Silver Capital Management LLC boosted its position in shares of Hercules Capital, Inc. (NYSE:HTGC) by 11.8% during the second quarter, Holdings Channel reports. The fund owned 49,173 shares of the financial services provider’s stock after buying an additional 5,200 shares during the period. Hercules Capital comprises 2.6% of Silver Capital Management LLC’s holdings, making the stock its 16th largest position. Silver Capital Management LLC’s holdings in Hercules Capital were worth $651,000 as of its most recent filing with the SEC.
Other hedge funds have also recently made changes to their positions in the company. Muzinich & Co. Inc. raised its stake in shares of Hercules Capital by 85.3% in the first quarter. Muzinich & Co. Inc. now owns 3,626,672 shares of the financial services provider’s stock worth $54,872,000 after buying an additional 1,669,396 shares during the last quarter. Granite Investment Partners LLC purchased a new stake in shares of Hercules Capital during the first quarter worth approximately $9,428,000. UBS Group AG raised its stake in shares of Hercules Capital by 26.7% in the first quarter. UBS Group AG now owns 2,303,026 shares of the financial services provider’s stock worth $34,845,000 after buying an additional 485,745 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD raised its stake in shares of Hercules Capital by 77.8% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 542,251 shares of the financial services provider’s stock worth $8,204,000 after buying an additional 237,203 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of Hercules Capital by 13.0% in the first quarter. Principal Financial Group Inc. now owns 1,421,999 shares of the financial services provider’s stock worth $21,515,000 after buying an additional 163,780 shares during the last quarter. 44.17% of the stock is currently owned by hedge funds and other institutional investors.
Hercules Capital, Inc. (NYSE:HTGC) opened at 13.35 on Thursday. The stock’s 50 day moving average price is $13.30 and its 200-day moving average price is $14.13. The company has a market capitalization of $1.11 billion, a P/E ratio of 21.60 and a beta of 0.82. Hercules Capital, Inc. has a 12 month low of $12.29 and a 12 month high of $15.68.
Hercules Capital (NYSE:HTGC) last issued its earnings results on Thursday, May 4th. The financial services provider reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.29 by $0.01. The company had revenue of $46.37 million for the quarter, compared to analysts’ expectations 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 company earned $0.32 earnings per share. On average, equities research analysts predict that Hercules Capital, Inc. will post $1.24 EPS for the current fiscal year.
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HTGC has been the topic of a number of recent research reports. Keefe, Bruyette & Woods reissued an “outperform” rating on shares of Hercules Capital in a research note on Thursday, April 6th. Jefferies Group LLC reissued a “buy” rating and set a $16.00 price target on shares of Hercules Capital in a research note on Friday, May 12th. Zacks Investment Research raised Hercules Capital from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 16th. Wunderlich downgraded Hercules Capital from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $16.00 to $13.00 in a research report on Monday, May 8th. Finally, ValuEngine downgraded Hercules Capital from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 2nd. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $15.20.
Hercules Capital Company 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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