Hercules Capital, Inc. (NYSE:HTGC) Shares Acquired by Tectonic Advisors LLC

Tectonic Advisors LLC grew its position in Hercules Capital, Inc. (NYSE:HTGC - Free Report) by 14.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 493,808 shares of the financial services provider's stock after buying an additional 60,776 shares during the quarter. Hercules Capital accounts for 0.6% of Tectonic Advisors LLC's holdings, making the stock its 29th largest holding. Tectonic Advisors LLC owned approximately 0.30% of Hercules Capital worth $9,921,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. International Assets Investment Management LLC grew 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 worth $79,960,000 after acquiring an additional 386,367 shares in the last quarter. Van ECK Associates Corp boosted its holdings in Hercules Capital by 10.3% in the third 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 period. Franklin Resources Inc. increased its holdings in Hercules Capital by 28.0% during the 3rd quarter. Franklin Resources Inc. now owns 387,225 shares of the financial services provider's stock worth $7,667,000 after purchasing an additional 84,780 shares during the period. Sound Income Strategies LLC raised its position in Hercules Capital by 2.8% in the 4th quarter. Sound Income Strategies LLC now owns 2,815,214 shares of the financial services provider's stock valued at $56,558,000 after purchasing an additional 77,869 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in shares of Hercules Capital by 511.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 53,068 shares of the financial services provider's stock valued at $1,042,000 after buying an additional 44,386 shares during the period. Hedge funds and other institutional investors own 19.69% of the company's stock.

Analyst Ratings Changes

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

Hercules Capital Stock Up 0.2 %

HTGC traded up $0.04 on Friday, reaching $20.87. The company's stock had a trading volume of 611,070 shares, compared to its average volume of 755,522. The company has a market capitalization of $3.39 billion, a price-to-earnings ratio of 10.33 and a beta of 1.35. Hercules Capital, Inc. has a fifty-two week low of $16.95 and a fifty-two week high of $21.78. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.94. The stock has a 50 day moving average of $20.05 and a two-hundred day moving average of $19.62.

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.