Golden State Wealth Management LLC Makes New Investment in Hercules Capital, Inc. (NYSE:HTGC)

Golden State Wealth Management LLC acquired a new position in shares of Hercules Capital, Inc. (NYSE:HTGC) during the 4th quarter, Holdings Channel.com reports. The firm acquired 115,658 shares of the financial services provider’s stock, valued at approximately $2,324,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Morse Asset Management Inc increased its holdings in shares of Hercules Capital by 1.7% in the 3rd quarter. Morse Asset Management Inc now owns 34,900 shares of the financial services provider’s stock worth $685,000 after acquiring an additional 600 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Hercules Capital by 2.7% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 27,319 shares of the financial services provider’s stock valued at $540,000 after buying an additional 711 shares during the last quarter. Captrust Financial Advisors boosted its position in shares of Hercules Capital by 3.7% during the third quarter. Captrust Financial Advisors now owns 21,215 shares of the financial services provider’s stock worth $417,000 after buying an additional 763 shares during the period. SteelPeak Wealth LLC grew its holdings in Hercules Capital by 2.7% in the 4th quarter. SteelPeak Wealth LLC now owns 30,307 shares of the financial services provider’s stock worth $609,000 after buying an additional 804 shares in the last quarter. Finally, Arkadios Wealth Advisors raised its stake in Hercules Capital by 1.6% during the 3rd quarter. Arkadios Wealth Advisors now owns 55,802 shares of the financial services provider’s stock valued at $1,096,000 after acquiring an additional 900 shares in the last quarter. 19.69% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Hercules Capital Stock Down 0.6 %

HTGC stock opened at $20.81 on Friday. The firm has a market cap of $3.38 billion, a PE ratio of 10.30 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. 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 firm has a 50 day simple moving average of $20.01 and a 200 day simple moving average of $19.63.

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.