Point72 Hong Kong Ltd Invests $80,000 in Hercules Capital, Inc. (NYSE:HTGC)

Point72 Hong Kong Ltd bought a new stake in Hercules Capital, Inc. (NYSE:HTGC) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 4,003 shares of the financial services provider’s stock, valued at approximately $80,000.

A number of other large investors have also recently bought and sold shares of the company. Rockefeller Capital Management L.P. raised its holdings in shares of Hercules Capital by 0.4% in the fourth quarter. Rockefeller Capital Management L.P. now owns 138,364 shares of the financial services provider’s stock valued at $2,780,000 after purchasing an additional 496 shares during the last quarter. Naples Global Advisors LLC increased its stake in Hercules Capital by 1.0% in the 4th quarter. Naples Global Advisors LLC now owns 62,259 shares of the financial services provider’s stock valued at $1,251,000 after buying an additional 600 shares during the last quarter. Sand Hill Global Advisors LLC lifted its position in Hercules Capital by 2.5% during the 4th quarter. Sand Hill Global Advisors LLC now owns 27,417 shares of the financial services provider’s stock worth $551,000 after buying an additional 665 shares in the last quarter. Nations Financial Group Inc. IA ADV lifted its position in Hercules Capital by 0.9% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 92,447 shares of the financial services provider’s stock worth $1,857,000 after buying an additional 799 shares in the last quarter. Finally, Baird Financial Group Inc. boosted its stake in shares of Hercules Capital by 8.0% during the 4th quarter. Baird Financial Group Inc. now owns 10,826 shares of the financial services provider’s stock worth $217,000 after buying an additional 802 shares during the last quarter. Institutional investors and hedge funds own 19.69% of the company’s stock.

Hercules Capital Stock Performance

Shares of NYSE HTGC opened at $17.80 on Friday. The company has a current ratio of 2.72, a quick ratio of 2.72 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $3.12 billion, a P/E ratio of 11.06 and a beta of 0.97. Hercules Capital, Inc. has a 12 month low of $15.65 and a 12 month high of $22.04. The stock has a 50 day moving average of $17.96 and a 200-day moving average of $19.26.

Hercules Capital (NYSE:HTGC) last announced its quarterly earnings results 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). Hercules Capital had a net margin of 53.28% and a return on equity of 17.19%. The business had revenue of $102.10 million for the quarter, compared to analyst estimates of $125.43 million. During the same period in the prior year, the business earned $0.50 EPS. The company’s revenue for the quarter was down 1.6% compared to the same quarter last year. As a group, equities research analysts predict that Hercules Capital, Inc. will post 1.96 EPS for the current year.

Hercules Capital Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 20th. Investors of record on Tuesday, May 13th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 8.99%. The ex-dividend date of this dividend is Tuesday, May 13th. Hercules Capital’s payout ratio is 120.30%.

Wall Street Analyst Weigh In

HTGC has been the topic of several analyst reports. JMP Securities reiterated a “market outperform” rating and set a $22.00 target price on shares of Hercules Capital in a report on Friday, February 14th. UBS Group dropped their price objective on Hercules Capital from $20.00 to $18.00 and set a “neutral” rating on the stock in a research note on Thursday, April 17th. Compass Point increased their price objective on Hercules Capital from $18.25 to $20.00 and gave the company a “neutral” rating in a report on Wednesday, February 19th. Wells Fargo & Company lowered their target price on shares of Hercules Capital from $21.00 to $19.00 and set an “overweight” rating on the stock in a report on Monday, April 28th. Finally, Piper Sandler dropped their price target on shares of Hercules Capital from $23.00 to $20.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $19.92.

Insider Buying and Selling

In other news, Director Nikos Theodosopoulos purchased 5,999 shares of Hercules Capital stock in a transaction that occurred on Thursday, May 8th. The stock was acquired at an average cost of $17.49 per share, for a total transaction of $104,922.51. Following the purchase, the director now directly owns 11,960 shares of the company’s stock, valued at $209,180.40. This trade represents a 100.64% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.90% of the stock is currently owned by insiders.

Hercules Capital Company 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.