Hercules Capital, Inc. (NYSE:HTGC) Short Interest Update

Hercules Capital, Inc. (NYSE:HTGC - Get Free Report) saw a significant decline in short interest in the month of January. As of January 15th, there was short interest totalling 5,190,000 shares, a decline of 5.3% from the December 31st total of 5,480,000 shares. Based on an average daily volume of 1,010,000 shares, the short-interest ratio is presently 5.1 days.

Hercules Capital Trading Down 0.2 %

NYSE HTGC traded down $0.05 during mid-day trading on Wednesday, hitting $20.93. The company's stock had a trading volume of 876,591 shares, compared to its average volume of 909,669. The firm has a market capitalization of $3.40 billion, a P/E ratio of 10.36 and a beta of 1.35. The stock's fifty day simple moving average is $19.97 and its two-hundred day simple moving average is $19.62. Hercules Capital has a 52-week low of $16.95 and a 52-week high of $21.78. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.61 and a quick ratio of 1.61.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Hercules Capital

A number of hedge funds have recently added to or reduced their stakes in the business. Morse Asset Management Inc increased its stake in shares of Hercules Capital by 1.7% in the third quarter. Morse Asset Management Inc now owns 34,900 shares of the financial services provider's stock worth $685,000 after acquiring an additional 600 shares during the last quarter. Naples Global Advisors LLC boosted its holdings in Hercules Capital by 1.0% in the fourth quarter. Naples Global Advisors LLC now owns 62,259 shares of the financial services provider's stock worth $1,251,000 after purchasing an additional 600 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Hercules Capital by 2.7% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 27,319 shares of the financial services provider's stock worth $540,000 after purchasing an additional 711 shares in the last quarter. Captrust Financial Advisors boosted its holdings in Hercules Capital by 3.7% in the third quarter. Captrust Financial Advisors now owns 21,215 shares of the financial services provider's stock worth $417,000 after purchasing an additional 763 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV boosted its holdings in Hercules Capital by 0.9% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 92,447 shares of the financial services provider's stock worth $1,857,000 after purchasing an additional 799 shares in the last quarter. Institutional investors and hedge funds own 19.69% of the company's stock.

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.