Union Bancaire Privee UBP SA Buys Shares of 34,050 Hercules Capital, Inc. (NYSE:HTGC)
Union Bancaire Privee UBP SA purchased a new stake in Hercules Capital, Inc. (NYSE:HTGC - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 34,050 shares of the financial services provider's stock, valued at approximately $684,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Kathleen S. Wright Associates Inc. acquired a new stake in Hercules Capital in the 3rd quarter valued at about $31,000. Avior Wealth Management LLC increased its stake in Hercules Capital by 177.2% during the fourth quarter. Avior Wealth Management LLC now owns 1,802 shares of the financial services provider's stock worth $36,000 after purchasing an additional 1,152 shares during the period. Farther Finance Advisors LLC increased its position in shares of Hercules Capital by 59,650.0% during the third quarter. Farther Finance Advisors LLC now owns 2,390 shares of the financial services provider's stock worth $47,000 after acquiring an additional 2,386 shares during the period. Nomura Asset Management Co. Ltd. grew its position in shares of Hercules Capital by 45.6% during the third quarter. Nomura Asset Management Co. Ltd. now owns 4,086 shares of the financial services provider's stock worth $80,000 after buying an additional 1,279 shares in the last quarter. Finally, Armstrong Advisory Group Inc. lifted its position in shares of Hercules Capital by 198.9% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 5,380 shares of the financial services provider's stock worth $106,000 after purchasing an additional 3,580 shares during the last quarter. Hedge funds and other institutional investors own 19.69% of the company's stock.
HTGC has been the topic of a number of research reports. Keefe, Bruyette & Woods upgraded shares of Hercules Capital from a "market perform" rating to an "outperform" rating and raised their target price for the stock from $19.50 to $21.50 in a research report on Thursday, December 12th. Wells Fargo & Company raised their target price on Hercules Capital from $20.00 to $21.00 and gave the company an "overweight" rating in a report on Tuesday, October 29th. Finally, JMP Securities reiterated a "market outperform" rating and issued a $22.00 price objective on shares of Hercules Capital in a research note on Monday, January 6th.
Get Our Latest Stock Analysis on Hercules Capital
NYSE:HTGC opened at $21.02 on Wednesday. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.61 and a quick ratio of 1.61. Hercules Capital, Inc. has a 12 month low of $16.72 and a 12 month high of $21.78. The firm has a market capitalization of $3.41 billion, a PE ratio of 10.40 and a beta of 1.35. The business's 50-day moving average is $19.71 and its two-hundred day moving average is $19.62.
Hercules Capital (NYSE:HTGC - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.51 EPS for the quarter, meeting analysts' consensus estimates of $0.51. Hercules Capital had a net margin of 65.07% and a return on equity of 17.88%. The firm had revenue of $125.25 million for the quarter, compared to the consensus estimate of $125.80 million. During the same period in the prior year, the firm posted $0.52 EPS. Research analysts predict that Hercules Capital, Inc. will post 2.01 earnings per share for the current fiscal year.
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.
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