Janney Montgomery Scott LLC Sells 21,145 Shares of Hercules Capital, Inc. (NYSE:HTGC)

Janney Montgomery Scott LLC lowered its holdings in Hercules Capital, Inc. (NYSE:HTGC - Free Report) by 7.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 282,713 shares of the financial services provider's stock after selling 21,145 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.17% of Hercules Capital worth $5,680,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Van ECK Associates Corp grew its position in Hercules Capital by 10.3% during the 3rd quarter. Van ECK Associates Corp now owns 3,115,419 shares of the financial services provider's stock valued at $61,873,000 after purchasing an additional 290,579 shares during the last quarter. Sound Income Strategies LLC lifted its stake in Hercules Capital by 1.8% in the 3rd quarter. Sound Income Strategies LLC now owns 2,737,345 shares of the financial services provider's stock worth $53,761,000 after purchasing an additional 47,672 shares in the last quarter. Tectonic Advisors LLC grew its stake in shares of Hercules Capital by 17.0% in the 3rd quarter. Tectonic Advisors LLC now owns 433,032 shares of the financial services provider's stock worth $8,505,000 after buying an additional 62,826 shares in the last quarter. Muzinich & Co. Inc. lifted its stake in shares of Hercules Capital by 9.9% in the 3rd quarter. Muzinich & Co. Inc. now owns 408,362 shares of the financial services provider's stock valued at $8,020,000 after purchasing an additional 36,886 shares during the last quarter. Finally, International Assets Investment Management LLC raised its stake in shares of Hercules Capital by 1,861.8% in the third quarter. International Assets Investment Management LLC now owns 407,119 shares of the financial services provider's stock valued at $79,960,000 after acquiring an additional 386,367 shares during the period. Hedge funds and other institutional investors own 19.69% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on HTGC. Wells Fargo & Company upped their target price on Hercules Capital from $20.00 to $21.00 and gave the stock an "overweight" rating in a report on Tuesday, October 29th. Keefe, Bruyette & Woods raised shares of Hercules Capital from a "market perform" rating to an "outperform" rating and increased their price objective for the company from $19.50 to $21.50 in a research report on Thursday, December 12th. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $22.00 price target on shares of Hercules Capital in a research report on Monday, January 6th.

Hercules Capital Price Performance

Shares of NYSE:HTGC traded up $0.33 on Thursday, reaching $21.06. 564,091 shares of the company were exchanged, compared to its average volume of 925,552. Hercules Capital, Inc. has a 1-year low of $16.72 and a 1-year high of $21.78. 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 firm has a market cap of $3.42 billion, a price-to-earnings ratio of 10.42 and a beta of 1.35. The company has a 50-day moving average of $19.75 and a 200-day moving average of $19.63.

Hercules Capital (NYSE:HTGC - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.51. The company had revenue of $125.25 million during the quarter, compared to analyst estimates 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 in the prior year, the business earned $0.52 earnings per share. Equities analysts forecast that Hercules Capital, Inc. will post 2.01 earnings per share for the current fiscal year.

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.