Confluence Investment Management LLC Acquires 38,390 Shares of Hercules Capital Inc (HTGC)

Confluence Investment Management LLC increased its holdings in Hercules Capital Inc (NYSE:HTGC) by 5.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 806,620 shares of the financial services provider’s stock after purchasing an additional 38,390 shares during the quarter. Confluence Investment Management LLC owned approximately 0.96% of Hercules Capital worth $10,583,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. HighTower Advisors LLC boosted its position in Hercules Capital by 0.7% during the 2nd quarter. HighTower Advisors LLC now owns 12,174 shares of the financial services provider’s stock valued at $162,000 after acquiring an additional 81 shares in the last quarter. Pinebridge Investments L.P. lifted its holdings in shares of Hercules Capital by 0.6% during the second quarter. Pinebridge Investments L.P. now owns 24,946 shares of the financial services provider’s stock valued at $330,000 after purchasing an additional 147 shares during the last quarter. First Allied Advisory Services Inc. lifted its holdings in shares of Hercules Capital by 1.1% during the second quarter. First Allied Advisory Services Inc. now owns 14,251 shares of the financial services provider’s stock valued at $189,000 after purchasing an additional 162 shares during the last quarter. Suntrust Banks Inc. lifted its holdings in shares of Hercules Capital by 6.6% during the second quarter. Suntrust Banks Inc. now owns 19,191 shares of the financial services provider’s stock valued at $253,000 after purchasing an additional 1,183 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Hercules Capital by 2.0% during the second quarter. PNC Financial Services Group Inc. now owns 77,692 shares of the financial services provider’s stock valued at $1,028,000 after purchasing an additional 1,518 shares during the last quarter. 39.34% of the stock is currently owned by institutional investors.

Several research firms have recently issued reports on HTGC. Sandler O’Neill reiterated a “hold” rating and set a $14.00 target price on shares of Hercules Capital in a report on Wednesday, January 10th. Zacks Investment Research lowered shares of Hercules Capital from a “buy” rating to a “hold” rating in a report on Tuesday, January 16th. Raymond James Financial upgraded shares of Hercules Capital from an “underperform” rating to a “market perform” rating in a report on Friday, November 3rd. BidaskClub lowered shares of Hercules Capital from a “buy” rating to a “hold” rating in a report on Thursday, October 5th. Finally, ValuEngine upgraded shares of Hercules Capital from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $14.39.

Shares of Hercules Capital Inc (NYSE:HTGC) traded down $0.19 during trading on Wednesday, reaching $12.68. 426,565 shares of the company traded hands, compared to its average volume of 343,089. The company has a market cap of $1,096.64, a P/E ratio of 13.93, a P/E/G ratio of 2.03 and a beta of 0.87. The company has a debt-to-equity ratio of 0.87, a current ratio of 8.34 and a quick ratio of 8.34. Hercules Capital Inc has a one year low of $11.64 and a one year high of $15.68.

Hercules Capital (NYSE:HTGC) last issued its earnings results on Thursday, November 2nd. The financial services provider reported $0.29 earnings per share for the quarter, hitting the consensus estimate of $0.29. The company had revenue of $45.90 million during the quarter, compared to the consensus estimate of $46.22 million. Hercules Capital had a net margin of 39.73% and a return on equity of 12.93%. Hercules Capital’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.32 EPS. analysts anticipate that Hercules Capital Inc will post 1.16 earnings per share for the current fiscal year.

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Hercules Capital 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.

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

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