Jump Financial LLC Acquires 31,998 Shares of Hercules Capital, Inc. (NYSE:HTGC)

Jump Financial LLC boosted its holdings in Hercules Capital, Inc. (NYSE:HTGC - Free Report) by 47.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 99,252 shares of the financial services provider's stock after purchasing an additional 31,998 shares during the period. Jump Financial LLC owned approximately 0.06% of Hercules Capital worth $1,994,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of HTGC. Avior Wealth Management LLC lifted its stake in shares of Hercules Capital by 177.2% in the 4th quarter. Avior Wealth Management LLC now owns 1,802 shares of the financial services provider's stock valued at $36,000 after purchasing an additional 1,152 shares during the period. Estabrook Capital Management lifted its stake in shares of Hercules Capital by 239.0% in the 4th quarter. Estabrook Capital Management now owns 1,878 shares of the financial services provider's stock valued at $38,000 after purchasing an additional 1,324 shares during the period. Archer Investment Corp lifted its stake in shares of Hercules Capital by 345.4% in the 4th quarter. Archer Investment Corp now owns 2,325 shares of the financial services provider's stock valued at $47,000 after purchasing an additional 1,803 shares during the period. Jones Financial Companies Lllp raised its stake in Hercules Capital by 199.6% during the fourth quarter. Jones Financial Companies Lllp now owns 4,042 shares of the financial services provider's stock valued at $81,000 after buying an additional 2,693 shares during the last quarter. Finally, Signaturefd LLC raised its stake in Hercules Capital by 86.6% during the fourth quarter. Signaturefd LLC now owns 6,634 shares of the financial services provider's stock valued at $133,000 after buying an additional 3,079 shares during the last quarter. 19.69% of the stock is owned by institutional investors.

Hercules Capital Stock Performance

Shares of HTGC traded up $0.27 during trading hours on Thursday, hitting $17.89. The stock had a trading volume of 254,851 shares, compared to its average volume of 1,055,029. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.72 and a quick ratio of 2.72. Hercules Capital, Inc. has a 12 month low of $15.65 and a 12 month high of $22.04. The firm has a market capitalization of $3.14 billion, a PE ratio of 11.11 and a beta of 1.13. The stock has a fifty day moving average price of $18.86 and a 200 day moving average price of $19.53.

Hercules Capital (NYSE:HTGC - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The financial services provider reported $0.49 EPS for the quarter, hitting the consensus estimate of $0.49. Hercules Capital had a return on equity of 17.19% and a net margin of 53.28%. The company had revenue of $121.78 million during the quarter, compared to analyst estimates of $124.09 million. Analysts anticipate that Hercules Capital, Inc. will post 1.96 EPS for the current year.

Hercules Capital Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 26th were issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 10.51%. The ex-dividend date was Wednesday, February 26th. Hercules Capital's dividend payout ratio is presently 99.38%.

Analyst Ratings Changes

HTGC has been the subject of a number of recent research reports. Compass Point lifted their price objective on Hercules Capital from $18.25 to $20.00 and gave the company a "neutral" rating in a research note on Wednesday, February 19th. JMP Securities reiterated a "market outperform" rating and set a $22.00 price objective on shares of Hercules Capital in a research note on Friday, February 14th. Piper Sandler lowered their price objective on Hercules Capital from $23.00 to $20.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Keefe, Bruyette & Woods lowered their price objective on Hercules Capital from $21.50 to $20.50 and set an "outperform" rating for the company in a research note on Tuesday, April 8th. Finally, UBS Group lowered their price objective on Hercules Capital from $20.00 to $18.00 and set a "neutral" rating for the company in a research note on Thursday, April 17th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, Hercules Capital has a consensus rating of "Moderate Buy" and a consensus target price of $20.25.

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.