Nomura Asset Management Co. Ltd. Buys 1,279 Shares of Hercules Capital, Inc. (NYSE:HTGC)

Nomura Asset Management Co. Ltd. raised its stake in Hercules Capital, Inc. (NYSE:HTGC) by 45.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,086 shares of the financial services provider’s stock after acquiring an additional 1,279 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Hercules Capital were worth $80,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. International Assets Investment Management LLC increased its stake in Hercules Capital by 1,861.8% in the third quarter. International Assets Investment Management LLC now owns 407,119 shares of the financial services provider’s stock valued at $79,960,000 after acquiring an additional 386,367 shares during the last quarter. Strategic Financial Concepts LLC raised its holdings in shares of Hercules Capital by 2,067.0% during the 2nd quarter. Strategic Financial Concepts LLC now owns 353,221 shares of the financial services provider’s stock worth $72,000 after buying an additional 336,921 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of Hercules Capital by 11.8% during the 2nd quarter. Van ECK Associates Corp now owns 2,824,840 shares of the financial services provider’s stock worth $57,768,000 after buying an additional 298,992 shares during the last quarter. TrueMark Investments LLC acquired a new stake in Hercules Capital in the second quarter valued at about $3,015,000. Finally, Legacy Capital Wealth Partners LLC bought a new position in Hercules Capital in the second quarter valued at about $2,005,000. 19.69% of the stock is currently owned by institutional investors.

Insider Activity at Hercules Capital

In related news, CEO Scott Bluestein sold 100,000 shares of the business’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $19.59, for a total value of $1,959,000.00. Following the transaction, the chief executive officer now owns 2,161,207 shares in the company, valued at $42,338,045.13. The trade was a 4.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.90% of the stock is currently owned by company insiders.

Hercules Capital Stock Down 0.2 %

NYSE:HTGC opened at $19.41 on Monday. Hercules Capital, Inc. has a one year low of $15.68 and a one year high of $21.78. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.61 and a quick ratio of 1.61. The company has a market cap of $3.15 billion, a PE ratio of 9.61 and a beta of 1.36. The firm’s 50 day simple moving average is $19.49 and its 200 day simple moving average is $19.65.

Hercules Capital (NYSE:HTGC) last issued its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.51 earnings per share for the quarter, hitting the consensus estimate of $0.51. The company had revenue of $125.25 million for the quarter, compared to analysts’ expectations of $125.80 million. Hercules Capital had a net margin of 65.07% and a return on equity of 17.88%. During the same quarter in the previous year, the firm posted $0.52 earnings per share. On average, research analysts anticipate that Hercules Capital, Inc. will post 2.01 earnings per share for the current year.

Hercules Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Wednesday, November 13th were paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.89%. The ex-dividend date was Wednesday, November 13th. Hercules Capital’s dividend payout ratio is currently 79.21%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on HTGC shares. JMP Securities restated a “market outperform” rating and issued a $22.00 price target on shares of Hercules Capital in a research note on Friday, December 6th. Keefe, Bruyette & Woods upgraded shares of Hercules Capital from a “market perform” rating to an “outperform” rating and raised their target price for the company from $19.50 to $21.50 in a research report on Thursday. Finally, Wells Fargo & Company upped their price target on shares of Hercules Capital from $20.00 to $21.00 and gave the stock an “overweight” rating in a report on Tuesday, October 29th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Hercules Capital has an average rating of “Moderate Buy” and a consensus target price of $20.90.

About Hercules Capital

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.