Jump Financial LLC Acquires 50,388 Shares of Hercules Capital, Inc. (NYSE:HTGC)

Jump Financial LLC lifted its holdings in shares of Hercules Capital, Inc. (NYSE:HTGCFree Report) by 43.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 165,400 shares of the financial services provider’s stock after purchasing an additional 50,388 shares during the quarter. Jump Financial LLC owned 0.11% of Hercules Capital worth $2,757,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Sound Income Strategies LLC boosted its position in shares of Hercules Capital by 2.4% during the 4th quarter. Sound Income Strategies LLC now owns 2,580,372 shares of the financial services provider’s stock worth $43,015,000 after acquiring an additional 59,263 shares in the last quarter. Van ECK Associates Corp boosted its position in Hercules Capital by 18.8% in the fourth quarter. Van ECK Associates Corp now owns 2,414,747 shares of the financial services provider’s stock valued at $40,254,000 after buying an additional 381,318 shares in the last quarter. International Assets Investment Management LLC boosted its position in Hercules Capital by 1,567.0% in the fourth quarter. International Assets Investment Management LLC now owns 1,345,736 shares of the financial services provider’s stock valued at $22,433,000 after buying an additional 1,265,008 shares in the last quarter. Advisors Capital Management LLC boosted its position in Hercules Capital by 2.4% in the third quarter. Advisors Capital Management LLC now owns 1,006,309 shares of the financial services provider’s stock valued at $16,524,000 after buying an additional 23,157 shares in the last quarter. Finally, Melia Wealth LLC acquired a new stake in Hercules Capital in the fourth quarter valued at approximately $10,922,000. Institutional investors and hedge funds own 19.69% of the company’s stock.

Wall Street Analysts Forecast Growth

HTGC has been the topic of a number of research analyst reports. JMP Securities raised their target price on shares of Hercules Capital from $19.00 to $20.00 and gave the company a “market outperform” rating in a research report on Friday, May 3rd. Compass Point lowered shares of Hercules Capital from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $17.00 to $17.50 in a report on Tuesday, January 16th. Wells Fargo & Company lifted their price target on shares of Hercules Capital from $19.50 to $20.00 and gave the stock an “overweight” rating in a report on Friday, May 3rd. Keefe, Bruyette & Woods lifted their price target on shares of Hercules Capital from $18.00 to $19.00 and gave the stock a “market perform” rating in a report on Friday, May 3rd. Finally, Piper Sandler lifted their price target on shares of Hercules Capital from $21.00 to $21.50 and gave the stock an “overweight” rating in a report on Friday, May 3rd. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $18.56.

View Our Latest Research Report on Hercules Capital

Hercules Capital Stock Down 1.5 %

HTGC traded down $0.30 during midday trading on Monday, hitting $19.12. The company had a trading volume of 918,797 shares, compared to its average volume of 918,226. The stock’s 50 day moving average price is $18.57 and its 200 day moving average price is $17.33. Hercules Capital, Inc. has a 52 week low of $13.01 and a 52 week high of $20.01. The company has a market capitalization of $3.10 billion, a price-to-earnings ratio of 9.05 and a beta of 1.32. The company has a quick ratio of 2.47, a current ratio of 2.47 and a debt-to-equity ratio of 0.93.

Hercules Capital (NYSE:HTGCGet Free Report) last announced its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.02. Hercules Capital had a net margin of 69.98% and a return on equity of 18.35%. The firm had revenue of $121.55 million for the quarter, compared to analyst estimates of $121.86 million. During the same quarter in the prior year, the business earned $0.47 earnings per share. The business’s quarterly revenue was up 15.7% compared to the same quarter last year. On average, research analysts anticipate that Hercules Capital, Inc. will post 2.06 earnings per share for the current fiscal year.

Hercules Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 21st. Shareholders of record on Tuesday, May 14th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 10.04%. The ex-dividend date of this dividend is Monday, May 13th. Hercules Capital’s dividend payout ratio is currently 72.73%.

Hercules Capital Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Hercules Capital (NYSE:HTGC)

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