Hercules Capital Inc (NYSE:HTGC) was the recipient of a significant decrease in short interest during the month of November. As of November 29th, there was short interest totalling 2,690,000 shares, a decrease of 9.1% from the November 14th total of 2,960,000 shares. Approximately 2.6% of the company’s stock are sold short. Based on an average trading volume of 493,900 shares, the short-interest ratio is currently 5.4 days.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quest Capital Management Inc. ADV purchased a new position in Hercules Capital in the 3rd quarter worth about $29,000. Parallel Advisors LLC grew its position in Hercules Capital by 696.6% in the 2nd quarter. Parallel Advisors LLC now owns 3,983 shares of the financial services provider’s stock worth $51,000 after purchasing an additional 3,483 shares during the period. Private Ocean LLC grew its position in Hercules Capital by 20.4% in the 3rd quarter. Private Ocean LLC now owns 5,623 shares of the financial services provider’s stock worth $76,000 after purchasing an additional 953 shares during the period. Quantamental Technologies LLC bought a new stake in Hercules Capital in the 2nd quarter worth approximately $127,000. Finally, H D Vest Advisory Services purchased a new stake in Hercules Capital during the 2nd quarter valued at $134,000. Institutional investors own 33.21% of the company’s stock.

HTGC remained flat at $$14.22 during trading on Friday. The company’s stock had a trading volume of 365,595 shares, compared to its average volume of 502,088. The firm has a market cap of $1.49 billion, a PE ratio of 10.55 and a beta of 0.87. The business’s 50-day moving average is $14.10 and its 200 day moving average is $13.32. Hercules Capital has a 1-year low of $10.57 and a 1-year high of $14.53. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.49 and a quick ratio of 1.49.

Hercules Capital (NYSE:HTGC) last posted its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.37 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.03. The firm had revenue of $69.24 million during the quarter, compared to analysts’ expectations of $68.08 million. Hercules Capital had a return on equity of 12.94% and a net margin of 44.00%. The company’s revenue was up 31.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.31 earnings per share. As a group, sell-side analysts anticipate that Hercules Capital will post 1.4 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Monday, November 11th were issued a $0.03 dividend. The ex-dividend date was Thursday, November 7th. This represents a $0.12 annualized dividend and a yield of 0.84%. Hercules Capital’s payout ratio is 107.56%.

Several brokerages recently commented on HTGC. JMP Securities set a $15.00 price objective on shares of Hercules Capital and gave the company a “buy” rating in a research report on Friday, November 1st. Wells Fargo & Co raised shares of Hercules Capital from a “market perform” rating to an “outperform” rating in a report on Monday, November 4th. Finally, TheStreet upgraded shares of Hercules Capital from a “c+” rating to a “b” rating in a research note on Monday, September 16th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $13.61.

About Hercules Capital

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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