Trexquant Investment LP Purchases Shares of 107,332 Hercules Capital, Inc. (NYSE:HTGC)

Trexquant Investment LP purchased a new stake in shares of Hercules Capital, Inc. (NYSE:HTGC - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 107,332 shares of the financial services provider's stock, valued at approximately $2,156,000. Trexquant Investment LP owned 0.07% of Hercules Capital as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in HTGC. Left Brain Wealth Management LLC increased its stake in shares of Hercules Capital by 32.2% during the 4th quarter. Left Brain Wealth Management LLC now owns 275,876 shares of the financial services provider's stock worth $5,542,000 after purchasing an additional 67,215 shares during the last quarter. BNP Paribas Financial Markets increased its position in Hercules Capital by 511.2% in the third quarter. BNP Paribas Financial Markets now owns 53,068 shares of the financial services provider's stock worth $1,042,000 after buying an additional 44,386 shares during the last quarter. Franklin Resources Inc. lifted its position in shares of Hercules Capital by 28.0% during the 3rd quarter. Franklin Resources Inc. now owns 387,225 shares of the financial services provider's stock valued at $7,667,000 after buying an additional 84,780 shares during the last quarter. Tectonic Advisors LLC grew its stake in shares of Hercules Capital by 14.0% during the 4th quarter. Tectonic Advisors LLC now owns 493,808 shares of the financial services provider's stock worth $9,921,000 after acquiring an additional 60,776 shares during the period. Finally, Magnetar Financial LLC bought a new stake in Hercules Capital in the 4th quarter valued at about $324,000. Institutional investors own 19.69% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on HTGC shares. JMP Securities reiterated a "market outperform" rating and issued a $22.00 target price on shares of Hercules Capital in a research note on Friday, February 14th. Keefe, Bruyette & Woods lowered their target price on shares of Hercules Capital from $21.50 to $20.50 and set an "outperform" rating on the stock in a report on Tuesday, April 8th. 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 report on Tuesday, April 8th. Finally, Compass Point lifted their price target on Hercules Capital from $18.25 to $20.00 and gave the company a "neutral" rating in a research report on Wednesday, February 19th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $20.70.

Hercules Capital Price Performance

Shares of Hercules Capital stock traded up $0.17 during trading on Monday, hitting $17.00. The stock had a trading volume of 135,784 shares, compared to its average volume of 1,050,635. 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, Inc. has a 12 month low of $15.65 and a 12 month high of $22.04. The firm has a market cap of $2.94 billion, a price-to-earnings ratio of 10.56 and a beta of 1.13. The business's 50-day moving average is $19.43 and its 200 day moving average is $19.66.

Hercules Capital (NYSE:HTGC - Get Free Report) last announced its earnings results on Thursday, February 13th. The financial services provider reported $0.49 earnings per share for the quarter, hitting analysts' consensus estimates of $0.49. The business had revenue of $121.78 million for the quarter, compared to analyst estimates of $124.09 million. Hercules Capital had a return on equity of 17.19% and a net margin of 53.28%. As a group, sell-side analysts anticipate that Hercules Capital, Inc. will post 1.96 earnings per share for the current year.

Hercules Capital Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 26th were given 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 11.06%. Hercules Capital's payout ratio is presently 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.