Foundations Investment Advisors LLC Decreases Position in Hercules Capital, Inc. (NYSE:HTGC)

Foundations Investment Advisors LLC decreased its position in shares of Hercules Capital, Inc. (NYSE:HTGC) by 7.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,515 shares of the financial services provider’s stock after selling 1,075 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Hercules Capital were worth $251,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Kathleen S. Wright Associates Inc. purchased a new stake in Hercules Capital during the 3rd quarter valued at $31,000. Avior Wealth Management LLC lifted its holdings in shares of 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 valued at $36,000 after purchasing an additional 1,152 shares in the last quarter. Farther Finance Advisors LLC boosted 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 valued at $47,000 after buying an additional 2,386 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in Hercules Capital by 45.6% in the 3rd 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. raised its position in Hercules Capital by 198.9% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 5,380 shares of the financial services provider’s stock worth $106,000 after buying an additional 3,580 shares during the last quarter. Institutional investors own 19.69% of the company’s stock.

Hercules Capital Stock Performance

HTGC opened at $21.15 on Friday. The company’s 50 day moving average is $19.85 and its 200 day moving average is $19.64. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.94. The company has a market cap of $3.44 billion, a price-to-earnings ratio of 10.47 and a beta of 1.35. Hercules Capital, Inc. has a 12-month low of $16.72 and a 12-month high of $21.78.

Hercules Capital (NYSE:HTGC) last issued its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.51 earnings per share for the quarter, hitting the consensus estimate of $0.51. The business had revenue of $125.25 million for the quarter, compared to analysts’ expectations of $125.80 million. Hercules Capital had a net margin of 65.07% and a return on equity of 17.88%. During the same quarter last year, the company posted $0.52 EPS. On average, equities research analysts predict that Hercules Capital, Inc. will post 2.01 EPS for the current year.

Analyst Upgrades and Downgrades

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

Hercules Capital Profile

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.