC - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $137.46 million for the quarter, compared to the consensus estimate of $129.47 million. Hercules Capital had a return on equity of 16.54% and a net margin of 51.46%.The firm's revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.51 EPS. On average, research analysts predict that Hercules Capital, Inc. will post 1.96 EPS for the current year.

Hercules Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 19th. Investors of record on Tuesday, August 12th were paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 9.8%. The ex-dividend date of this dividend was Tuesday, August 12th. This is a boost from Hercules Capital's previous quarterly dividend of $0.40. Hercules Capital's dividend payout ratio (DPR) is 105.96%.

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.

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