Goldman Sachs Group Inc. boosted its stake in shares of Hercules Capital, Inc. (NYSE:HTGC) by 48.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 131,368 shares of the financial services provider’s stock after purchasing an additional 42,577 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.16% of Hercules Capital worth $1,739,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of HTGC. Eagle Global Advisors LLC purchased a new stake in Hercules Capital during the 2nd quarter worth about $154,000. Financial Counselors Inc. purchased a new position in shares of Hercules Capital in the 2nd quarter valued at about $154,000. United Capital Financial Advisers LLC purchased a new position in shares of Hercules Capital in the 1st quarter valued at about $157,000. HighTower Advisors LLC increased its holdings in shares of Hercules Capital by 0.7% in 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 during the last quarter. Finally, Citadel Advisors LLC purchased a new position in shares of Hercules Capital in the 2nd quarter valued at about $167,000. Institutional investors own 42.74% of the company’s stock.
HTGC has been the topic of a number of recent analyst reports. BidaskClub downgraded Hercules Capital from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Jefferies Group LLC reiterated a “buy” rating and issued a $16.00 price objective on shares of Hercules Capital in a report on Friday, July 14th. Royal Bank Of Canada reiterated a “buy” rating and issued a $16.00 price objective on shares of Hercules Capital in a report on Sunday, August 6th. Compass Point upgraded Hercules Capital from a “neutral” rating to a “buy” rating and set a $13.00 price objective on the stock in a report on Friday, September 8th. Finally, FBR & Co initiated coverage on Hercules Capital in a report on Monday, October 2nd. They issued a “buy” rating and a $14.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company’s stock. Hercules Capital presently has an average rating of “Hold” and a consensus price target of $14.34.
Hercules Capital (NYSE:HTGC) last released its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $0.31 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.31. Hercules Capital had a return on equity of 12.93% and a net margin of 38.69%. The business had revenue of $48.45 million for the quarter, compared to analysts’ expectations of $48.25 million. During the same quarter in the previous year, the firm posted $0.32 earnings per share. The company’s revenue was up 11.3% compared to the same quarter last year.
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About Hercules Capital
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.
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