Quantbot Technologies LP Has $2.21 Million Holdings in Hercules Capital, Inc. (NYSE:HTGC)

Quantbot Technologies LP raised its position in Hercules Capital, Inc. (NYSE:HTGC - Free Report) by 224.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 109,791 shares of the financial services provider's stock after buying an additional 75,939 shares during the quarter. Quantbot Technologies LP owned 0.07% of Hercules Capital worth $2,206,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Avior Wealth Management LLC increased its stake in 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 acquiring an additional 1,152 shares during the period. Archer Investment Corp raised its stake in Hercules Capital by 345.4% in the fourth quarter. Archer Investment Corp now owns 2,325 shares of the financial services provider's stock valued at $47,000 after purchasing an additional 1,803 shares in the last quarter. Jones Financial Companies Lllp lifted 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 worth $81,000 after purchasing an additional 2,693 shares during the period. Nomura Asset Management Co. Ltd. increased its holdings in Hercules Capital by 45.6% in the 3rd 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 during the period. Finally, Signaturefd LLC raised its position in shares of Hercules Capital by 86.6% in the 4th quarter. Signaturefd LLC now owns 6,634 shares of the financial services provider's stock valued at $133,000 after buying an additional 3,079 shares in the last quarter. Institutional investors and hedge funds own 19.69% of the company's stock.

Hercules Capital Trading Up 0.8 %

Shares of NYSE:HTGC traded up $0.17 during midday trading on Thursday, hitting $19.59. 842,529 shares of the stock were exchanged, compared to its average volume of 997,452. The business's 50-day moving average price is $20.29 and its 200 day moving average price is $19.81. Hercules Capital, Inc. has a 12 month low of $16.95 and a 12 month high of $22.04. 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 stock has a market capitalization of $3.39 billion, a price-to-earnings ratio of 12.16 and a beta of 1.38.

Hercules Capital (NYSE:HTGC - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.49. Hercules Capital had a net margin of 53.28% and a return on equity of 17.19%. The firm had revenue of $121.78 million during the quarter, compared to analysts' expectations of $124.09 million. Analysts predict that Hercules Capital, Inc. will post 1.96 earnings per share for the current year.

Hercules Capital Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 26th were given a $0.47 dividend. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 9.60%. Hercules Capital's dividend payout ratio (DPR) is presently 99.38%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on HTGC. Keefe, Bruyette & Woods upgraded Hercules Capital from a "market perform" rating to an "outperform" rating and lifted their price target for the company from $19.50 to $21.50 in a research note on Thursday, December 12th. Compass Point boosted their target price on Hercules Capital from $18.25 to $20.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 19th. Finally, JMP Securities restated a "market outperform" rating and issued a $22.00 price target on shares of Hercules Capital in a research note on Friday, February 14th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Hercules Capital currently has an average rating of "Moderate Buy" and a consensus target price of $21.40.

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.