ExodusPoint Capital Management LP Takes $540,000 Position in Hercules Capital, Inc. (NYSE:HTGC)
ExodusPoint Capital Management LP bought a new position in shares of Hercules Capital, Inc. (NYSE:HTGC - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 26,900 shares of the financial services provider's stock, valued at approximately $540,000.
Other institutional investors also recently bought and sold shares of the company. Avior Wealth Management LLC grew its stake in shares of Hercules Capital by 177.2% during the 4th quarter. Avior Wealth Management LLC now owns 1,802 shares of the financial services provider's stock worth $36,000 after purchasing an additional 1,152 shares during the period. Archer Investment Corp boosted its holdings in Hercules Capital by 345.4% during the fourth quarter. Archer Investment Corp now owns 2,325 shares of the financial services provider's stock worth $47,000 after buying an additional 1,803 shares in the last quarter. Jones Financial Companies Lllp grew its position 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 period. Nomura Asset Management Co. Ltd. increased its holdings in Hercules Capital by 45.6% in the third quarter. Nomura Asset Management Co. Ltd. now owns 4,086 shares of the financial services provider's stock valued at $80,000 after buying an additional 1,279 shares in the last quarter. Finally, Signaturefd LLC raised its position in shares of Hercules Capital by 86.6% in the fourth quarter. Signaturefd LLC now owns 6,634 shares of the financial services provider's stock worth $133,000 after acquiring an additional 3,079 shares during the period. 19.69% of the stock is currently owned by hedge funds and other institutional investors.
NYSE HTGC opened at $16.82 on Friday. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.72 and a quick ratio of 2.72. The stock's 50 day simple moving average is $19.43 and its 200-day simple moving average is $19.66. The company has a market cap of $2.91 billion, a PE ratio of 10.45 and a beta of 1.13. Hercules Capital, Inc. has a 1-year low of $15.65 and a 1-year high of $22.04.
Hercules Capital (NYSE:HTGC - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The financial services provider reported $0.49 earnings per share for the quarter, meeting analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $124.09 million. As a group, equities research analysts anticipate that Hercules Capital, Inc. will post 1.96 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Wednesday, February 26th were paid a dividend of $0.47 per share. The ex-dividend date was Wednesday, February 26th. This represents a $1.88 annualized dividend and a yield of 11.18%. Hercules Capital's dividend payout ratio is presently 99.38%.
HTGC has been the subject of several recent analyst reports. Piper Sandler cut their price target on Hercules Capital from $23.00 to $20.00 and set an "overweight" rating for the company in a research note on Tuesday. Compass Point boosted their price objective on 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 research note on Friday, February 14th. Finally, Keefe, Bruyette & Woods dropped their price target on shares of Hercules Capital from $21.50 to $20.50 and set an "outperform" rating on the stock in a research note on Tuesday. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Hercules Capital presently has an average rating of "Moderate Buy" and a consensus price target of $20.70.
Check Out Our Latest Research Report on HTGC
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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