Archer Investment Corp Grows Position in Hercules Capital, Inc. (NYSE:HTGC)

Archer Investment Corp lifted its stake in shares of Hercules Capital, Inc. (NYSE:HTGC) by 345.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,325 shares of the financial services provider’s stock after acquiring an additional 1,803 shares during the period. Archer Investment Corp’s holdings in Hercules Capital were worth $47,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Kathleen S. Wright Associates Inc. acquired a new stake in shares of Hercules Capital during the third quarter worth $31,000. Avior Wealth Management LLC boosted its stake in 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 worth $36,000 after buying an additional 1,152 shares during the last quarter. Farther Finance Advisors LLC grew its holdings 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 period. Nomura Asset Management Co. Ltd. increased its stake in shares of Hercules Capital by 45.6% during 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 acquiring an additional 1,279 shares during the last quarter. Finally, Armstrong Advisory Group Inc. lifted its holdings in shares of 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 acquiring an additional 3,580 shares during the period. Hedge funds and other institutional investors own 19.69% of the company’s stock.

Hercules Capital Trading Up 0.2 %

Shares of HTGC stock opened at $20.87 on Friday. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.94. Hercules Capital, Inc. has a fifty-two week low of $16.95 and a fifty-two week high of $21.78. The firm’s 50 day moving average price is $20.05 and its two-hundred day moving average price is $19.63. The stock has a market cap of $3.39 billion, a price-to-earnings ratio of 10.33 and a beta of 1.35.

Analyst Ratings Changes

Several equities analysts recently commented on HTGC shares. Wells Fargo & Company upped their price target on shares of Hercules Capital from $20.00 to $21.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 29th. Keefe, Bruyette & Woods upgraded Hercules Capital from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $19.50 to $21.50 in a report 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 report 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.