Hercules Capital, Inc. (NYSE:HTGC) Shares Bought by Tectonic Advisors LLC

Tectonic Advisors LLC grew its holdings in Hercules Capital, Inc. (NYSE:HTGC) by 14.0% in the 4th quarter, HoldingsChannel reports. The firm owned 493,808 shares of the financial services provider’s stock after purchasing an additional 60,776 shares during the quarter. Hercules Capital makes up 0.6% of Tectonic Advisors LLC’s holdings, making the stock its 29th biggest holding. Tectonic Advisors LLC’s holdings in Hercules Capital were worth $9,921,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the business. International Assets Investment Management LLC lifted its stake in Hercules Capital by 1,861.8% in the third quarter. International Assets Investment Management LLC now owns 407,119 shares of the financial services provider’s stock worth $79,960,000 after acquiring an additional 386,367 shares during the last quarter. Van ECK Associates Corp raised its holdings in shares of Hercules Capital by 10.3% in the 3rd quarter. Van ECK Associates Corp now owns 3,115,419 shares of the financial services provider’s stock valued at $61,873,000 after purchasing an additional 290,579 shares in the last quarter. Franklin Resources Inc. grew its stake 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 purchasing an additional 84,780 shares in the last quarter. Sound Income Strategies LLC raised its stake in Hercules Capital by 2.8% in the fourth quarter. Sound Income Strategies LLC now owns 2,815,214 shares of the financial services provider’s stock valued at $56,558,000 after buying an additional 77,869 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in Hercules Capital by 511.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 53,068 shares of the financial services provider’s stock worth $1,042,000 after buying an additional 44,386 shares during the last quarter. Institutional investors and hedge funds own 19.69% of the company’s stock.

Hercules Capital Price Performance

HTGC stock opened at $21.00 on Wednesday. The business has a 50 day simple moving average of $19.93 and a 200-day simple moving average of $19.61. The company has a market capitalization of $3.41 billion, a P/E ratio of 10.39 and a beta of 1.35. Hercules Capital, Inc. has a twelve month low of $16.95 and a twelve month high of $21.78. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.94.

Wall Street Analysts Forecast Growth

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

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.