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

SteelPeak Wealth LLC boosted its position in shares of Hercules Capital, Inc. (NYSE:HTGC) by 2.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Tectonic Advisors LLC lifted its holdings 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 last quarter. Mackenzie Financial Corp grew its stake in Hercules Capital by 77.0% in the 2nd 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 last quarter. BNP Paribas Financial Markets raised its holdings in Hercules Capital by 511.2% in the 3rd 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 period. Advisors Asset Management Inc. lifted its position in Hercules Capital by 9.3% during the third 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 last quarter. Finally, Franklin Resources Inc. boosted its holdings in shares of Hercules Capital by 28.0% during the third quarter. Franklin Resources Inc. now owns 387,225 shares of the financial services provider’s stock worth $7,667,000 after acquiring an additional 84,780 shares during the period. 19.69% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Keefe, Bruyette & Woods upgraded Hercules Capital from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $19.50 to $21.50 in a research note on Thursday, December 12th. JMP Securities reissued a “market outperform” rating and set a $22.00 target price on shares of Hercules Capital in a report on Monday, January 6th. Finally, Wells Fargo & Company upped their price target 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 Price Performance

Hercules Capital stock opened at $21.06 on Friday. The firm has a market cap of $3.42 billion, a PE ratio of 10.42 and a beta of 1.35. 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’s fifty day moving average price is $19.80 and its two-hundred day moving average price is $19.64. Hercules Capital, Inc. has a one year low of $16.72 and a one year high of $21.78.

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