Hercules Capital, Inc. (NYSE:HTGC) Shares Acquired by XTX Topco Ltd

XTX Topco Ltd lifted its holdings in shares of Hercules Capital, Inc. (NYSE:HTGC - Free Report) by 214.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 47,313 shares of the financial services provider's stock after acquiring an additional 32,257 shares during the period. XTX Topco Ltd's holdings in Hercules Capital were worth $951,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HTGC. Morse Asset Management Inc lifted its holdings in shares of Hercules Capital by 1.7% in the 3rd 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 during the last quarter. MML Investors Services LLC grew its position in shares of Hercules Capital by 7.5% during the third quarter. MML Investors Services LLC now owns 26,521 shares of the financial services provider's stock worth $521,000 after acquiring an additional 1,851 shares during the last quarter. Virtu Financial LLC raised its position in Hercules Capital by 97.5% in the 3rd quarter. Virtu Financial LLC now owns 19,275 shares of the financial services provider's stock valued at $379,000 after purchasing an additional 9,517 shares during the last quarter. Sanctuary Advisors LLC grew its position in 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 purchasing an additional 6,792 shares during the last quarter. Finally, Tidal Investments LLC raised its holdings in shares of Hercules Capital by 8.1% in the third quarter. Tidal Investments LLC now owns 76,262 shares of the financial services provider's stock valued at $1,498,000 after buying an additional 5,704 shares during the last quarter. 19.69% of the stock is owned by institutional investors and hedge funds.

Hercules Capital Price Performance

HTGC traded up $0.30 during trading on Friday, reaching $17.53. 787,321 shares of the stock were exchanged, compared to its average volume of 1,058,225. 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 debt-to-equity ratio of 0.89, a current ratio of 2.72 and a quick ratio of 2.72. Hercules Capital, Inc. has a 1 year low of $15.65 and a 1 year high of $22.04. The business's 50 day moving average price is $19.08 and its two-hundred day moving average price is $19.58.

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 (EPS) for the quarter, hitting analysts' consensus estimates of $0.49. Hercules Capital had a net margin of 53.28% and a return on equity of 17.19%. The company had revenue of $121.78 million during the quarter, compared to analysts' expectations of $124.09 million. As a group, equities research analysts anticipate that Hercules Capital, Inc. will post 1.96 earnings per share for the current 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 issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 10.73%. The ex-dividend date of this dividend was Wednesday, February 26th. Hercules Capital's dividend payout ratio (DPR) is 99.38%.

Wall Street Analysts Forecast Growth

HTGC has been the topic of several analyst reports. 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. UBS Group dropped 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. Piper Sandler lowered their target price on shares of Hercules Capital from $23.00 to $20.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Compass Point increased their price target on shares of Hercules Capital from $18.25 to $20.00 and gave the stock a "neutral" rating in a report on Wednesday, February 19th. Finally, Keefe, Bruyette & Woods lowered their price objective on Hercules Capital from $21.50 to $20.50 and set an "outperform" rating on the stock in a report on Tuesday, April 8th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Hercules Capital presently has a consensus rating of "Moderate Buy" and a consensus price target of $20.25.

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.