ExodusPoint Capital Management LP Buys Shares of 26,900 Hercules Capital, Inc. (NYSE:HTGC)

ExodusPoint Capital Management LP purchased a new position in shares of Hercules Capital, Inc. (NYSE:HTGC) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 26,900 shares of the financial services provider’s stock, valued at approximately $540,000.

Several other institutional investors and hedge funds have also recently modified their holdings of HTGC. Trexquant Investment LP purchased a new position in Hercules Capital during the fourth quarter worth about $2,156,000. Franklin Resources Inc. raised its position in shares of Hercules Capital by 0.5% during the 4th quarter. Franklin Resources Inc. now owns 389,280 shares of the financial services provider’s stock valued at $7,821,000 after buying an additional 2,055 shares during the period. DnB Asset Management AS lifted its holdings in Hercules Capital by 9.9% in the fourth quarter. DnB Asset Management AS now owns 153,965 shares of the financial services provider’s stock valued at $3,093,000 after acquiring an additional 13,859 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its holdings in Hercules Capital by 301.1% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 16,388 shares of the financial services provider’s stock valued at $329,000 after acquiring an additional 12,302 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in Hercules Capital by 51.2% in the fourth quarter. JPMorgan Chase & Co. now owns 443,114 shares of the financial services provider’s stock worth $8,902,000 after acquiring an additional 150,136 shares during the period. Institutional investors and hedge funds own 19.69% of the company’s stock.

Analyst Ratings Changes

HTGC has been the topic of several recent analyst reports. Piper Sandler decreased their price target on Hercules Capital from $23.00 to $20.00 and set an “overweight” rating on the stock in a research note on Tuesday. JMP Securities reaffirmed a “market outperform” rating and issued a $22.00 target price on shares of Hercules Capital in a research report on Friday, February 14th. Compass Point increased their target price on shares of Hercules Capital from $18.25 to $20.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 19th. Finally, Keefe, Bruyette & Woods reduced their price target on shares of Hercules Capital from $21.50 to $20.50 and set an “outperform” rating on the stock in a research note on Tuesday. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $20.70.

Hercules Capital Stock Performance

NYSE HTGC opened at $16.82 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 company has a market cap of $2.91 billion, a P/E ratio of 10.45 and a beta of 1.13. The stock has a 50-day moving average of $19.43 and a two-hundred day moving average of $19.66. Hercules Capital, Inc. has a 1-year low of $15.65 and a 1-year high of $22.04.

Hercules Capital (NYSE:HTGC) last posted its quarterly earnings data on Thursday, February 13th. The financial services provider reported $0.49 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 business had revenue of $121.78 million during the quarter, compared to analyst estimates of $124.09 million. As a group, analysts anticipate that Hercules Capital, Inc. will post 1.96 EPS for the current year.

Hercules Capital Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 26th were given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 11.18%. The ex-dividend date was Wednesday, February 26th. Hercules Capital’s dividend payout ratio is currently 99.38%.

Hercules Capital 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.