Bank of New York Mellon Corp Has $1.66 Million Holdings in Hercules Capital, Inc. (NYSE:HTGC)

Bank of New York Mellon Corp grew its holdings in Hercules Capital, Inc. (NYSE:HTGC - Free Report) by 67.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 82,380 shares of the financial services provider's stock after acquiring an additional 33,191 shares during the quarter. Bank of New York Mellon Corp owned 0.05% of Hercules Capital worth $1,655,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Truvestments Capital LLC grew its position in shares of Hercules Capital by 1.4% in the 3rd quarter. Truvestments Capital LLC now owns 136,275 shares of the financial services provider's stock valued at $2,676,000 after purchasing an additional 1,933 shares during the period. D.A. Davidson & CO. increased its position in shares of Hercules Capital by 7.1% during the third quarter. D.A. Davidson & CO. now owns 283,850 shares of the financial services provider's stock worth $5,575,000 after acquiring an additional 18,823 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Hercules Capital by 511.2% during the third quarter. BNP Paribas Financial Markets now owns 53,068 shares of the financial services provider's stock worth $1,042,000 after acquiring an additional 44,386 shares during the period. CreativeOne Wealth LLC bought a new stake in Hercules Capital in the 3rd quarter valued at $274,000. Finally, Rockefeller Capital Management L.P. lifted its position in Hercules Capital by 2.4% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 137,868 shares of the financial services provider's stock valued at $2,708,000 after acquiring an additional 3,239 shares in the last quarter. 19.69% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on HTGC. JMP Securities reissued a "market outperform" rating and issued a $22.00 price target on shares of Hercules Capital in a research note on Friday, February 14th. Compass Point boosted their target price on Hercules Capital from $18.25 to $20.00 and gave the company a "neutral" rating in a research note on Wednesday, February 19th. Finally, Keefe, Bruyette & Woods raised shares of Hercules Capital from a "market perform" rating to an "outperform" rating and raised their price target for the stock from $19.50 to $21.50 in a research note on Thursday, December 12th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $21.40.

Hercules Capital Stock Performance

Shares of HTGC stock traded down $0.09 on Wednesday, reaching $19.41. The stock had a trading volume of 666,751 shares, compared to its average volume of 997,749. Hercules Capital, Inc. has a 12 month low of $16.95 and a 12 month high of $22.04. The firm has a market capitalization of $3.36 billion, a price-to-earnings ratio of 12.05 and a beta of 1.38. The firm's 50-day moving average is $20.31 and its two-hundred day moving average is $19.81. The company has a quick ratio of 2.72, a current ratio of 2.72 and a debt-to-equity ratio of 0.89.

Hercules Capital (NYSE:HTGC - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.49. Hercules Capital had a return on equity of 17.19% and a net margin of 53.28%. The firm had revenue of $121.78 million for the quarter, compared to analyst estimates of $124.09 million. On average, research analysts expect that Hercules Capital, Inc. will post 1.96 EPS for the current fiscal year.

Hercules Capital Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 26th were issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 9.69%. The ex-dividend date was Wednesday, February 26th. Hercules Capital's dividend payout ratio is 99.38%.

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.