Janney Montgomery Scott LLC Has $5.68 Million Stake in Hercules Capital, Inc. (NYSE:HTGC)

Janney Montgomery Scott LLC decreased its holdings in shares of Hercules Capital, Inc. (NYSE:HTGC) by 7.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 282,713 shares of the financial services provider’s stock after selling 21,145 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Hercules Capital were worth $5,680,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Van ECK Associates Corp grew its holdings in Hercules Capital by 10.3% during the third 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 during the period. Sound Income Strategies LLC grew its holdings in Hercules Capital by 1.8% during the third quarter. Sound Income Strategies LLC now owns 2,737,345 shares of the financial services provider’s stock valued at $53,761,000 after purchasing an additional 47,672 shares during the period. Tectonic Advisors LLC grew its holdings in Hercules Capital by 17.0% during the third quarter. Tectonic Advisors LLC now owns 433,032 shares of the financial services provider’s stock valued at $8,505,000 after purchasing an additional 62,826 shares during the period. Muzinich & Co. Inc. grew its holdings in Hercules Capital by 9.9% during the third quarter. Muzinich & Co. Inc. now owns 408,362 shares of the financial services provider’s stock valued at $8,020,000 after purchasing an additional 36,886 shares during the period. Finally, International Assets Investment Management LLC grew its holdings in Hercules Capital by 1,861.8% during the third quarter. International Assets Investment Management LLC now owns 407,119 shares of the financial services provider’s stock valued at $79,960,000 after purchasing an additional 386,367 shares during the period. Institutional investors and hedge funds own 19.69% of the company’s stock.

Hercules Capital Stock Performance

Shares of HTGC stock opened at $20.73 on Thursday. The company’s fifty day simple moving average is $19.75 and its 200-day simple moving average is $19.63. 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 firm has a market cap of $3.37 billion, a PE ratio of 10.26 and a beta of 1.35. Hercules Capital, Inc. has a 12 month low of $16.72 and a 12 month high of $21.78.

Hercules Capital (NYSE:HTGC) last announced its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.51 EPS for the quarter, hitting analysts’ consensus estimates of $0.51. The business had revenue of $125.25 million for the quarter, compared to analyst estimates of $125.80 million. Hercules Capital had a net margin of 65.07% and a return on equity of 17.88%. During the same quarter in the previous year, the firm posted $0.52 earnings per share. Equities research analysts expect that Hercules Capital, Inc. will post 2.01 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

HTGC has been the topic of a number of research reports. Keefe, Bruyette & Woods raised shares of Hercules Capital from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $19.50 to $21.50 in a research note on Thursday, December 12th. Wells Fargo & Company lifted their price target on shares of Hercules Capital from $20.00 to $21.00 and gave the company an “overweight” rating in a research note on Tuesday, October 29th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $22.00 price target on shares of Hercules Capital in a research note on Monday, January 6th.

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.