Hercules Capital, Inc. (NYSE:HTGC) Shares Sold by Bleakley Financial Group LLC

Bleakley Financial Group LLC cut its holdings in Hercules Capital, Inc. (NYSE:HTGC) by 6.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,509 shares of the financial services provider’s stock after selling 2,725 shares during the quarter. Bleakley Financial Group LLC’s holdings in Hercules Capital were worth $774,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of HTGC. Tectonic Advisors LLC grew its holdings in Hercules Capital by 17.0% during the 3rd quarter. Tectonic Advisors LLC now owns 433,032 shares of the financial services provider’s stock valued at $8,505,000 after buying an additional 62,826 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Hercules Capital by 511.2% during the third quarter. BNP Paribas Financial Markets now owns 53,068 shares of the financial services provider’s stock valued at $1,042,000 after acquiring an additional 44,386 shares during the last quarter. Advisors Asset Management Inc. increased its position in Hercules Capital by 9.3% during the 3rd quarter. Advisors Asset Management Inc. now owns 406,985 shares of the financial services provider’s stock worth $7,993,000 after purchasing an additional 34,718 shares in the last quarter. Franklin Resources Inc. raised its stake in Hercules Capital by 28.0% in the 3rd quarter. Franklin Resources Inc. now owns 387,225 shares of the financial services provider’s stock valued at $7,667,000 after purchasing an additional 84,780 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its holdings in Hercules Capital by 10.1% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 401,133 shares of the financial services provider’s stock valued at $7,878,000 after purchasing an additional 36,886 shares in the last quarter. 19.69% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Hercules Capital Price Performance

HTGC opened at $20.87 on Monday. Hercules Capital, Inc. has a 1 year low of $16.95 and a 1 year high of $21.78. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.61 and a current ratio of 1.61. The company’s 50 day simple moving average is $20.05 and its 200 day simple moving average is $19.61. The stock has a market capitalization of $3.39 billion, a PE ratio of 10.33 and a beta of 1.35.

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.