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

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

Other institutional investors have also added to or reduced their stakes in the company. Ares Management LLC lifted its position in Hercules Capital by 14.3% in the 4th quarter. Ares Management LLC now owns 226,606 shares of the financial services provider's stock valued at $4,553,000 after acquiring an additional 28,300 shares in the last quarter. Left Brain Wealth Management LLC lifted its position in Hercules Capital by 32.2% in the 4th quarter. Left Brain Wealth Management LLC now owns 275,876 shares of the financial services provider's stock valued at $5,542,000 after acquiring an additional 67,215 shares in the last quarter. Tectonic Advisors LLC lifted its position in Hercules Capital by 14.0% in the 4th quarter. Tectonic Advisors LLC now owns 493,808 shares of the financial services provider's stock valued at $9,921,000 after acquiring an additional 60,776 shares in the last quarter. Marshall Wace LLP bought a new stake in Hercules Capital in the 4th quarter valued at $14,871,000. Finally, Magnetar Financial LLC bought a new stake in Hercules Capital during the 4th quarter worth about $324,000. 19.69% of the stock is owned by institutional investors.

Hercules Capital Stock Performance

HTGC traded up $0.09 on Friday, reaching $17.40. The company had a trading volume of 987,879 shares, compared to its average volume of 1,089,783. Hercules Capital, Inc. has a fifty-two week low of $15.65 and a fifty-two week high of $22.04. The stock has a market cap of $3.05 billion, a P/E ratio of 10.81 and a beta of 0.97. The company's fifty day moving average is $17.87 and its 200 day moving average is $19.20. The company has a debt-to-equity ratio of 0.89, a quick ratio of 2.72 and a current ratio of 2.72.

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

Hercules Capital Cuts Dividend

The firm 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. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 9.20%. Hercules Capital's payout ratio is presently 120.30%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on HTGC shares. UBS Group cut their price target on shares of Hercules Capital from $20.00 to $18.00 and set a "neutral" rating on the stock in a research report on Thursday, April 17th. Keefe, Bruyette & Woods dropped their target price on shares of Hercules Capital from $21.50 to $20.50 and set an "outperform" rating on the stock in a report on Tuesday, April 8th. Piper Sandler dropped their target price on shares of Hercules Capital from $23.00 to $20.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Wells Fargo & Company dropped their target price on shares of Hercules Capital from $21.00 to $19.00 and set an "overweight" rating on the stock in a report on Monday, April 28th. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $22.00 target price on shares of Hercules Capital in a report on Friday, February 14th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $19.92.

Insiders Place Their Bets

In other Hercules Capital news, Director Nikos Theodosopoulos bought 5,999 shares of the firm's stock in a transaction on Thursday, May 8th. The shares were purchased at an average price of $17.49 per share, for a total transaction of $104,922.51. Following the transaction, the director now directly owns 11,960 shares in the company, valued at approximately $209,180.40. This trade represents a 100.64% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.90% of the company's stock.

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.