54,968 Shares in Hercules Capital, Inc. (NYSE:HTGC) Purchased by FJ Capital Management LLC

FJ Capital Management LLC bought a new stake in shares of Hercules Capital, Inc. (NYSE:HTGC - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 54,968 shares of the financial services provider's stock, valued at approximately $1,104,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Marshall Wace LLP purchased a new stake in shares of Hercules Capital during the 4th quarter worth $14,871,000. Van ECK Associates Corp lifted its position in Hercules Capital by 10.4% in the fourth quarter. Van ECK Associates Corp now owns 3,438,447 shares of the financial services provider's stock valued at $69,078,000 after acquiring an additional 323,028 shares during the last quarter. Strategic Financial Concepts LLC lifted its position in Hercules Capital by 1,909.0% in the fourth quarter. Strategic Financial Concepts LLC now owns 327,467 shares of the financial services provider's stock valued at $6,579,000 after acquiring an additional 311,167 shares during the last quarter. Schonfeld Strategic Advisors LLC purchased a new stake in Hercules Capital in the fourth quarter valued at $5,016,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Hercules Capital in the fourth quarter valued at about $3,281,000. 19.69% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HTGC has been the topic of several analyst reports. UBS Group lowered their target price on Hercules Capital from $20.00 to $18.00 and set a "neutral" rating on the stock in a research note on Thursday, April 17th. Compass Point increased their price target on shares of Hercules Capital from $18.25 to $20.00 and gave the stock a "neutral" rating in a report on Wednesday, February 19th. 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. Wells Fargo & Company reduced their price objective on Hercules Capital from $21.00 to $19.00 and set an "overweight" rating for the company in a report on Monday, April 28th. Finally, 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 research report on Tuesday, April 8th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $19.92.

Insider Transactions at Hercules Capital

In other news, Director Nikos Theodosopoulos acquired 5,999 shares of the business'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 completion of the purchase, the director now directly owns 11,960 shares of the company's stock, valued at $209,180.40. This represents a 100.64% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.90% of the company's stock.

Hercules Capital Trading Down 0.8%

Hercules Capital stock traded down $0.14 during trading on Wednesday, hitting $17.57. The company's stock had a trading volume of 892,597 shares, compared to its average volume of 1,078,501. The stock has a market capitalization of $3.08 billion, a price-to-earnings ratio of 10.91 and a beta of 0.97. The stock's fifty day moving average is $18.01 and its 200 day moving average is $19.31. Hercules Capital, Inc. has a 1-year low of $15.65 and a 1-year high of $22.04. 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 data 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 net margin of 53.28% and a return on equity of 17.19%. The company had revenue of $102.10 million for the quarter, compared to analysts' expectations of $125.43 million. During the same period in the prior year, the firm earned $0.50 earnings per share. The firm's quarterly revenue was down 1.6% on a year-over-year basis. As a group, equities research analysts predict that Hercules Capital, Inc. will post 1.96 EPS for the current year.

Hercules Capital Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 20th. Investors of record on Tuesday, May 13th will be issued a dividend of $0.40 per share. The ex-dividend date is Tuesday, May 13th. This represents a $1.60 annualized dividend and a dividend yield of 9.11%. Hercules Capital's payout ratio is 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.