Several other hedge funds and other institutional investors have also made changes to their positions in the company. Sound Income Strategies LLC raised its stake in shares of Hercules Capital by 2.1% in the first quarter. Sound Income Strategies LLC now owns 2,874,455 shares of the financial services provider’s stock valued at $55,218,000 after acquiring an additional 59,241 shares during the period. Two Sigma Advisers LP raised its stake in shares of Hercules Capital by 205.7% in 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 acquiring an additional 946,700 shares during the period. Advisors Capital Management LLC raised its stake in shares of Hercules Capital by 6.6% in the fourth quarter. Advisors Capital Management LLC now owns 1,018,210 shares of the financial services provider’s stock valued at $20,456,000 after acquiring an additional 62,610 shares during the period. Two Sigma Investments LP raised its stake in shares of Hercules Capital by 106.7% in 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 acquiring an additional 488,172 shares during the period. Finally, Royal Bank of Canada grew its holdings in shares of Hercules Capital by 3.1% in the fourth quarter. Royal Bank of Canada now owns 788,353 shares of the financial services provider’s stock worth $15,839,000 after purchasing an additional 23,783 shares during the last quarter. Hedge funds and other institutional investors own 19.69% of the company’s stock.

NYSE HTGC opened at $18.01 on Friday. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 0.99. Hercules Capital, Inc. has a 12 month low of $15.65 and a 12 month high of $22.04. The company’s 50-day moving average price is $17.68 and its 200-day moving average price is $19.03. The stock has a market cap of $3.16 billion, a PE ratio of 13.54 and a beta of 0.93.

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 (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.01). Hercules Capital had a return on equity of 16.84% and a net margin of 45.23%. The business had revenue of $102.10 million for the quarter, compared to the consensus estimate of $125.43 million. During the same quarter in the previous year, the company earned $0.50 earnings per share. The firm’s revenue was down 1.6% on a year-over-year basis. Equities research analysts forecast that Hercules Capital, Inc. will post 1.96 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 20th. Shareholders of record on Tuesday, May 13th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 8.89%. The ex-dividend date of this dividend was Tuesday, May 13th. Hercules Capital’s payout ratio is 120.30%.

In other Hercules Capital news, Director Nikos Theodosopoulos bought 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 acquisition, the director now directly owns 11,960 shares in the company, valued at approximately $209,180.40. The trade was a 100.64% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.90% of the stock is owned by company insiders.

A number of research analysts have recently commented on the stock. Piper Sandler cut 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. Keefe, Bruyette & Woods cut their price target on shares of Hercules Capital from $21.50 to $20.50 and set an “outperform” rating on the stock in a report on Tuesday, April 8th. UBS Group cut 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. Finally, Wells Fargo & Company cut 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. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Hercules Capital currently has an average rating of “Moderate Buy” and an average target price of $19.92.

Get Our Latest Stock Analysis on HTGC

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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.

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