Sound Income Strategies LLC increased its position in Hercules Capital Inc (NYSE:HTGC) by 4.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,169,385 shares of the financial services provider’s stock after purchasing an additional 52,021 shares during the quarter. Hercules Capital accounts for 6.7% of Sound Income Strategies LLC’s portfolio, making the stock its 7th largest position. Sound Income Strategies LLC owned 1.21% of Hercules Capital worth $12,922,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. Granite Investment Partners LLC boosted its stake in Hercules Capital by 5.2% during the 3rd quarter. Granite Investment Partners LLC now owns 1,229,962 shares of the financial services provider’s stock valued at $16,186,000 after acquiring an additional 60,974 shares during the last quarter. Advisors Capital Management LLC boosted its stake in Hercules Capital by 8.7% during the 3rd quarter. Advisors Capital Management LLC now owns 874,867 shares of the financial services provider’s stock valued at $11,513,000 after acquiring an additional 69,833 shares during the last quarter. Morgan Stanley boosted its stake in Hercules Capital by 5.1% during the 3rd quarter. Morgan Stanley now owns 782,760 shares of the financial services provider’s stock valued at $10,301,000 after acquiring an additional 37,681 shares during the last quarter. S&T Bank PA boosted its stake in Hercules Capital by 0.9% during the 3rd quarter. S&T Bank PA now owns 683,581 shares of the financial services provider’s stock valued at $8,996,000 after acquiring an additional 5,789 shares during the last quarter. Finally, Centaurus Financial Inc. boosted its stake in Hercules Capital by 299.8% during the 2nd quarter. Centaurus Financial Inc. now owns 580,432 shares of the financial services provider’s stock valued at $7,342,000 after acquiring an additional 435,247 shares during the last quarter. Institutional investors and hedge funds own 37.83% of the company’s stock.

HTGC has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of Hercules Capital from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research note on Wednesday, October 3rd. ValuEngine downgraded shares of Hercules Capital from a “hold” rating to a “sell” rating in a research note on Monday, October 8th. B. Riley set a $15.00 price objective on shares of Hercules Capital and gave the company a “buy” rating in a research note on Friday, November 2nd. Finally, Wells Fargo & Co reduced their price objective on shares of Hercules Capital from $14.25 to $14.00 and set an “outperform” rating on the stock in a research note on Monday, November 5th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Hercules Capital presently has a consensus rating of “Buy” and a consensus price target of $14.25.

Shares of NYSE:HTGC traded down $0.01 on Friday, reaching $12.13. 4,437 shares of the company’s stock were exchanged, compared to its average volume of 670,865. The stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of 10.45, a price-to-earnings-growth ratio of 9.11 and a beta of 0.86. Hercules Capital Inc has a fifty-two week low of $10.57 and a fifty-two week high of $13.70. The company has a debt-to-equity ratio of 0.71, a quick ratio of 2.86 and a current ratio of 2.86.

Hercules Capital (NYSE:HTGC) last issued its earnings results on Thursday, November 1st. The financial services provider reported $0.31 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.31. The company had revenue of $52.60 million for the quarter, compared to analysts’ expectations of $54.37 million. Hercules Capital had a net margin of 55.71% and a return on equity of 11.60%. The firm’s revenue was up 14.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.29 earnings per share. Sell-side analysts expect that Hercules Capital Inc will post 1.21 EPS for the current fiscal year.

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Hercules Capital Profile

Hercules Capital, Inc is a specialty finance company, which focuses on providing senior secured loans to high-growth, innovative venture capital-backed companies in a variety of technology, life sciences, and sustainable and renewable technology industries. The company was founded by Manuel A. Henriquez in December 2003 and is headquartered in Palo Alto, CA.

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

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