Nomura Asset Management Co. Ltd. Has $80,000 Holdings in Hercules Capital, Inc. (NYSE:HTGC)

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

A number of other institutional investors also recently modified their holdings of the company. Van ECK Associates Corp lifted its stake in Hercules Capital by 10.3% in the 3rd quarter. Van ECK Associates Corp now owns 3,115,419 shares of the financial services provider’s stock valued at $61,873,000 after acquiring an additional 290,579 shares in the last quarter. Sound Income Strategies LLC boosted its holdings in Hercules Capital by 1.8% during the third quarter. Sound Income Strategies LLC now owns 2,737,345 shares of the financial services provider’s stock worth $53,761,000 after purchasing an additional 47,672 shares during the last quarter. Tectonic Advisors LLC grew its position in Hercules Capital by 17.0% in the third quarter. Tectonic Advisors LLC now owns 433,032 shares of the financial services provider’s stock valued at $8,505,000 after purchasing an additional 62,826 shares in the last quarter. Muzinich & Co. Inc. increased its stake in Hercules Capital by 9.9% in the 3rd quarter. Muzinich & Co. Inc. now owns 408,362 shares of the financial services provider’s stock valued at $8,020,000 after buying an additional 36,886 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its position in Hercules Capital by 1,861.8% during the 3rd quarter. International Assets Investment Management LLC now owns 407,119 shares of the financial services provider’s stock worth $79,960,000 after buying an additional 386,367 shares in the last quarter. 19.69% of the stock is currently owned by institutional investors.

Insider Transactions at Hercules Capital

In related news, CEO Scott Bluestein sold 100,000 shares of the company’s stock in a transaction dated 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 approximately $42,338,045.13. This represents a 4.42 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.90% of the stock is currently owned by corporate insiders.

Hercules Capital Trading Down 0.2 %

Shares of NYSE:HTGC opened at $19.41 on Monday. Hercules Capital, Inc. has a 52-week low of $15.68 and a 52-week high of $21.78. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.61 and a current ratio of 1.61. The company has a market capitalization of $3.15 billion, a P/E ratio of 9.61 and a beta of 1.36. The company has a 50-day simple moving average of $19.49 and a 200 day simple moving average of $19.65.

Hercules Capital (NYSE:HTGC) last issued its earnings results on Wednesday, October 30th. The financial services provider reported $0.51 EPS for the quarter, hitting the consensus estimate of $0.51. Hercules Capital had a return on equity of 17.88% and a net margin of 65.07%. The company had revenue of $125.25 million during the quarter, compared to the consensus estimate of $125.80 million. During the same period in the previous year, the company posted $0.52 EPS. Sell-side analysts forecast that Hercules Capital, Inc. will post 2.01 earnings per share for the current year.

Hercules Capital Dividend Announcement

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

Wall Street Analyst Weigh In

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

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.