ExodusPoint Capital Management LP Invests $540,000 in Hercules Capital, Inc. (NYSE:HTGC)

ExodusPoint Capital Management LP bought a new position in Hercules Capital, Inc. (NYSE:HTGC - Free Report) in the 4th quarter, according to the company in its most recent filing 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.

Several other hedge funds and other institutional investors also recently modified their holdings of HTGC. Morse Asset Management Inc grew its position in shares of Hercules Capital by 1.7% in the third quarter. Morse Asset Management Inc now owns 34,900 shares of the financial services provider's stock valued at $685,000 after purchasing an additional 600 shares in the last quarter. Naples Global Advisors LLC grew its holdings in Hercules Capital by 1.0% during the 4th quarter. Naples Global Advisors LLC now owns 62,259 shares of the financial services provider's stock valued at $1,251,000 after buying an additional 600 shares in the last quarter. Captrust Financial Advisors increased its position in shares of Hercules Capital by 3.7% during the third quarter. Captrust Financial Advisors now owns 21,215 shares of the financial services provider's stock valued at $417,000 after buying an additional 763 shares during the period. Nations Financial Group Inc. IA ADV lifted its holdings in shares of Hercules Capital by 0.9% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 92,447 shares of the financial services provider's stock worth $1,857,000 after buying an additional 799 shares in the last quarter. Finally, SteelPeak Wealth LLC boosted its position in shares of Hercules Capital by 2.7% in the fourth quarter. SteelPeak Wealth LLC now owns 30,307 shares of the financial services provider's stock valued at $609,000 after acquiring an additional 804 shares during the period. Institutional investors own 19.69% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Compass Point increased their target price on shares of Hercules Capital from $18.25 to $20.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 19th. Keefe, Bruyette & Woods dropped their price objective 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. JMP Securities restated a "market outperform" rating and issued a $22.00 target price on shares of Hercules Capital in a research note on Friday, February 14th. Finally, Piper Sandler dropped their price target on Hercules Capital from $23.00 to $20.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Hercules Capital presently has a consensus rating of "Moderate Buy" and a consensus price target of $20.70.

Hercules Capital Price Performance

HTGC traded up $0.33 during trading on Thursday, reaching $17.56. The stock had a trading volume of 194,600 shares, compared to its average volume of 1,051,244. The company has a debt-to-equity ratio of 0.89, a quick ratio of 2.72 and a current ratio of 2.72. The business has a 50-day moving average of $19.21 and a 200-day moving average of $19.61. Hercules Capital, Inc. has a one year low of $15.65 and a one year high of $22.04. The stock has a market cap of $3.04 billion, a PE ratio of 10.93 and a beta of 1.13.

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. The company had revenue of $121.78 million for the quarter, compared to analysts' expectations of $124.09 million. Hercules Capital had a return on equity of 17.19% and a net margin of 53.28%. As a group, equities research analysts anticipate that Hercules Capital, Inc. will post 1.96 EPS for the current fiscal year.

Hercules Capital Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 26th were paid a $0.47 dividend. The ex-dividend date was Wednesday, February 26th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 10.71%. Hercules Capital's dividend payout ratio (DPR) is 99.38%.

About Hercules Capital

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.