Hercules Capital, Inc. $HTGC Shares Bought by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. raised its holdings in Hercules Capital, Inc. (NYSE:HTGC) by 24.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 621,724 shares of the financial services provider’s stock after buying an additional 122,025 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.35% of Hercules Capital worth $11,365,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of HTGC. Kingstone Capital Partners Texas LLC acquired a new stake in Hercules Capital in the second quarter valued at $522,447,000. Cubist Systematic Strategies LLC raised its stake in Hercules Capital by 170.3% in the first quarter. Cubist Systematic Strategies LLC now owns 336,988 shares of the financial services provider’s stock valued at $6,474,000 after buying an additional 212,325 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in Hercules Capital by 126.2% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 369,368 shares of the financial services provider’s stock valued at $7,096,000 after buying an additional 206,066 shares in the last quarter. Credit Agricole S A raised its stake in Hercules Capital by 46.2% in the first quarter. Credit Agricole S A now owns 527,236 shares of the financial services provider’s stock valued at $10,128,000 after buying an additional 166,671 shares in the last quarter. Finally, LPL Financial LLC raised its stake in Hercules Capital by 14.5% in the first quarter. LPL Financial LLC now owns 1,130,362 shares of the financial services provider’s stock valued at $21,714,000 after buying an additional 143,042 shares in the last quarter. 19.69% of the stock is currently owned by institutional investors and hedge funds.

Hercules Capital Stock Down 1.7%

HTGC opened at $17.74 on Thursday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.68 and a current ratio of 1.68. Hercules Capital, Inc. has a one year low of $15.65 and a one year high of $22.04. The business’s 50-day simple moving average is $18.60 and its 200-day simple moving average is $18.39. The stock has a market capitalization of $3.22 billion, a P/E ratio of 11.75 and a beta of 0.96.

Hercules Capital (NYSE:HTGC) last released its quarterly earnings results on Thursday, July 31st. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.03. Hercules Capital had a return on equity of 16.54% and a net margin of 51.46%.The firm had revenue of $137.46 million for the quarter, compared to analyst estimates of $129.47 million. During the same quarter last year, the company posted $0.51 earnings per share. The business’s revenue was up 10.0% on a year-over-year basis. Analysts anticipate 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 will be paid on Wednesday, November 19th. Investors of record on Wednesday, November 12th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Wednesday, November 12th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 9.0%. Hercules Capital’s dividend payout ratio (DPR) is currently 105.96%.

Analyst Upgrades and Downgrades

HTGC has been the topic of a number of analyst reports. Citigroup restated an “outperform” rating on shares of Hercules Capital in a research note on Monday, August 4th. JMP Securities lifted their target price on Hercules Capital from $22.00 to $24.00 and gave the stock a “market outperform” rating in a research report on Monday, August 4th. Piper Sandler cut 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. Weiss Ratings reiterated a “buy (b)” rating on shares of Hercules Capital in a research report on Wednesday, October 8th. Finally, UBS Group cut their target price on Hercules Capital from $19.00 to $18.50 and set a “neutral” rating on the stock in a research report on Tuesday, October 14th. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Hercules Capital presently has a consensus rating of “Moderate Buy” and an average price target of $20.42.

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.