GSA Capital Partners LLP acquired a new position in shares of Hercules Capital, Inc. (NYSE:HTGC) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 26,340 shares of the financial services provider’s stock, valued at approximately $349,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Principal Financial Group Inc. boosted its holdings in shares of Hercules Capital by 108.0% during the 2nd quarter. Principal Financial Group Inc. now owns 2,957,591 shares of the financial services provider’s stock worth $39,158,000 after buying an additional 1,535,592 shares during the period. Advisors Capital Management LLC boosted its holdings in shares of Hercules Capital by 14.0% during the 2nd quarter. Advisors Capital Management LLC now owns 934,858 shares of the financial services provider’s stock worth $12,378,000 after buying an additional 114,808 shares during the period. Van ECK Associates Corp boosted its holdings in shares of Hercules Capital by 15.0% during the 2nd quarter. Van ECK Associates Corp now owns 671,173 shares of the financial services provider’s stock worth $8,886,000 after buying an additional 87,399 shares during the period. Sumitomo Mitsui Asset Management Company LTD boosted its holdings in shares of Hercules Capital by 21.8% during the 2nd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 660,459 shares of the financial services provider’s stock worth $8,744,000 after buying an additional 118,208 shares during the period. Finally, Granite Investment Partners LLC boosted its holdings in shares of Hercules Capital by 2.9% during the 2nd quarter. Granite Investment Partners LLC now owns 641,061 shares of the financial services provider’s stock worth $8,487,000 after buying an additional 17,942 shares during the period. 42.55% of the stock is owned by institutional investors and hedge funds.

Shares of Hercules Capital, Inc. (NYSE:HTGC) opened at 12.70 on Monday. The firm has a 50-day moving average of $12.50 and a 200-day moving average of $13.34. Hercules Capital, Inc. has a one year low of $11.64 and a one year high of $15.68. The company has a market capitalization of $1.05 billion, a P/E ratio of 14.06 and a beta of 0.85.

Hercules Capital (NYSE:HTGC) last released its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $0.31 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.31. Hercules Capital had a net margin of 38.69% and a return on equity of 12.93%. The firm had revenue of $48.45 million during the quarter, compared to analysts’ expectations of $48.25 million. During the same period in the previous year, the business posted $0.32 earnings per share. The company’s revenue for the quarter was up 11.3% compared to the same quarter last year. Equities research analysts expect that Hercules Capital, Inc. will post $1.17 EPS for the current fiscal year.

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Several analysts recently issued reports on the stock. Compass Point raised shares of Hercules Capital from a “neutral” rating to a “buy” rating and set a $13.00 price objective for the company in a report on Friday, September 8th. Jefferies Group LLC reaffirmed a “buy” rating and set a $16.00 price objective on shares of Hercules Capital in a report on Wednesday, August 16th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $15.00 price objective on shares of Hercules Capital in a report on Tuesday, July 4th. Zacks Investment Research downgraded shares of Hercules Capital from a “hold” rating to a “sell” rating in a report on Monday, August 7th. Finally, BidaskClub downgraded shares of Hercules Capital from a “hold” rating to a “sell” rating in a report on Tuesday, September 12th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the stock. Hercules Capital currently has an average rating of “Hold” and an average price target of $14.50.

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.

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

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