Hercules Capital, Inc. (HTGC) Shares Bought by Pinebridge Investments L.P.

Pinebridge Investments L.P. increased its position in Hercules Capital, Inc. (NYSE:HTGC) by 73.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 43,230 shares of the financial services provider’s stock after acquiring an additional 18,284 shares during the period. Pinebridge Investments L.P. owned about 0.05% of Hercules Capital worth $558,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. OxFORD Asset Management LLP grew its holdings in Hercules Capital by 389.0% during the third quarter. OxFORD Asset Management LLP now owns 72,552 shares of the financial services provider’s stock valued at $926,000 after purchasing an additional 57,716 shares during the period. Wells Fargo & Company MN grew its holdings in Hercules Capital by 6.7% during the third quarter. Wells Fargo & Company MN now owns 1,381,572 shares of the financial services provider’s stock valued at $17,822,000 after purchasing an additional 86,250 shares during the period. JPMorgan Chase & Co. grew its holdings in Hercules Capital by 74.6% during the third quarter. JPMorgan Chase & Co. now owns 9,104 shares of the financial services provider’s stock valued at $116,000 after purchasing an additional 3,891 shares during the period. Legal & General Group Plc grew its holdings in Hercules Capital by 10.3% during the third quarter. Legal & General Group Plc now owns 238,883 shares of the financial services provider’s stock valued at $3,083,000 after purchasing an additional 22,357 shares during the period. Finally, Advisor Group Inc. grew its holdings in Hercules Capital by 55.4% during the third quarter. Advisor Group Inc. now owns 128,619 shares of the financial services provider’s stock valued at $1,659,000 after purchasing an additional 45,835 shares during the period. 38.97% of the stock is owned by institutional investors.

Several analysts have issued reports on HTGC shares. BidaskClub lowered Hercules Capital from a “buy” rating to a “hold” rating in a report on Thursday, August 31st. Raymond James Financial raised Hercules Capital from an “underperform” rating to a “market perform” rating in a report on Friday, November 3rd. Keefe, Bruyette & Woods reissued a “buy” rating and set a $15.00 price target on shares of Hercules Capital in a report on Tuesday, October 24th. Ladenburg Thalmann Financial Services started coverage on Hercules Capital in a report on Monday, November 20th. They set a “buy” rating and a $14.50 price target for the company. Finally, Wedbush started coverage on Hercules Capital in a report on Tuesday, October 24th. They set a “neutral” rating and a $13.25 price target for the company. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $14.36.

Shares of Hercules Capital, Inc. (HTGC) traded down $0.13 during trading on Monday, hitting $13.21. The stock had a trading volume of 41,449 shares, compared to its average volume of 487,200. Hercules Capital, Inc. has a fifty-two week low of $11.64 and a fifty-two week high of $15.68. The stock has a market capitalization of $1,120.00, a P/E ratio of 10.18, a price-to-earnings-growth ratio of 2.29 and a beta of 0.87. The company has a quick ratio of 8.34, a current ratio of 8.34 and a debt-to-equity ratio of 0.87.

Hercules Capital (NYSE:HTGC) last announced its quarterly earnings data on Thursday, November 2nd. The financial services provider reported $0.29 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.29. Hercules Capital had a return on equity of 12.93% and a net margin of 39.73%. The business had revenue of $45.90 million for the quarter, compared to the consensus estimate of $46.22 million. During the same period in the previous year, the business earned $0.32 earnings per share. The business’s revenue was up 1.8% on a year-over-year basis. analysts forecast that Hercules Capital, Inc. will post 1.16 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 20th. Stockholders of record on Monday, November 13th were given a $0.31 dividend. The ex-dividend date of this dividend was Friday, November 10th. This represents a $1.24 annualized dividend and a dividend yield of 9.39%. Hercules Capital’s payout ratio is 136.26%.

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

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