Mirae Asset Global Investments Co. Ltd. Has $355,000 Stock Holdings in Hercules Capital, Inc. (NYSE:HTGC)

Mirae Asset Global Investments Co. Ltd. reduced its stake in shares of Hercules Capital, Inc. (NYSE:HTGC) by 35.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,717 shares of the financial services provider’s stock after selling 9,602 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Hercules Capital were worth $355,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Avior Wealth Management LLC boosted its position in Hercules Capital by 177.2% in the fourth quarter. Avior Wealth Management LLC now owns 1,802 shares of the financial services provider’s stock valued at $36,000 after buying an additional 1,152 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Hercules Capital by 59,650.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,390 shares of the financial services provider’s stock valued at $47,000 after acquiring an additional 2,386 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in Hercules Capital by 45.6% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 4,086 shares of the financial services provider’s stock worth $80,000 after purchasing an additional 1,279 shares in the last quarter. Nisa Investment Advisors LLC bought a new position in Hercules Capital in the third quarter valued at about $114,000. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Hercules Capital during the second quarter valued at about $229,000. Institutional investors own 19.69% of the company’s stock.

Hercules Capital Stock Performance

HTGC stock opened at $21.10 on Friday. The firm has a market cap of $3.43 billion, a PE ratio of 10.44 and a beta of 1.35. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.94. The stock has a 50-day moving average price of $20.20 and a 200-day moving average price of $19.62. Hercules Capital, Inc. has a 1-year low of $16.95 and a 1-year high of $21.78.

Hercules Capital (NYSE:HTGC) last released its earnings results on Thursday, February 13th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.49. Hercules Capital had a net margin of 65.07% and a return on equity of 17.88%. As a group, equities research analysts expect that Hercules Capital, Inc. will post 2.01 earnings per share for the current year.

Hercules Capital Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 26th will be paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 8.91%. The ex-dividend date is Wednesday, February 26th. Hercules Capital’s dividend payout ratio (DPR) is 79.21%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Keefe, Bruyette & Woods upgraded shares of Hercules Capital from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $19.50 to $21.50 in a report on Thursday, December 12th. Wells Fargo & Company upped their price target on shares of Hercules Capital from $20.00 to $21.00 and gave the company an “overweight” rating in a research report on Tuesday, October 29th. Finally, JMP Securities reissued a “market outperform” rating and issued a $22.00 price objective on shares of Hercules Capital in a research note on Monday, January 6th.

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.