Bleakley Financial Group LLC Lowers Stake in Hercules Capital, Inc. (NYSE:HTGC)

Bleakley Financial Group LLC trimmed its holdings in Hercules Capital, Inc. (NYSE:HTGC) by 6.6% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 38,509 shares of the financial services provider’s stock after selling 2,725 shares during the period. Bleakley Financial Group LLC’s holdings in Hercules Capital were worth $774,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Kathleen S. Wright Associates Inc. acquired a new stake in Hercules Capital during the 3rd quarter worth approximately $31,000. Avior Wealth Management LLC raised its stake in shares of Hercules Capital by 177.2% during the fourth quarter. Avior Wealth Management LLC now owns 1,802 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 1,152 shares during the last quarter. Farther Finance Advisors LLC grew its position in Hercules Capital by 59,650.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,390 shares of the financial services provider’s stock valued at $47,000 after buying an additional 2,386 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its stake in Hercules Capital by 45.6% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 4,086 shares of the financial services provider’s stock valued at $80,000 after buying an additional 1,279 shares during the period. Finally, Armstrong Advisory Group Inc. raised its position in Hercules Capital by 198.9% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 5,380 shares of the financial services provider’s stock worth $106,000 after buying an additional 3,580 shares during the last quarter. Hedge funds and other institutional investors own 19.69% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on HTGC shares. Keefe, Bruyette & Woods upgraded shares of Hercules Capital from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $19.50 to $21.50 in a research note on Thursday, December 12th. Wells Fargo & Company boosted their target price on Hercules Capital from $20.00 to $21.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 29th. Finally, JMP Securities reissued a “market outperform” rating and issued a $22.00 price target on shares of Hercules Capital in a report on Monday, January 6th.

Hercules Capital Trading Up 0.2 %

Shares of HTGC opened at $20.87 on Monday. Hercules Capital, Inc. has a twelve month low of $16.95 and a twelve month high of $21.78. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.94. The firm has a market capitalization of $3.39 billion, a P/E ratio of 10.33 and a beta of 1.35. The firm’s 50-day moving average is $20.05 and its two-hundred day moving average is $19.61.

About Hercules Capital

Hercules Capital, Inc is a business development company. The firm specializing in providing venture debt, debt, senior secured loans, and growth capital to privately held venture capital-backed companies at all stages of development from startups to expansion stage including select publicly listed companies and select special opportunity lower middle market companies that require additional capital to fund acquisitions, recapitalizations and refinancing and established-stage companies.