Stephens Inc. AR cut its stake in Hercules Capital, Inc. (NYSE:HTGC) by 3.6% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 27,949 shares of the financial services provider’s stock after selling 1,058 shares during the quarter. Stephens Inc. AR’s holdings in Hercules Capital were worth $370,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Global X Management Co. LLC increased its stake in shares of Hercules Capital by 50.0% in the 1st quarter. Global X Management Co. LLC now owns 9,196 shares of the financial services provider’s stock worth $139,000 after acquiring an additional 3,067 shares during the last quarter. Eagle Global Advisors LLC acquired a new stake in shares of Hercules Capital in the 2nd quarter worth $154,000. Financial Counselors Inc. acquired a new stake in shares of Hercules Capital in the 2nd quarter worth $154,000. United Capital Financial Advisers LLC acquired a new stake in shares of Hercules Capital in the 1st quarter worth $157,000. Finally, HighTower Advisors LLC increased its stake in shares of Hercules Capital by 0.6% in the 1st quarter. HighTower Advisors LLC now owns 12,093 shares of the financial services provider’s stock worth $183,000 after acquiring an additional 72 shares during the last quarter. 42.55% of the stock is owned by institutional investors and hedge funds.
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Hercules Capital, Inc. (HTGC) opened at 12.52 on Thursday. The stock has a market capitalization of $1.04 billion, a PE ratio of 13.86 and a beta of 0.83. The stock’s 50 day moving average price is $12.57 and its 200-day moving average price is $13.62. Hercules Capital, Inc. has a 12-month low of $11.64 and a 12-month high of $15.68.
Hercules Capital (NYSE:HTGC) last released its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $0.31 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.31. Hercules Capital had a return on equity of 12.93% and a net margin of 38.69%. The company had revenue of $48.45 million during the quarter, compared to analysts’ expectations of $48.25 million. During the same period in the previous year, the firm posted $0.32 earnings per share. The business’s revenue for the quarter was up 11.3% compared to the same quarter last year. Analysts expect that Hercules Capital, Inc. will post $1.17 earnings per share for the current year.
HTGC has been the subject of a number of recent research reports. BidaskClub downgraded Hercules Capital from a “buy” rating to a “hold” rating in a research note on Thursday, August 31st. ValuEngine downgraded Hercules Capital from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 2nd. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $15.00 target price on shares of Hercules Capital in a research note on Tuesday, July 4th. Raymond James Financial, Inc. reaffirmed an “underperform” rating on shares of Hercules Capital in a research note on Friday, August 4th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $16.00 target price on shares of Hercules Capital in a research note on Wednesday, August 16th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. Hercules Capital has an average rating of “Hold” and a consensus price target of $14.94.
Hercules Capital Profile
Hercules Capital, Inc is a specialty finance company. The Company is an internally managed, non-diversified, closed-end investment company. The Company focuses on providing senior secured venture growth loans to venture capital-backed companies in a range of technology, life sciences, and sustainable and renewable technology industries.
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