Two Sigma Advisers LP Has $28.27 Million Stock Position in Hercules Capital, Inc. (NYSE:HTGC)

Two Sigma Advisers LP grew its position in shares of Hercules Capital, Inc. (NYSE:HTGC - Free Report) by 205.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,406,900 shares of the financial services provider's stock after buying an additional 946,700 shares during the quarter. Two Sigma Advisers LP owned approximately 0.87% of Hercules Capital worth $28,265,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Rockefeller Capital Management L.P. grew its position in Hercules Capital by 0.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 138,364 shares of the financial services provider's stock worth $2,780,000 after acquiring an additional 496 shares during the last quarter. Naples Global Advisors LLC grew its holdings in shares of Hercules Capital by 1.0% during the fourth quarter. Naples Global Advisors LLC now owns 62,259 shares of the financial services provider's stock worth $1,251,000 after purchasing an additional 600 shares during the last quarter. Sand Hill Global Advisors LLC grew its holdings in shares of Hercules Capital by 2.5% during the fourth quarter. Sand Hill Global Advisors LLC now owns 27,417 shares of the financial services provider's stock worth $551,000 after purchasing an additional 665 shares during the last quarter. Nations Financial Group Inc. IA ADV increased its stake in shares of Hercules Capital by 0.9% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 92,447 shares of the financial services provider's stock valued at $1,857,000 after buying an additional 799 shares in the last quarter. Finally, Baird Financial Group Inc. raised its holdings in shares of Hercules Capital by 8.0% in the fourth quarter. Baird Financial Group Inc. now owns 10,826 shares of the financial services provider's stock valued at $217,000 after buying an additional 802 shares during the last quarter. Institutional investors and hedge funds own 19.69% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on HTGC. JMP Securities restated a "market outperform" rating and issued a $22.00 price objective on shares of Hercules Capital in a research report on Friday, February 14th. Compass Point raised their price target on shares of Hercules Capital from $18.25 to $20.00 and gave the company a "neutral" rating in a report on Wednesday, February 19th. Keefe, Bruyette & Woods dropped their price objective 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. UBS Group decreased their price objective on Hercules Capital from $20.00 to $18.00 and set a "neutral" rating on the stock in a research report on Thursday, April 17th. Finally, Wells Fargo & Company dropped their target price on Hercules Capital from $21.00 to $19.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $19.92.

Insider Activity

In other news, Director Nikos Theodosopoulos acquired 5,999 shares of the firm's stock in a transaction that occurred on Thursday, May 8th. The stock was purchased at an average price of $17.49 per share, for a total transaction of $104,922.51. Following the completion of the acquisition, the director now owns 11,960 shares in the company, valued at $209,180.40. This trade represents a 100.64% increase in their ownership of the stock. The transaction was disclosed in a legal 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 Up 0.5%

HTGC stock traded up $0.09 during midday trading on Monday, reaching $17.40. The company's stock had a trading volume of 987,879 shares, compared to its average volume of 1,090,993. The business's 50-day simple moving average is $17.87 and its 200-day simple moving average is $19.19. The company has a quick ratio of 2.72, a current ratio of 2.72 and a debt-to-equity ratio of 0.89. Hercules Capital, Inc. has a 52 week low of $15.65 and a 52 week high of $22.04. The stock has a market cap of $3.05 billion, a PE ratio of 10.81 and a beta of 0.97.

Hercules Capital (NYSE:HTGC - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.01). Hercules Capital had a return on equity of 17.19% and a net margin of 53.28%. The company had revenue of $102.10 million during the quarter, compared to the consensus estimate of $125.43 million. During the same quarter in the prior year, the business earned $0.50 earnings per share. The firm's revenue for the quarter was down 1.6% on a year-over-year basis. As a group, sell-side analysts expect that Hercules Capital, Inc. will post 1.96 EPS for the current year.

Hercules Capital Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 20th. Stockholders of record on Tuesday, May 13th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a $1.60 annualized dividend and a dividend yield of 9.20%. Hercules Capital's payout ratio is currently 120.30%.

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.