Citigroup Inc. Has $352,000 Position in Hercules Capital Inc (HTGC)
Citigroup Inc. lessened its position in shares of Hercules Capital Inc (NYSE:HTGC) by 58.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 26,564 shares of the financial services provider’s stock after selling 37,178 shares during the quarter. Citigroup Inc.’s holdings in Hercules Capital were worth $352,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in HTGC. Global X Management Co. LLC grew its position in Hercules Capital by 50.0% during the first quarter. Global X Management Co. LLC now owns 9,196 shares of the financial services provider’s stock valued at $139,000 after buying an additional 3,067 shares during the period. Eagle Global Advisors LLC acquired a new stake in Hercules Capital during the second quarter valued at $154,000. Financial Counselors Inc. acquired a new stake in Hercules Capital during the second quarter valued at $154,000. United Capital Financial Advisers LLC acquired a new stake in Hercules Capital during the first quarter valued at $157,000. Finally, HighTower Advisors LLC grew its position in Hercules Capital by 0.6% during the first quarter. HighTower Advisors LLC now owns 12,093 shares of the financial services provider’s stock valued at $183,000 after buying an additional 72 shares during the period. Institutional investors own 42.55% of the company’s stock.
Shares of Hercules Capital Inc (NYSE HTGC) opened at 12.69 on Tuesday. The stock has a 50 day moving average of $12.50 and a 200 day moving average of $13.34. Hercules Capital Inc has a 12 month low of $11.64 and a 12 month high of $15.68. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of 14.05 and a beta of 0.85.
Hercules Capital (NYSE:HTGC) last announced its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.31. The business had revenue of $48.45 million during the quarter, compared to the consensus estimate of $48.25 million. Hercules Capital had a net margin of 38.69% and a return on equity of 12.93%. The business’s revenue was up 11.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.32 EPS. On average, equities research analysts expect that Hercules Capital Inc will post $1.17 EPS for the current fiscal year.
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Several analysts recently commented on HTGC shares. BidaskClub lowered shares of Hercules Capital from a “hold” rating to a “sell” rating in a research report on Tuesday, September 12th. Compass Point upgraded shares of Hercules Capital from a “neutral” rating to a “buy” rating and set a $13.00 price target on the stock in a research report on Friday, September 8th. Jefferies Group LLC restated a “buy” rating and set a $16.00 price target on shares of Hercules Capital in a research report on Wednesday, August 16th. Raymond James Financial, Inc. restated an “underperform” rating on shares of Hercules Capital in a research report on Friday, August 4th. Finally, ValuEngine lowered shares of Hercules Capital from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $14.50.
Hercules Capital Company Profile
Hercules Capital, Inc is a specialty finance company. The Company is an internally managed, non-diversified, closed-end investment company. The Company focuses on providing senior secured venture growth loans to venture capital-backed companies in a range of technology, life sciences, and sustainable and renewable technology industries.
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