386,006 Shares in Hercules Capital, Inc. (NYSE:HTGC) Acquired by Voloridge Investment Management LLC

Voloridge Investment Management LLC purchased a new position in Hercules Capital, Inc. (NYSE:HTGC - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 386,006 shares of the financial services provider's stock, valued at approximately $7,755,000. Voloridge Investment Management LLC owned approximately 0.24% of Hercules Capital as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Two Sigma Advisers LP boosted its stake 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 valued at $28,265,000 after buying an additional 946,700 shares during the last quarter. Marshall Wace LLP bought a new position in Hercules Capital during the fourth quarter valued at approximately $14,871,000. Two Sigma Investments LP boosted its stake in Hercules Capital by 106.7% during the fourth 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. Millennium Management LLC lifted its stake in shares of Hercules Capital by 1,834.7% in the 4th quarter. Millennium Management LLC now owns 429,125 shares of the financial services provider's stock valued at $8,621,000 after purchasing an additional 406,944 shares during the last quarter. Finally, Van ECK Associates Corp lifted its stake in shares of Hercules Capital by 10.4% in the 4th quarter. Van ECK Associates Corp now owns 3,438,447 shares of the financial services provider's stock valued at $69,078,000 after purchasing an additional 323,028 shares during the last quarter. Hedge funds and other institutional investors own 19.69% of the company's stock.

Insider Buying and Selling at Hercules Capital

In related news, Director Nikos Theodosopoulos purchased 5,999 shares of the company's stock in a transaction on Thursday, May 8th. The shares were bought at an average cost of $17.49 per share, for a total transaction of $104,922.51. Following the completion of the purchase, the director now directly owns 11,960 shares of the company's stock, valued at approximately $209,180.40. This trade represents a 100.64% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.90% of the stock is currently owned by insiders.

Hercules Capital Trading Up 0.3%

NYSE:HTGC traded up $0.06 on Friday, reaching $17.49. 385,268 shares of the company's stock were exchanged, compared to its average volume of 1,095,441. The company has a quick ratio of 2.72, a current ratio of 2.72 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $3.07 billion, a price-to-earnings ratio of 10.86 and a beta of 0.97. The business has a fifty day moving average of $17.74 and a 200-day moving average of $19.14. Hercules Capital, Inc. has a 52-week low of $15.65 and a 52-week high of $22.04.

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

Hercules Capital Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 20th. Shareholders of record on Tuesday, May 13th were paid a $0.40 dividend. The ex-dividend date was Tuesday, May 13th. This represents a $1.60 annualized dividend and a yield of 9.15%. Hercules Capital's dividend payout ratio is currently 120.30%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on HTGC. Compass Point raised their price target on shares of Hercules Capital from $18.25 to $20.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 19th. JMP Securities reissued a "market outperform" rating and set a $22.00 target price on shares of Hercules Capital in a research report on Friday, February 14th. Wells Fargo & Company lowered their price target 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. Piper Sandler lowered their price target 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. Finally, UBS Group lowered their price target on shares of Hercules Capital from $20.00 to $18.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, Hercules Capital presently has a consensus rating of "Moderate Buy" and an average price target of $19.92.

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.