Quantbot Technologies LP Acquires 75,939 Shares of Hercules Capital, Inc. (NYSE:HTGC)

Quantbot Technologies LP increased its holdings in shares of Hercules Capital, Inc. (NYSE:HTGC) by 224.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 109,791 shares of the financial services provider’s stock after purchasing an additional 75,939 shares during the quarter. Quantbot Technologies LP’s holdings in Hercules Capital were worth $2,206,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Left Brain Wealth Management LLC lifted its holdings in shares of Hercules Capital by 32.2% during the fourth quarter. Left Brain Wealth Management LLC now owns 275,876 shares of the financial services provider’s stock valued at $5,542,000 after purchasing an additional 67,215 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Hercules Capital by 511.2% during the third quarter. BNP Paribas Financial Markets now owns 53,068 shares of the financial services provider’s stock valued at $1,042,000 after purchasing an additional 44,386 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of Hercules Capital by 28.0% during the third quarter. Franklin Resources Inc. now owns 387,225 shares of the financial services provider’s stock valued at $7,667,000 after purchasing an additional 84,780 shares in the last quarter. Tectonic Advisors LLC lifted its holdings in shares of 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 in the last quarter. Finally, Sanctuary Advisors LLC lifted its holdings in shares of Hercules Capital by 56.5% during the third quarter. Sanctuary Advisors LLC now owns 18,818 shares of the financial services provider’s stock valued at $353,000 after purchasing an additional 6,792 shares in the last quarter. 19.69% of the stock is owned by institutional investors.

Hercules Capital Stock Performance

Shares of HTGC opened at $19.26 on Monday. The company has a quick ratio of 2.72, a current ratio of 2.72 and a debt-to-equity ratio of 0.89. The business has a 50-day simple moving average of $20.33 and a two-hundred day simple moving average of $19.80. The stock has a market cap of $3.33 billion, a price-to-earnings ratio of 11.96 and a beta of 1.38. Hercules Capital, Inc. has a 52 week low of $16.95 and a 52 week high of $22.04.

Hercules Capital (NYSE:HTGC) last issued its quarterly earnings results on Thursday, February 13th. The financial services provider reported $0.49 EPS for the quarter, hitting analysts’ consensus estimates of $0.49. The business had revenue of $121.78 million during the quarter, compared to analysts’ expectations of $124.09 million. Hercules Capital had a return on equity of 17.19% and a net margin of 53.28%. On average, analysts expect that Hercules Capital, Inc. will post 1.96 EPS for the current year.

Hercules Capital Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 26th were given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 9.76%. The ex-dividend date of this dividend was Wednesday, February 26th. Hercules Capital’s payout ratio is 99.38%.

Analysts Set New Price Targets

HTGC has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods raised Hercules Capital from a “market perform” rating to an “outperform” rating and upped their price target for the company from $19.50 to $21.50 in a report on Thursday, December 12th. JMP Securities reiterated a “market outperform” rating and set a $22.00 price objective on shares of Hercules Capital in a research report on Friday, February 14th. Finally, Compass Point upped their price objective on Hercules Capital from $18.25 to $20.00 and gave the company a “neutral” rating in a research report on Wednesday, February 19th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.40.

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.