WFG Advisors LP decreased its position in Hercules Capital, Inc. (NYSE:HTGC) by 70.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,182 shares of the financial services provider’s stock after selling 21,892 shares during the period. WFG Advisors LP’s holdings in Hercules Capital were worth $122,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Muzinich & Co. Inc. lifted its holdings in Hercules Capital by 9.1% in the second quarter. Muzinich & Co. Inc. now owns 3,957,236 shares of the financial services provider’s stock valued at $52,394,000 after buying an additional 330,564 shares during the period. Principal Financial Group Inc. lifted its holdings in Hercules Capital by 108.0% in the second quarter. Principal Financial Group Inc. now owns 2,957,591 shares of the financial services provider’s stock valued at $39,158,000 after buying an additional 1,535,592 shares during the period. Advisors Capital Management LLC lifted its holdings in Hercules Capital by 14.0% in the second quarter. Advisors Capital Management LLC now owns 934,858 shares of the financial services provider’s stock valued at $12,378,000 after buying an additional 114,808 shares during the period. Ares Management LLC lifted its holdings in Hercules Capital by 654.8% in the second quarter. Ares Management LLC now owns 764,189 shares of the financial services provider’s stock valued at $10,117,000 after buying an additional 662,950 shares during the period. Finally, Van ECK Associates Corp lifted its holdings in Hercules Capital by 15.0% in the second quarter. Van ECK Associates Corp now owns 671,173 shares of the financial services provider’s stock valued at $8,886,000 after buying an additional 87,399 shares during the period. Institutional investors and hedge funds own 42.55% of the company’s stock.

Shares of Hercules Capital, Inc. (HTGC) opened at 12.71 on Friday. The company has a market capitalization of $1.05 billion, a P/E ratio of 14.08 and a beta of 0.85. The firm has a 50-day moving average of $12.54 and a 200 day moving average of $13.28. Hercules Capital, Inc. has a 1-year low of $11.64 and a 1-year high of $15.68.

Hercules Capital (NYSE:HTGC) last posted its earnings results on Thursday, August 3rd. The financial services provider reported $0.31 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.31. Hercules Capital had a net margin of 38.69% and a return on equity of 12.93%. The firm had revenue of $48.45 million during the quarter, compared to analysts’ expectations of $48.25 million. During the same period last year, the company posted $0.32 EPS. The company’s quarterly revenue was up 11.3% compared to the same quarter last year. On average, equities research analysts expect that Hercules Capital, Inc. will post $1.17 earnings per share for the current year.

Several equities analysts recently issued reports on the stock. Compass Point upgraded shares of Hercules Capital from a “neutral” rating to a “buy” rating and set a $13.00 target price on the stock in a report on Friday, September 8th. Jefferies Group LLC restated a “buy” rating and issued a $16.00 target price on shares of Hercules Capital in a report on Wednesday, August 16th. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $15.00 target price on shares of Hercules Capital in a report on Tuesday, July 4th. Zacks Investment Research lowered shares of Hercules Capital from a “hold” rating to a “sell” rating in a report on Monday, August 7th. Finally, BidaskClub lowered shares of Hercules Capital from a “hold” rating to a “sell” rating in a report on Tuesday, September 12th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. Hercules Capital currently has a consensus rating of “Hold” and a consensus target price of $14.50.

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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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Institutional Ownership by Quarter for Hercules Capital (NYSE:HTGC)

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