Union Bancaire Privee UBP SA Makes New $684,000 Investment in Hercules Capital, Inc. (NYSE:HTGC)

Union Bancaire Privee UBP SA acquired a new position in shares of Hercules Capital, Inc. (NYSE:HTGC - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 34,050 shares of the financial services provider's stock, valued at approximately $684,000.

Other institutional investors have also modified their holdings of the company. Tectonic Advisors LLC lifted its stake in Hercules Capital by 17.0% in the third quarter. Tectonic Advisors LLC now owns 433,032 shares of the financial services provider's stock valued at $8,505,000 after buying an additional 62,826 shares during the last quarter. Mackenzie Financial Corp raised its position in Hercules Capital by 77.0% in the 2nd quarter. Mackenzie Financial Corp now owns 31,632 shares of the financial services provider's stock valued at $647,000 after purchasing an additional 13,765 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in Hercules Capital by 511.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 53,068 shares of the financial services provider's stock worth $1,042,000 after purchasing an additional 44,386 shares during the period. Advisors Asset Management Inc. grew its position in Hercules Capital by 9.3% during the 3rd quarter. Advisors Asset Management Inc. now owns 406,985 shares of the financial services provider's stock worth $7,993,000 after purchasing an additional 34,718 shares during the last quarter. Finally, Franklin Resources Inc. increased its stake in Hercules Capital by 28.0% in the third quarter. Franklin Resources Inc. now owns 387,225 shares of the financial services provider's stock valued at $7,667,000 after purchasing an additional 84,780 shares during the period. Hedge funds and other institutional investors own 19.69% of the company's stock.

Hercules Capital Stock Performance

NYSE:HTGC traded up $0.09 during mid-day trading on Friday, reaching $21.15. The stock had a trading volume of 974,847 shares, compared to its average volume of 851,116. Hercules Capital, Inc. has a twelve month low of $16.72 and a twelve month high of $21.78. The business has a 50 day simple moving average of $19.85 and a 200 day simple moving average of $19.63. The firm has a market capitalization of $3.44 billion, a price-to-earnings ratio of 10.47 and a beta of 1.35. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.61 and a current ratio of 1.61.

Hercules Capital (NYSE:HTGC - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.51 EPS for the quarter, meeting the consensus estimate of $0.51. Hercules Capital had a return on equity of 17.88% and a net margin of 65.07%. The business had revenue of $125.25 million during the quarter, compared to analysts' expectations of $125.80 million. During the same period last year, the firm earned $0.52 EPS. On average, analysts expect that Hercules Capital, Inc. will post 2.01 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

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.