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

Schonfeld Strategic Advisors LLC bought a new stake in shares of Hercules Capital, Inc. (NYSE:HTGC) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 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 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Marshall Wace LLP purchased a new stake in shares of Hercules Capital during the fourth quarter valued at $14,871,000. Van ECK Associates Corp boosted its holdings in shares of Hercules Capital by 10.4% during the 4th quarter. Van ECK Associates Corp now owns 3,438,447 shares of the financial services provider’s stock valued at $69,078,000 after acquiring an additional 323,028 shares during the last quarter. Strategic Financial Concepts LLC grew its stake in shares of Hercules Capital by 1,909.0% in the fourth quarter. Strategic Financial Concepts LLC now owns 327,467 shares of the financial services provider’s stock worth $6,579,000 after acquiring an additional 311,167 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Hercules Capital during the fourth quarter valued at approximately $3,281,000. Finally, JPMorgan Chase & Co. lifted its position in Hercules Capital by 51.2% during the fourth quarter. JPMorgan Chase & Co. now owns 443,114 shares of the financial services provider’s stock valued at $8,902,000 after purchasing an additional 150,136 shares during the period. Institutional investors own 19.69% of the company’s stock.

Hercules Capital Trading Down 0.9 %

Shares of NYSE:HTGC opened at $17.65 on Friday. The stock has a 50 day moving average of $18.35 and a 200 day moving average of $19.44. The company has a market cap of $3.10 billion, a PE ratio of 10.96 and a beta of 1.13. Hercules Capital, Inc. has a 12-month low of $15.65 and a 12-month high of $22.04. 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) last posted its quarterly earnings results on Thursday, May 1st. The financial services provider reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.01). The firm had revenue of $102.10 million during the quarter, compared to the consensus estimate of $125.43 million. Hercules Capital had a return on equity of 17.19% and a net margin of 53.28%. The business’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 earned $0.50 earnings per share. As a group, equities research analysts expect that Hercules Capital, Inc. will post 1.96 EPS for the current year.

Hercules Capital Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 20th. Stockholders of record on Tuesday, May 13th will be given a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $1.60 annualized dividend and a dividend yield of 9.07%. Hercules Capital’s payout ratio is 99.38%.

Analyst Ratings Changes

A number of brokerages have weighed in on HTGC. Compass Point boosted their target price on shares of Hercules Capital from $18.25 to $20.00 and gave the company a “neutral” rating in a research note on Wednesday, February 19th. Wells Fargo & Company reduced their price objective on Hercules Capital from $21.00 to $19.00 and set an “overweight” rating for the company in a research report on Monday, April 28th. 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, April 8th. UBS Group lowered their price objective on shares of Hercules Capital from $20.00 to $18.00 and set a “neutral” rating on the stock in a research note on Thursday, April 17th. Finally, JMP Securities restated a “market outperform” rating and set a $22.00 target price on shares of Hercules Capital in a research report on Friday, February 14th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Hercules Capital 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.