Bristlecone Advisors LLC Grows Stake in Hercules Capital, Inc. (NYSE:HTGC)

Bristlecone Advisors LLC grew its holdings in Hercules Capital, Inc. (NYSE:HTGC) by 12.4% during the fourth quarter, HoldingsChannel reports. The fund owned 47,184 shares of the financial services provider’s stock after purchasing an additional 5,198 shares during the period. Bristlecone Advisors LLC’s holdings in Hercules Capital were worth $948,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in HTGC. International Assets Investment Management LLC grew its stake in Hercules Capital by 1,861.8% during the 3rd quarter. International Assets Investment Management LLC now owns 407,119 shares of the financial services provider’s stock worth $79,960,000 after buying an additional 386,367 shares during the last quarter. Strategic Financial Concepts LLC grew its stake in Hercules Capital by 1,909.0% during the 4th quarter. Strategic Financial Concepts LLC now owns 327,467 shares of the financial services provider’s stock worth $6,579,000 after buying an additional 311,167 shares during the last quarter. Van ECK Associates Corp grew its stake in Hercules Capital by 10.3% during the 3rd quarter. Van ECK Associates Corp now owns 3,115,419 shares of the financial services provider’s stock worth $61,873,000 after buying an additional 290,579 shares during the last quarter. Golden State Wealth Management LLC purchased a new position in Hercules Capital during the 4th quarter worth approximately $2,324,000. Finally, Franklin Resources Inc. grew its stake in Hercules Capital by 28.0% during the 3rd quarter. Franklin Resources Inc. now owns 387,225 shares of the financial services provider’s stock worth $7,667,000 after buying an additional 84,780 shares during the last quarter. Hedge funds and other institutional investors own 19.69% of the company’s stock.

Hercules Capital Stock Down 1.1 %

HTGC opened at $20.63 on Tuesday. 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 business has a 50 day simple moving average of $20.08 and a 200-day simple moving average of $19.60. The stock has a market capitalization of $3.35 billion, a P/E ratio of 10.21 and a beta of 1.35. Hercules Capital, Inc. has a 12 month low of $16.95 and a 12 month high of $21.78.

Analysts Set New Price Targets

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

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.