Hercules Capital, Inc. (NYSE:HTGC) Shares Bought by TFG Advisers LLC

TFG Advisers LLC lifted its stake in shares of Hercules Capital, Inc. (NYSE:HTGC) by 37.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 50,268 shares of the financial services provider’s stock after acquiring an additional 13,614 shares during the period. TFG Advisers LLC’s holdings in Hercules Capital were worth $1,010,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Morse Asset Management Inc lifted its holdings in 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 valued at $685,000 after purchasing an additional 600 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Hercules Capital by 2.7% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 27,319 shares of the financial services provider’s stock valued at $540,000 after acquiring an additional 711 shares during the last quarter. Captrust Financial Advisors raised its stake in 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 purchasing an additional 763 shares during the period. SteelPeak Wealth LLC boosted its holdings in Hercules Capital by 2.7% in the fourth quarter. SteelPeak Wealth LLC now owns 30,307 shares of the financial services provider’s stock valued at $609,000 after acquiring an additional 804 shares during the last quarter. Finally, Arkadios Wealth Advisors grew its stake in Hercules Capital by 1.6% during the third quarter. Arkadios Wealth Advisors now owns 55,802 shares of the financial services provider’s stock worth $1,096,000 after buying an additional 900 shares during the period. Institutional investors and hedge funds own 19.69% of the company’s stock.

Hercules Capital Stock Performance

Shares of HTGC opened at $20.87 on Friday. The firm has a market cap of $3.39 billion, a price-to-earnings ratio of 10.33 and a beta of 1.35. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.94. The business’s 50 day moving average is $20.05 and its two-hundred day moving average is $19.63. Hercules Capital, Inc. has a 52-week low of $16.95 and a 52-week high of $21.78.

Wall Street Analysts Forecast Growth

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

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.