Mirae Asset Global Investments Co. Ltd. Sells 6,007 Shares of Hercules Capital, Inc. (NYSE:HTGC)

Mirae Asset Global Investments Co. Ltd. cut its position in Hercules Capital, Inc. (NYSE:HTGC) by 20.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,715 shares of the financial services provider’s stock after selling 6,007 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Hercules Capital were worth $379,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Nomura Asset Management Co. Ltd. grew its stake in Hercules Capital by 133.4% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 3,786 shares of the financial services provider’s stock valued at $62,000 after buying an additional 2,164 shares during the last quarter. Orion Capital Management LLC acquired a new position in Hercules Capital in the 3rd quarter valued at $66,000. Blue Trust Inc. acquired a new position in Hercules Capital in the 4th quarter valued at $66,000. Global Retirement Partners LLC grew its stake in Hercules Capital by 294.2% in the 4th quarter. Global Retirement Partners LLC now owns 4,785 shares of the financial services provider’s stock valued at $81,000 after buying an additional 3,571 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV acquired a new position in Hercules Capital in the 4th quarter valued at $82,000. 19.69% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently issued reports on HTGC. Wells Fargo & Company raised their target price on shares of Hercules Capital from $17.00 to $18.00 and gave the company an “overweight” rating in a research note on Monday, January 29th. JMP Securities raised their price target on shares of Hercules Capital from $18.00 to $19.00 and gave the stock a “market outperform” rating in a research report on Tuesday, March 26th. Keefe, Bruyette & Woods raised their price target on shares of Hercules Capital from $17.00 to $18.00 and gave the stock a “market perform” rating in a research report on Friday, February 16th. Piper Sandler raised their price target on shares of Hercules Capital from $20.00 to $21.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 10th. Finally, Compass Point lowered shares of Hercules Capital from a “buy” rating to a “neutral” rating and raised their price target for the stock from $17.00 to $17.50 in a research report on Tuesday, January 16th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Hercules Capital currently has an average rating of “Hold” and an average price target of $18.00.

Hercules Capital Price Performance

Shares of Hercules Capital stock opened at $19.08 on Friday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 2.75 and a current ratio of 2.75. The firm’s 50-day simple moving average is $18.34 and its 200-day simple moving average is $17.06. Hercules Capital, Inc. has a twelve month low of $12.40 and a twelve month high of $19.26. The firm has a market cap of $3.09 billion, a P/E ratio of 8.26 and a beta of 1.34.

Hercules Capital (NYSE:HTGC) last issued its earnings results on Thursday, February 15th. The financial services provider reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.06. Hercules Capital had a net margin of 73.26% and a return on equity of 18.60%. The business had revenue of $122.60 million for the quarter, compared to analyst estimates of $117.48 million. During the same period in the previous year, the business earned $0.47 EPS. The firm’s revenue was up 22.4% on a year-over-year basis. As a group, research analysts expect that Hercules Capital, Inc. will post 2.05 EPS for the current fiscal year.

Hercules Capital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 6th. Investors of record on Wednesday, February 28th were issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 10.07%. The ex-dividend date was Tuesday, February 27th. Hercules Capital’s dividend payout ratio is currently 69.26%.

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.