PVG Asset Management Corp trimmed its stake in Hercules Capital Inc (NYSE:HTGC) by 3.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 73,980 shares of the financial services provider’s stock after selling 2,640 shares during the period. PVG Asset Management Corp’s holdings in Hercules Capital were worth $948,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of HTGC. West Oak Capital LLC bought a new stake in shares of Hercules Capital during the 2nd quarter worth approximately $38,000. Advisory Alpha LLC bought a new stake in shares of Hercules Capital during the 1st quarter worth approximately $49,000. Parallel Advisors LLC lifted its stake in shares of Hercules Capital by 696.6% during the 2nd quarter. Parallel Advisors LLC now owns 3,983 shares of the financial services provider’s stock worth $51,000 after acquiring an additional 3,483 shares during the last quarter. Quantamental Technologies LLC bought a new stake in Hercules Capital during the 2nd quarter valued at $127,000. Finally, Stelac Advisory Services LLC bought a new stake in Hercules Capital during the 2nd quarter valued at $134,000. 33.69% of the stock is owned by institutional investors and hedge funds.

HTGC has been the subject of a number of research analyst reports. ValuEngine lowered Hercules Capital from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Compass Point set a $13.00 target price on Hercules Capital and gave the company a “hold” rating in a research report on Tuesday, July 2nd. Finally, TheStreet raised Hercules Capital from a “c+” rating to a “b” rating in a research report on Monday. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. The stock has an average rating of “Hold” and an average target price of $13.38.

NYSE HTGC traded up $0.06 on Friday, reaching $13.24. 2,948 shares of the stock traded hands, compared to its average volume of 362,271. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.31 and a current ratio of 1.31. The company has a fifty day moving average price of $13.06 and a 200-day moving average price of $12.95. The company has a market cap of $1.38 billion, a price-to-earnings ratio of 11.13 and a beta of 0.89. Hercules Capital Inc has a 12 month low of $10.57 and a 12 month high of $14.17.

Hercules Capital (NYSE:HTGC) last issued its earnings results on Thursday, August 1st. The financial services provider reported $0.36 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.03. The business had revenue of $69.26 million during the quarter, compared to analyst estimates of $63.07 million. Hercules Capital had a return on equity of 12.25% and a net margin of 53.97%. Hercules Capital’s revenue was up 39.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.29 EPS. As a group, research analysts anticipate that Hercules Capital Inc will post 1.34 earnings per share for the current fiscal year.

Hercules Capital Company 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.

Further Reading: What is the market perform rating?

Want to see what other hedge funds are holding HTGC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hercules Capital Inc (NYSE:HTGC).

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

Receive News & Ratings for Hercules Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hercules Capital and related companies with MarketBeat.com's FREE daily email newsletter.