Schonfeld Strategic Advisors LLC Buys New Shares in Hercules Capital, Inc. (NYSE:HTGC)

Schonfeld Strategic Advisors LLC purchased a new stake in Hercules Capital, Inc. (NYSE:HTGC - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 249,700 shares of the financial services provider's stock, valued at approximately $5,016,000. Schonfeld Strategic Advisors LLC owned 0.15% of Hercules Capital at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Marshall Wace LLP purchased a new position in Hercules Capital during the fourth quarter worth about $14,871,000. Van ECK Associates Corp raised its stake 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 purchasing an additional 323,028 shares in the last quarter. Strategic Financial Concepts LLC grew its stake in Hercules Capital by 1,909.0% in the 4th quarter. Strategic Financial Concepts LLC now owns 327,467 shares of the financial services provider's stock worth $6,579,000 after buying an additional 311,167 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Hercules Capital during the 4th quarter valued at $3,281,000. Finally, JPMorgan Chase & Co. grew its position in Hercules Capital by 51.2% in the fourth quarter. JPMorgan Chase & Co. now owns 443,114 shares of the financial services provider's stock worth $8,902,000 after acquiring an additional 150,136 shares in the last quarter. Institutional investors own 19.69% of the company's stock.

Hercules Capital Stock Down 0.2 %

Hercules Capital stock traded down $0.03 during trading hours on Tuesday, hitting $17.45. 1,242,618 shares of the stock traded hands, compared to its average volume of 1,067,881. Hercules Capital, Inc. has a one year low of $15.65 and a one year high of $22.04. The company has a market cap of $3.06 billion, a PE ratio of 10.84 and a beta of 0.97. The firm's 50-day moving average price is $18.29 and its two-hundred day moving average price is $19.41. The company has a current ratio of 2.72, a quick ratio of 2.72 and a debt-to-equity ratio of 0.89.

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). Hercules Capital had a net margin of 53.28% and a return on equity of 17.19%. The business had revenue of $102.10 million for the quarter, compared to the consensus estimate of $125.43 million. During the same quarter last year, the firm posted $0.50 EPS. The business's quarterly revenue was down 1.6% on a year-over-year basis. On average, research analysts forecast that Hercules Capital, Inc. will post 1.96 EPS for the current year.

Hercules Capital Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 20th. Investors of record on Tuesday, May 13th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 9.17%. The ex-dividend date of this dividend is Tuesday, May 13th. Hercules Capital's dividend payout ratio (DPR) is presently 120.30%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on HTGC shares. Keefe, Bruyette & Woods dropped their price target 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. Compass Point increased their price target 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. JMP Securities reaffirmed a "market outperform" rating and set a $22.00 target price on shares of Hercules Capital in a report on Friday, February 14th. UBS Group lowered their price target on shares of Hercules Capital from $20.00 to $18.00 and set a "neutral" rating for the company in a research note on Thursday, April 17th. Finally, Piper Sandler decreased their price objective on Hercules Capital from $23.00 to $20.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average 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.