Schonfeld Strategic Advisors LLC Takes Position in Hercules Capital, Inc. (NYSE:HTGC)

Schonfeld Strategic Advisors LLC purchased a new position in shares of Hercules Capital, Inc. (NYSE:HTGC - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 249,700 shares of the financial services provider's stock, valued at approximately $5,016,000. Schonfeld Strategic Advisors LLC owned about 0.15% of Hercules Capital as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Rockefeller Capital Management L.P. grew its position in Hercules Capital by 0.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 138,364 shares of the financial services provider's stock valued at $2,780,000 after purchasing an additional 496 shares during the period. Naples Global Advisors LLC increased its position in shares of Hercules Capital by 1.0% during the fourth quarter. Naples Global Advisors LLC now owns 62,259 shares of the financial services provider's stock worth $1,251,000 after acquiring an additional 600 shares in the last quarter. Sand Hill Global Advisors LLC raised its holdings in shares of Hercules Capital by 2.5% in the 4th quarter. Sand Hill Global Advisors LLC now owns 27,417 shares of the financial services provider's stock worth $551,000 after acquiring an additional 665 shares during the last quarter. Nations Financial Group Inc. IA ADV lifted its stake in Hercules Capital by 0.9% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 92,447 shares of the financial services provider's stock valued at $1,857,000 after acquiring an additional 799 shares in the last quarter. Finally, SteelPeak Wealth LLC increased its position in shares of Hercules Capital by 2.7% during the 4th quarter. SteelPeak Wealth LLC now owns 30,307 shares of the financial services provider's stock valued at $609,000 after purchasing an additional 804 shares during the last quarter. Institutional investors and hedge funds own 19.69% of the company's stock.

Hercules Capital Stock Up 2.1 %

NYSE:HTGC traded up $0.37 during midday trading on Thursday, reaching $17.65. 652,332 shares of the stock traded hands, compared to its average volume of 1,248,419. The business has a 50-day moving average of $18.16 and a two-hundred day moving average of $19.38. 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 12-month low of $15.65 and a 12-month high of $22.04. The stock has a market capitalization of $3.10 billion, a PE ratio of 10.96 and a beta of 0.97.

Hercules Capital (NYSE:HTGC - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.46 by ($0.01). The company had revenue of $102.10 million for 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 company's revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.50 EPS. On average, equities analysts forecast that Hercules Capital, Inc. will post 1.96 earnings per share for the current fiscal year.

Hercules Capital Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 20th. Stockholders of record on Tuesday, May 13th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 9.07%. The ex-dividend date of this dividend is Tuesday, May 13th. Hercules Capital's payout ratio is 120.30%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Wells Fargo & Company reduced their target price on shares of Hercules Capital from $21.00 to $19.00 and set an "overweight" rating for the company in a research note on Monday, April 28th. Compass Point boosted their price objective on shares of Hercules Capital from $18.25 to $20.00 and gave the company a "neutral" rating in a research report on Wednesday, February 19th. 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 target on Hercules Capital from $21.50 to $20.50 and set an "outperform" rating on the stock in a report on Tuesday, April 8th. Finally, JMP Securities reissued a "market outperform" rating and issued a $22.00 price objective on shares of Hercules Capital in a report on Friday, February 14th. 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, the company presently has an average rating of "Moderate Buy" and an average price target of $19.92.

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.