Avior Wealth Management LLC Increases Stake in Hercules Capital, Inc. (NYSE:HTGC)

Avior Wealth Management LLC boosted its stake in shares of Hercules Capital, Inc. (NYSE:HTGC) by 177.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,802 shares of the financial services provider’s stock after purchasing an additional 1,152 shares during the quarter. Avior Wealth Management LLC’s holdings in Hercules Capital were worth $36,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in HTGC. Kathleen S. Wright Associates Inc. bought a new stake in Hercules Capital during the third quarter valued at about $31,000. Farther Finance Advisors LLC boosted its position in Hercules Capital by 59,650.0% during the third quarter. Farther Finance Advisors LLC now owns 2,390 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 2,386 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its position in Hercules Capital by 45.6% during the third quarter. Nomura Asset Management Co. Ltd. now owns 4,086 shares of the financial services provider’s stock valued at $80,000 after purchasing an additional 1,279 shares in the last quarter. Armstrong Advisory Group Inc. boosted its position in Hercules Capital by 198.9% during the third quarter. Armstrong Advisory Group Inc. now owns 5,380 shares of the financial services provider’s stock valued at $106,000 after purchasing an additional 3,580 shares in the last quarter. Finally, Nisa Investment Advisors LLC bought a new stake in Hercules Capital during the third quarter valued at about $114,000. Institutional investors own 19.69% of the company’s stock.

Hercules Capital Trading Down 1.4 %

Hercules Capital stock opened at $20.73 on Thursday. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.94. Hercules Capital, Inc. has a 52 week low of $16.72 and a 52 week high of $21.78. The company has a market capitalization of $3.37 billion, a price-to-earnings ratio of 10.26 and a beta of 1.35. The stock has a 50-day moving average price of $19.75 and a 200 day moving average price of $19.63.

Hercules Capital (NYSE:HTGC) last released its earnings results on Wednesday, October 30th. The financial services provider reported $0.51 EPS for the quarter, hitting analysts’ consensus estimates of $0.51. Hercules Capital had a return on equity of 17.88% and a net margin of 65.07%. The firm had revenue of $125.25 million during the quarter, compared to the consensus estimate of $125.80 million. During the same quarter in the previous year, the company posted $0.52 earnings per share. Sell-side analysts anticipate that Hercules Capital, Inc. will post 2.01 EPS for the current year.

Wall Street Analyst Weigh In

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

About Hercules Capital

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.