Hercules Capital, Inc. (HTGC) Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC lessened its stake in Hercules Capital, Inc. (NYSE:HTGC) by 42.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,955 shares of the financial services provider’s stock after selling 13,863 shares during the quarter. Private Advisor Group LLC’s holdings in Hercules Capital were worth $255,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in HTGC. BB&T Securities LLC raised its stake in Hercules Capital by 284.2% during the second quarter. BB&T Securities LLC now owns 55,940 shares of the financial services provider’s stock valued at $740,000 after purchasing an additional 41,379 shares in the last quarter. Parametric Portfolio Associates LLC raised its stake in Hercules Capital by 19.5% during the first quarter. Parametric Portfolio Associates LLC now owns 179,241 shares of the financial services provider’s stock valued at $2,712,000 after purchasing an additional 29,223 shares in the last quarter. Homrich & Berg raised its stake in Hercules Capital by 2.3% during the second quarter. Homrich & Berg now owns 72,599 shares of the financial services provider’s stock valued at $961,000 after purchasing an additional 1,632 shares in the last quarter. Clough Capital Partners L P raised its stake in Hercules Capital by 12.7% during the first quarter. Clough Capital Partners L P now owns 386,700 shares of the financial services provider’s stock valued at $5,851,000 after purchasing an additional 43,500 shares in the last quarter. Finally, Muzinich & Co. Inc. raised its stake in Hercules Capital by 85.3% during the first quarter. Muzinich & Co. Inc. now owns 3,626,672 shares of the financial services provider’s stock valued at $54,872,000 after purchasing an additional 1,669,396 shares in the last quarter. 42.55% of the stock is currently owned by hedge funds and other institutional investors.

HTGC has been the topic of a number of recent research reports. ValuEngine downgraded shares of 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 set a $15.00 price target on shares of Hercules Capital in a research note on Tuesday, July 4th. Jefferies Group LLC reaffirmed a “buy” rating and set a $16.00 price target on shares of Hercules Capital in a research note on Friday, July 14th. BidaskClub downgraded shares of Hercules Capital from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Finally, Raymond James Financial, Inc. reaffirmed an “underperform” rating on shares of Hercules Capital in a research note on Friday, August 4th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $14.94.

Hercules Capital, Inc. (NYSE HTGC) opened at 12.52 on Thursday. Hercules Capital, Inc. has a 52-week low of $11.64 and a 52-week high of $15.68. The company has a market cap of $1.04 billion, a PE ratio of 13.86 and a beta of 0.83. The firm’s 50-day moving average is $12.57 and its 200-day moving average is $13.62.

Hercules Capital (NYSE:HTGC) last posted its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $0.31 EPS for the quarter, hitting the consensus estimate of $0.31. Hercules Capital had a return on equity of 12.93% and a net margin of 38.69%. The business had revenue of $48.45 million for the quarter, compared to analyst estimates of $48.25 million. During the same quarter in the previous year, the firm earned $0.32 EPS. The company’s quarterly revenue was up 11.3% compared to the same quarter last year. On average, equities research analysts anticipate that Hercules Capital, Inc. will post $1.17 EPS for the current year.

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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.

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

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