Hercules Capital, Inc. (NYSE:HTGC) Stock Position Raised by Two Sigma Investments LP

Two Sigma Investments LP raised its position in Hercules Capital, Inc. (NYSE:HTGC - Free Report) by 106.7% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 945,849 shares of the financial services provider's stock after acquiring an additional 488,172 shares during the period. Two Sigma Investments LP owned approximately 0.58% of Hercules Capital worth $19,002,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Avior Wealth Management LLC grew its stake in Hercules Capital by 177.2% during the fourth quarter. Avior Wealth Management LLC now owns 1,802 shares of the financial services provider's stock valued at $36,000 after acquiring an additional 1,152 shares in the last quarter. Estabrook Capital Management increased its stake in Hercules Capital by 239.0% in the 4th quarter. Estabrook Capital Management now owns 1,878 shares of the financial services provider's stock worth $38,000 after purchasing an additional 1,324 shares during the period. Archer Investment Corp raised its holdings in Hercules Capital by 345.4% during the 4th quarter. Archer Investment Corp now owns 2,325 shares of the financial services provider's stock valued at $47,000 after buying an additional 1,803 shares during the last quarter. Quarry LP bought a new stake in shares of Hercules Capital in the fourth quarter worth about $48,000. Finally, Point72 Hong Kong Ltd purchased a new position in Hercules Capital during the 4th quarter valued at $80,000. 19.69% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on HTGC. Wells Fargo & Company dropped their price target on shares of Hercules Capital from $21.00 to $19.00 and set an "overweight" rating on the stock in a research note on Monday, April 28th. Keefe, Bruyette & Woods lowered 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. Piper Sandler reduced their target price on Hercules Capital from $23.00 to $20.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. JMP Securities restated a "market outperform" rating and set a $22.00 target price on shares of Hercules Capital in a report on Friday, February 14th. Finally, Compass Point boosted their target price on Hercules Capital from $18.25 to $20.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 19th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, Hercules Capital has an average rating of "Moderate Buy" and an average price target of $19.92.

Hercules Capital Stock Up 1.1%

Shares of NYSE:HTGC traded up $0.20 during trading hours on Tuesday, reaching $17.60. The stock had a trading volume of 731,523 shares, compared to its average volume of 1,089,712. The stock has a market capitalization of $3.09 billion, a price-to-earnings ratio of 10.93 and a beta of 0.97. The firm's 50 day moving average is $17.83 and its 200-day moving average is $19.18. 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, 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 announced its 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). The business had revenue of $102.10 million during the quarter, compared to analysts' expectations of $125.43 million. Hercules Capital had a net margin of 53.28% and a return on equity of 17.19%. Hercules Capital's quarterly revenue was down 1.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.50 earnings per share. Research analysts predict that Hercules Capital, Inc. will post 1.96 earnings per share for the current fiscal year.

Hercules Capital Cuts Dividend

The company also recently declared 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 9.09%. The ex-dividend date of this dividend was Tuesday, May 13th. Hercules Capital's dividend payout ratio (DPR) is presently 120.30%.

Insiders Place Their Bets

In other news, Director Nikos Theodosopoulos purchased 5,999 shares of the stock in a transaction dated Thursday, May 8th. The stock was acquired at an average cost of $17.49 per share, for a total transaction of $104,922.51. Following the acquisition, the director now owns 11,960 shares of the company's stock, valued at $209,180.40. The trade was a 100.64% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 1.90% of the stock is owned by insiders.

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.