Schonfeld Strategic Advisors LLC Purchases Shares of 249,700 Hercules Capital, Inc. (NYSE:HTGC)

Schonfeld Strategic Advisors LLC acquired a new stake in shares of Hercules Capital, Inc. (NYSE:HTGC) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 249,700 shares of the financial services provider’s stock, valued at approximately $5,016,000.

A number of other institutional investors have also recently made changes to their positions in HTGC. Left Brain Wealth Management LLC grew its stake in shares of Hercules Capital by 32.2% in 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 buying an additional 67,215 shares in the last quarter. Franklin Resources Inc. increased its stake in Hercules Capital by 28.0% during the third quarter. Franklin Resources Inc. now owns 387,225 shares of the financial services provider’s stock worth $7,667,000 after acquiring an additional 84,780 shares during the last quarter. Tectonic Advisors LLC raised its position in Hercules Capital by 14.0% during the fourth quarter. Tectonic Advisors LLC now owns 493,808 shares of the financial services provider’s stock valued at $9,921,000 after purchasing an additional 60,776 shares during the period. Marshall Wace LLP bought a new stake in shares of Hercules Capital in the 4th quarter valued at approximately $14,871,000. Finally, Magnetar Financial LLC bought a new position in shares of Hercules Capital during the 4th quarter valued at approximately $324,000. Hedge funds and other institutional investors own 19.69% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on HTGC. UBS Group dropped their price objective on shares of Hercules Capital from $20.00 to $18.00 and set a “neutral” rating for the company in a research note on Thursday, April 17th. Compass Point increased their price objective on shares of Hercules Capital from $18.25 to $20.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 19th. Keefe, Bruyette & Woods dropped their target price on Hercules Capital from $21.50 to $20.50 and set an “outperform” rating for the company in a research report on Tuesday, April 8th. JMP Securities reiterated a “market outperform” rating and issued a $22.00 price target on shares of Hercules Capital in a report on Friday, February 14th. Finally, Wells Fargo & Company dropped their price objective on Hercules Capital from $21.00 to $19.00 and set an “overweight” rating for the company in a report on Monday, April 28th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $19.92.

Hercules Capital Stock Down 0.9 %

NYSE:HTGC opened at $17.65 on Friday. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.72 and a quick ratio of 2.72. The firm has a market cap of $3.10 billion, a PE ratio of 10.96 and a beta of 1.13. The company has a 50-day moving average of $18.35 and a 200 day moving average of $19.44. Hercules Capital, Inc. has a 1-year low of $15.65 and a 1-year high of $22.04.

Hercules Capital (NYSE:HTGC) last issued its quarterly earnings data on Thursday, May 1st. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.01). The business had revenue of $102.10 million for the quarter, compared to analysts’ expectations of $125.43 million. Hercules Capital had a net margin of 53.28% and a return on equity of 17.19%. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.50 earnings per share. As a group, research analysts anticipate that Hercules Capital, Inc. will post 1.96 EPS for the current fiscal year.

Hercules Capital Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 20th. Stockholders of record on Tuesday, May 13th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 9.07%. The ex-dividend date of this dividend is Tuesday, May 13th. Hercules Capital’s payout ratio 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.