Ameriprise Financial Inc. Raises Position in Hercules Capital, Inc. (HTGC)

Ameriprise Financial Inc. increased its stake in shares of Hercules Capital, Inc. (NYSE:HTGC) by 2.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,291 shares of the financial services provider’s stock after buying an additional 331 shares during the period. Ameriprise Financial Inc.’s holdings in Hercules Capital were worth $231,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in HTGC. Advisory Services Network LLC bought a new position in shares of Hercules Capital during the first quarter valued at $223,000. Independent Portfolio Consultants Inc. acquired a new stake in Hercules Capital during the first quarter valued at approximately $223,000. Princeton Alpha Management LP increased its stake in Hercules Capital by 3.1% in the first quarter. Princeton Alpha Management LP now owns 17,211 shares of the financial services provider’s stock valued at $260,000 after buying an additional 523 shares during the last quarter. Suntrust Banks Inc. acquired a new stake in Hercules Capital during the first quarter valued at approximately $271,000. Finally, Nwam LLC acquired a new stake in Hercules Capital during the first quarter valued at approximately $284,000. Hedge funds and other institutional investors own 44.14% of the company’s stock.

Shares of Hercules Capital, Inc. (NYSE:HTGC) opened at 13.26 on Wednesday. The company has a market capitalization of $1.10 billion, a P/E ratio of 21.46 and a beta of 0.82. Hercules Capital, Inc. has a 52-week low of $12.29 and a 52-week high of $15.68. The stock’s 50 day moving average is $13.26 and its 200 day moving average is $14.17.

Hercules Capital (NYSE:HTGC) last released its quarterly earnings data on Thursday, May 4th. The financial services provider reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by $0.01. The firm had revenue of $46.37 million for the quarter, compared to the consensus estimate of $48.33 million. Hercules Capital had a net margin of 26.75% and a return on equity of 13.10%. During the same quarter in the prior year, the business posted $0.32 earnings per share. Equities analysts expect that Hercules Capital, Inc. will post $1.25 EPS for the current year.

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Several equities research analysts have recently commented on HTGC shares. BidaskClub downgraded shares of Hercules Capital from a “strong-buy” rating to a “buy” rating in a research report on Monday. Jefferies Group LLC reissued a “buy” rating and set a $16.00 target price on shares of Hercules Capital in a research report on Friday, July 14th. ValuEngine downgraded shares of Hercules Capital from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 2nd. Wunderlich downgraded shares of Hercules Capital from a “buy” rating to a “hold” rating and decreased their target price for the stock from $16.00 to $13.00 in a research report on Monday, May 8th. Finally, Zacks Investment Research raised shares of Hercules Capital from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 16th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $15.20.

About Hercules Capital

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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