PFG Investments LLC Purchases 1,672 Shares of Hercules Capital, Inc. (NYSE:HTGC)

PFG Investments LLC boosted its position in shares of Hercules Capital, Inc. (NYSE:HTGC) by 1.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 112,526 shares of the financial services provider’s stock after purchasing an additional 1,672 shares during the period. PFG Investments LLC’s holdings in Hercules Capital were worth $2,261,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Grimes & Company Inc. increased its holdings in Hercules Capital by 30.6% during the 4th quarter. Grimes & Company Inc. now owns 25,414 shares of the financial services provider’s stock worth $511,000 after purchasing an additional 5,962 shares in the last quarter. Accel Wealth Management grew its holdings in shares of Hercules Capital by 7.3% in the 4th quarter. Accel Wealth Management now owns 17,003 shares of the financial services provider’s stock valued at $342,000 after acquiring an additional 1,154 shares in the last quarter. Sound Income Strategies LLC grew its holdings in shares of Hercules Capital by 2.8% in the 4th quarter. Sound Income Strategies LLC now owns 2,815,214 shares of the financial services provider’s stock valued at $56,558,000 after acquiring an additional 77,869 shares in the last quarter. Cornerstone Wealth Management LLC grew its holdings in shares of Hercules Capital by 7.9% in the 4th quarter. Cornerstone Wealth Management LLC now owns 21,441 shares of the financial services provider’s stock valued at $431,000 after acquiring an additional 1,568 shares in the last quarter. Finally, Avior Wealth Management LLC grew its holdings in shares of Hercules Capital by 177.2% in the 4th quarter. Avior Wealth Management LLC now owns 1,802 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 1,152 shares in the last quarter. Institutional investors own 19.69% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Hercules Capital Trading Up 0.6 %

Shares of HTGC stock opened at $21.07 on Monday. The firm has a 50 day moving average price of $19.63 and a two-hundred day moving average price of $19.63. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $3.42 billion, a PE ratio of 10.43 and a beta of 1.35. Hercules Capital, Inc. has a 12-month low of $16.72 and a 12-month high of $21.78.

Hercules Capital (NYSE:HTGC) last issued its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.51. The firm had revenue of $125.25 million during the quarter, compared to the consensus estimate of $125.80 million. Hercules Capital had a net margin of 65.07% and a return on equity of 17.88%. During the same period last year, the business posted $0.52 earnings per share. As a group, analysts predict that Hercules Capital, Inc. will post 2.01 earnings per share for the current year.

Hercules Capital Profile

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.