Jump Financial LLC Increases Position in Hercules Capital, Inc. (NYSE:HTGC)

Jump Financial LLC boosted its position in Hercules Capital, Inc. (NYSE:HTGC - Free Report) by 47.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 99,252 shares of the financial services provider's stock after acquiring an additional 31,998 shares during the period. Jump Financial LLC owned about 0.06% of Hercules Capital worth $1,994,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Morse Asset Management Inc boosted 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 worth $685,000 after acquiring an additional 600 shares during the last quarter. MML Investors Services LLC boosted its holdings in shares of Hercules Capital by 7.5% in the 3rd quarter. MML Investors Services LLC now owns 26,521 shares of the financial services provider's stock valued at $521,000 after purchasing an additional 1,851 shares during the last quarter. Virtu Financial LLC grew its stake in shares of Hercules Capital by 97.5% during the 3rd quarter. Virtu Financial LLC now owns 19,275 shares of the financial services provider's stock valued at $379,000 after buying an additional 9,517 shares during the period. Sanctuary Advisors LLC increased its holdings in shares of Hercules Capital by 56.5% during the 3rd quarter. Sanctuary Advisors LLC now owns 18,818 shares of the financial services provider's stock worth $353,000 after buying an additional 6,792 shares during the last quarter. Finally, Tidal Investments LLC raised its position in shares of Hercules Capital by 8.1% in the 3rd quarter. Tidal Investments LLC now owns 76,262 shares of the financial services provider's stock worth $1,498,000 after buying an additional 5,704 shares during the period. 19.69% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently commented on HTGC. Piper Sandler cut 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. 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. Compass Point lifted 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. Keefe, Bruyette & Woods dropped their price objective on shares of Hercules Capital from $21.50 to $20.50 and set an "outperform" rating for the company in a research report on Tuesday, April 8th. Finally, JMP Securities restated a "market outperform" rating and set a $22.00 target price on shares of Hercules Capital in a report on Friday, February 14th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Hercules Capital presently has an average rating of "Moderate Buy" and a consensus target price of $20.25.

Hercules Capital Stock Up 1.7 %

Shares of NYSE:HTGC opened at $17.53 on Friday. The company has a market capitalization of $3.08 billion, a price-to-earnings ratio of 10.89 and a beta of 1.13. The company has a 50 day moving average of $19.08 and a two-hundred day moving average of $19.58. Hercules Capital, Inc. has a 52-week low of $15.65 and a 52-week high of $22.04. The company has a quick ratio of 2.72, a current ratio of 2.72 and a debt-to-equity ratio of 0.89.

Hercules Capital (NYSE:HTGC - Get Free Report) last released its quarterly earnings results 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 net margin of 53.28% and a return on equity of 17.19%. The business had revenue of $121.78 million during the quarter, compared to analyst estimates of $124.09 million. As a group, analysts forecast that Hercules Capital, Inc. will post 1.96 earnings per share for the current fiscal year.

Hercules Capital Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders 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 dividend on an annualized basis and a yield of 10.73%. Hercules Capital's dividend payout ratio (DPR) is presently 99.38%.

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.

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