Raymond James & Associates Grows Stake in Hercules Capital, Inc. (NYSE:HTGC)

Raymond James & Associates raised its stake in Hercules Capital, Inc. (NYSE:HTGCGet Rating) by 17.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 212,659 shares of the financial services provider’s stock after acquiring an additional 32,043 shares during the period. Raymond James & Associates’ holdings in Hercules Capital were worth $2,463,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Vestmark Advisory Solutions Inc. raised its stake in shares of Hercules Capital by 4.9% in the second quarter. Vestmark Advisory Solutions Inc. now owns 16,514 shares of the financial services provider’s stock worth $223,000 after buying an additional 765 shares during the period. Stephens Inc. AR grew its position in shares of Hercules Capital by 3.7% during the second quarter. Stephens Inc. AR now owns 24,452 shares of the financial services provider’s stock worth $330,000 after purchasing an additional 867 shares in the last quarter. BDO Wealth Advisors LLC grew its holdings in Hercules Capital by 76.4% during the 2nd quarter. BDO Wealth Advisors LLC now owns 2,217 shares of the financial services provider’s stock valued at $30,000 after buying an additional 960 shares in the last quarter. Orion Capital Management LLC grew its holdings in Hercules Capital by 33.3% during the 2nd quarter. Orion Capital Management LLC now owns 4,000 shares of the financial services provider’s stock valued at $54,000 after buying an additional 1,000 shares in the last quarter. Finally, Advisory Services Network LLC grew its holdings in Hercules Capital by 3.7% during the 2nd quarter. Advisory Services Network LLC now owns 33,343 shares of the financial services provider’s stock valued at $450,000 after buying an additional 1,175 shares in the last quarter. 23.77% of the stock is owned by hedge funds and other institutional investors.

Hercules Capital Stock Up 1.8 %

NYSE:HTGC opened at $13.90 on Friday. The company has a quick ratio of 2.64, a current ratio of 2.64 and a debt-to-equity ratio of 1.12. The stock’s fifty day moving average is $13.68 and its two-hundred day moving average is $13.89. Hercules Capital, Inc. has a 52 week low of $11.16 and a 52 week high of $19.09. The stock has a market capitalization of $1.81 billion, a price-to-earnings ratio of 43.44 and a beta of 1.43.

Hercules Capital (NYSE:HTGCGet Rating) last announced its quarterly earnings data on Wednesday, November 2nd. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.04. The business had revenue of $84.23 million for the quarter, compared to analysts’ expectations of $79.97 million. Hercules Capital had a return on equity of 12.47% and a net margin of 14.72%. Research analysts anticipate that Hercules Capital, Inc. will post 1.43 EPS for the current year.

Insider Activity

In other Hercules Capital news, CEO Scott Bluestein sold 100,000 shares of the firm’s stock in a transaction dated Monday, November 21st. The stock was sold at an average price of $14.16, for a total transaction of $1,416,000.00. Following the transaction, the chief executive officer now owns 946,621 shares of the company’s stock, valued at $13,404,153.36. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.40% of the company’s stock.

Wall Street Analyst Weigh In

HTGC has been the subject of several research analyst reports. Piper Sandler cut their price target on Hercules Capital from $15.00 to $14.50 in a report on Friday, December 16th. StockNews.com raised Hercules Capital from a “sell” rating to a “hold” rating in a research note on Monday, November 7th. Royal Bank of Canada decreased their price target on Hercules Capital from $17.00 to $16.00 and set an “outperform” rating for the company in a research note on Thursday, November 3rd. Wells Fargo & Company decreased their target price on Hercules Capital from $15.50 to $14.50 and set an “overweight” rating for the company in a research report on Monday, October 24th. Finally, Compass Point cut their price target on Hercules Capital to $15.00 in a report on Tuesday, November 15th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $15.86.

Hercules Capital Profile

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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.

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Institutional Ownership by Quarter for Hercules Capital (NYSE:HTGC)

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