Hercules Capital, Inc. $HTGC Shares Purchased by Jump Financial LLC

Jump Financial LLC grew its holdings in shares of Hercules Capital, Inc. (NYSE:HTGC) by 1,308.2% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 263,509 shares of the financial services provider’s stock after buying an additional 244,796 shares during the period. Jump Financial LLC’s holdings in Hercules Capital were worth $4,817,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the business. Dakota Wealth Management grew its holdings in Hercules Capital by 1.6% during the second quarter. Dakota Wealth Management now owns 37,985 shares of the financial services provider’s stock worth $694,000 after acquiring an additional 600 shares during the period. CWM LLC boosted its position in shares of Hercules Capital by 79.6% during the 2nd quarter. CWM LLC now owns 1,381 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 612 shares in the last quarter. Rockefeller Capital Management L.P. grew its stake in shares of Hercules Capital by 0.5% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 143,346 shares of the financial services provider’s stock worth $2,620,000 after purchasing an additional 697 shares during the period. MAS Advisors LLC grew its stake in shares of Hercules Capital by 3.6% during the 2nd quarter. MAS Advisors LLC now owns 20,992 shares of the financial services provider’s stock worth $384,000 after purchasing an additional 728 shares during the period. Finally, Abundance Wealth Counselors increased its holdings in shares of Hercules Capital by 1.3% in the 2nd quarter. Abundance Wealth Counselors now owns 58,923 shares of the financial services provider’s stock valued at $1,077,000 after purchasing an additional 768 shares in the last quarter. 19.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently commented on HTGC. UBS Group decreased their price objective on shares of Hercules Capital from $19.00 to $18.50 and set a “neutral” rating on the stock in a report on Tuesday, October 14th. Wall Street Zen cut Hercules Capital from a “buy” rating to a “hold” rating in a report on Friday, November 28th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Hercules Capital in a research note on Friday, October 31st. Finally, Piper Sandler decreased their target price on Hercules Capital from $21.00 to $20.50 and set an “overweight” rating on the stock in a research report on Thursday, October 9th. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $20.42.

Insider Buying and Selling

In other news, Director Gayle A. Crowell bought 6,000 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The stock was purchased at an average price of $17.77 per share, with a total value of $106,620.00. Following the purchase, the director owned 78,727 shares of the company’s stock, valued at $1,398,978.79. This trade represents a 8.25% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.80% of the company’s stock.

Hercules Capital Stock Down 0.5%

HTGC stock opened at $18.89 on Wednesday. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.65 and a quick ratio of 1.65. The company’s 50 day simple moving average is $17.84 and its 200-day simple moving average is $18.47. Hercules Capital, Inc. has a 12 month low of $15.65 and a 12 month high of $22.04. The firm has a market capitalization of $3.43 billion, a PE ratio of 10.98 and a beta of 0.85.

Hercules Capital (NYSE:HTGC) last posted its earnings results on Thursday, October 30th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01. The firm had revenue of $138.09 million for the quarter, compared to analyst estimates of $136.95 million. Hercules Capital had a return on equity of 16.13% and a net margin of 60.05%.During the same quarter in the prior year, the company earned $0.51 EPS. Equities analysts expect that Hercules Capital, Inc. will post 1.96 earnings per share for the current fiscal year.

Hercules Capital Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 19th. Investors of record on Wednesday, November 12th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Wednesday, November 12th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 8.5%. Hercules Capital’s dividend payout ratio (DPR) is presently 93.02%.

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.