Alliancebernstein L.P. cut its position in Hercules Capital, Inc. (NYSE:HTGC) by 4.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 976,227 shares of the financial services provider’s stock after selling 45,594 shares during the quarter. Alliancebernstein L.P. owned about 1.18% of Hercules Capital worth $12,925,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. CIBC World Markets Inc. boosted its stake in Hercules Capital by 11.5% in the 2nd quarter. CIBC World Markets Inc. now owns 37,598 shares of the financial services provider’s stock valued at $498,000 after purchasing an additional 3,864 shares during the period. WESPAC Advisors LLC boosted its stake in Hercules Capital by 84.7% in the 2nd quarter. WESPAC Advisors LLC now owns 107,258 shares of the financial services provider’s stock valued at $1,420,000 after purchasing an additional 49,194 shares during the period. Cipher Capital LP bought a new stake in Hercules Capital in the 2nd quarter valued at $792,000. Principal Financial Group Inc. boosted its stake in Hercules Capital by 108.0% in the 2nd quarter. Principal Financial Group Inc. now owns 2,957,591 shares of the financial services provider’s stock valued at $39,158,000 after purchasing an additional 1,535,592 shares during the period. Finally, Homrich & Berg boosted its stake in Hercules Capital by 2.3% in the 2nd 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 during the period. Institutional investors and hedge funds own 42.55% of the company’s stock.
Several analysts recently issued reports on the company. ValuEngine downgraded Hercules Capital from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Zacks Investment Research downgraded Hercules Capital from a “hold” rating to a “sell” rating in a research note on Monday, August 7th. JMP Securities restated a “mkt outperform” rating and issued a $14.50 price target on shares of Hercules Capital in a research note on Monday, August 7th. BidaskClub upgraded Hercules Capital from a “sell” rating to a “hold” rating in a research note on Monday, September 18th. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $16.00 price target on shares of Hercules Capital in a research note on Sunday, August 6th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company’s stock. Hercules Capital has a consensus rating of “Hold” and an average price target of $14.94.
Shares of Hercules Capital, Inc. (HTGC) opened at 12.64 on Monday. 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 52-week low of $11.64 and a 52-week high of $15.68. The company has a market capitalization of $1.05 billion, a P/E ratio of 14.00 and a beta of 0.83.
Hercules Capital (NYSE:HTGC) last released its earnings results on Thursday, August 3rd. The financial services provider reported $0.31 earnings per share (EPS) 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 business had revenue of $48.45 million during the quarter, compared to the consensus estimate of $48.25 million. During the same period last year, the business posted $0.32 earnings per share. The business’s revenue for the quarter was up 11.3% on a year-over-year basis. On average, equities analysts expect that Hercules Capital, Inc. will post $1.17 earnings per share for the current year.
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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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