Sumitomo Mitsui Trust Holdings Inc. Has $6.19 Million Stock Position in Hercules Capital, Inc. (NYSE:HTGC)

Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Hercules Capital, Inc. (NYSE:HTGC) by 3.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 371,063 shares of the financial services provider’s stock after buying an additional 12,222 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned about 0.25% of Hercules Capital worth $6,186,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in HTGC. Nomura Asset Management Co. Ltd. raised its stake in Hercules Capital by 133.4% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 3,786 shares of the financial services provider’s stock worth $62,000 after buying an additional 2,164 shares during the period. Orion Capital Management LLC acquired a new position in Hercules Capital during the 3rd quarter worth approximately $66,000. Blue Trust Inc. bought a new stake in Hercules Capital during the 4th quarter worth approximately $66,000. Global Retirement Partners LLC increased its holdings in Hercules Capital by 294.2% during the 4th quarter. Global Retirement Partners LLC now owns 4,785 shares of the financial services provider’s stock worth $81,000 after purchasing an additional 3,571 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV bought a new stake in Hercules Capital during the 4th quarter worth approximately $82,000. 19.69% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have commented on HTGC. Wells Fargo & Company boosted their price objective on Hercules Capital from $17.00 to $18.00 and gave the stock an “overweight” rating in a report on Monday, January 29th. Piper Sandler boosted their price objective on Hercules Capital from $20.00 to $21.00 and gave the stock an “overweight” rating in a report on Wednesday, April 10th. JMP Securities boosted their price objective on Hercules Capital from $18.00 to $19.00 and gave the stock a “market outperform” rating in a report on Tuesday, March 26th. Keefe, Bruyette & Woods boosted their price objective on Hercules Capital from $17.00 to $18.00 and gave the stock a “market perform” rating in a report on Friday, February 16th. Finally, Compass Point lowered Hercules Capital from a “buy” rating to a “neutral” rating and upped their target price for the company from $17.00 to $17.50 in a report on Tuesday, January 16th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $18.00.

Hercules Capital Price Performance

Hercules Capital stock opened at $18.86 on Wednesday. Hercules Capital, Inc. has a 12 month low of $12.40 and a 12 month high of $18.92. The company has a current ratio of 2.75, a quick ratio of 2.75 and a debt-to-equity ratio of 0.86. The business’s 50 day simple moving average is $18.28 and its 200 day simple moving average is $17.01. The company has a market cap of $3.06 billion, a price-to-earnings ratio of 8.16 and a beta of 1.34.

Hercules Capital (NYSE:HTGC) last posted its earnings results on Thursday, February 15th. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.06. The firm had revenue of $122.60 million for the quarter, compared to the consensus estimate of $117.48 million. Hercules Capital had a return on equity of 18.60% and a net margin of 73.26%. The business’s quarterly revenue was up 22.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.47 earnings per share. Sell-side analysts forecast that Hercules Capital, Inc. will post 2.05 EPS for the current year.

Hercules Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 6th. Shareholders of record on Wednesday, February 28th were given a dividend of $0.48 per share. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $1.92 annualized dividend and a dividend yield of 10.18%. Hercules Capital’s dividend payout ratio is currently 69.26%.

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.