SteelPeak Wealth LLC Purchases 804 Shares of Hercules Capital, Inc. (NYSE:HTGC)

SteelPeak Wealth LLC lifted its position in shares of Hercules Capital, Inc. (NYSE:HTGC) by 2.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 30,307 shares of the financial services provider’s stock after acquiring an additional 804 shares during the quarter. SteelPeak Wealth LLC’s holdings in Hercules Capital were worth $609,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Tectonic Advisors LLC lifted its position in Hercules Capital by 17.0% during the 3rd quarter. Tectonic Advisors LLC now owns 433,032 shares of the financial services provider’s stock valued at $8,505,000 after purchasing an additional 62,826 shares during the period. Mackenzie Financial Corp lifted its holdings in Hercules Capital by 77.0% in the second quarter. Mackenzie Financial Corp now owns 31,632 shares of the financial services provider’s stock valued at $647,000 after buying an additional 13,765 shares during the period. BNP Paribas Financial Markets boosted its stake in Hercules Capital by 511.2% in the third quarter. BNP Paribas Financial Markets now owns 53,068 shares of the financial services provider’s stock valued at $1,042,000 after acquiring an additional 44,386 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in Hercules Capital by 9.3% during the 3rd quarter. Advisors Asset Management Inc. now owns 406,985 shares of the financial services provider’s stock worth $7,993,000 after acquiring an additional 34,718 shares during the period. Finally, Franklin Resources Inc. raised its position in shares of Hercules Capital by 28.0% during the 3rd quarter. Franklin Resources Inc. now owns 387,225 shares of the financial services provider’s stock valued at $7,667,000 after acquiring an additional 84,780 shares during the last quarter. Institutional investors and hedge funds own 19.69% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Hercules Capital Trading Up 1.6 %

NYSE:HTGC opened at $21.06 on Friday. The business’s 50-day simple moving average is $19.80 and its 200-day simple moving average is $19.64. Hercules Capital, Inc. has a fifty-two week low of $16.72 and a fifty-two week high of $21.78. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.61 and a quick ratio of 1.61. The stock has a market capitalization of $3.42 billion, a PE ratio of 10.42 and a beta of 1.35.

Hercules Capital (NYSE:HTGC) last released its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.51 earnings per share for the quarter, meeting the consensus estimate of $0.51. Hercules Capital had a net margin of 65.07% and a return on equity of 17.88%. The company had revenue of $125.25 million during the quarter, compared to analysts’ expectations of $125.80 million. During the same quarter in the prior year, the company earned $0.52 earnings per share. Sell-side analysts expect that Hercules Capital, Inc. will post 2.01 earnings per share for the current fiscal year.

Hercules Capital Company 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.