Mirae Asset Global Investments Co. Ltd. lowered its holdings in shares of Hercules Capital, Inc. (NYSE:HTGC - Free Report) by 73.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,000 shares of the financial services provider's stock after selling 16,405 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Hercules Capital were worth $110,000 at the end of the most recent quarter.
Several other large investors have also added to or reduced their stakes in the business. Dakota Wealth Management grew its stake 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 purchasing an additional 600 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in Hercules Capital by 2.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 32,832 shares of the financial services provider's stock worth $631,000 after purchasing an additional 628 shares during the period. Graypoint LLC grew its stake in Hercules Capital by 0.4% during the first quarter. Graypoint LLC now owns 165,597 shares of the financial services provider's stock worth $3,181,000 after purchasing an additional 694 shares during the period. Taylor Frigon Capital Management LLC grew its stake in Hercules Capital by 0.7% during the first quarter. Taylor Frigon Capital Management LLC now owns 114,664 shares of the financial services provider's stock worth $2,203,000 after purchasing an additional 823 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its stake in Hercules Capital by 51.8% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,629 shares of the financial services provider's stock worth $51,000 after purchasing an additional 897 shares during the period. Institutional investors and hedge funds own 19.69% of the company's stock.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on the company. JMP Securities raised their target price on Hercules Capital from $22.00 to $24.00 and gave the stock a "market outperform" rating in a research note on Monday, August 4th. Piper Sandler cut their price target on Hercules Capital from $21.00 to $20.50 and set an "overweight" rating on the stock in a report on Thursday. Weiss Ratings reiterated a "buy (b)" rating on shares of Hercules Capital in a report on Wednesday. Citigroup reiterated an "outperform" rating on shares of Hercules Capital in a report on Monday, August 4th. Finally, UBS Group increased their price target on Hercules Capital from $18.50 to $19.00 and gave the stock a "neutral" rating in a report on Wednesday, July 16th. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, Hercules Capital has an average rating of "Moderate Buy" and an average target price of $20.50.
Read Our Latest Stock Analysis on Hercules Capital
Hercules Capital Stock Performance
Shares of Hercules Capital stock opened at $16.72 on Friday. The business's fifty day simple moving average is $19.06 and its 200 day simple moving average is $18.41. The firm has a market capitalization of $3.04 billion, a P/E ratio of 11.07 and a beta of 0.96. Hercules Capital, Inc. has a 12 month low of $15.65 and a 12 month high of $22.04. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.96.
Hercules Capital (NYSE:HTGC - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The financial services provider reported $0.50 EPS for the quarter, topping analysts' consensus estimates of $0.47 by $0.03. The business had revenue of $137.46 million for the quarter, compared to analyst estimates of $129.47 million. Hercules Capital had a return on equity of 16.54% and a net margin of 51.46%.Hercules Capital's quarterly revenue was up 10.0% compared to the same quarter last year. During the same period last year, the company posted $0.51 earnings per share. As a group, analysts anticipate that Hercules Capital, Inc. will post 1.96 EPS for the current year.
Hercules Capital Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 19th. Investors of record on Tuesday, August 12th were issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 11.2%. This is an increase from Hercules Capital's previous quarterly dividend of $0.40. The ex-dividend date was Tuesday, August 12th. Hercules Capital's dividend payout ratio is 105.96%.
About Hercules Capital
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding HTGC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hercules Capital, Inc. (NYSE:HTGC - Free Report).
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