Union Bancaire Privee UBP SA Takes $684,000 Position in Hercules Capital, Inc. (NYSE:HTGC)

Union Bancaire Privee UBP SA acquired a new stake in shares of Hercules Capital, Inc. (NYSE:HTGC) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 34,050 shares of the financial services provider’s stock, valued at approximately $684,000.

A number of other large investors have also made changes to their positions in HTGC. International Assets Investment Management LLC raised its position in 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 purchasing an additional 386,367 shares in the last quarter. Van ECK Associates Corp raised its position 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 worth $61,873,000 after purchasing an additional 290,579 shares in the last quarter. Franklin Resources Inc. raised its position 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 worth $7,667,000 after purchasing an additional 84,780 shares in the last quarter. Sound Income Strategies LLC raised its position in Hercules Capital by 2.8% in the fourth quarter. Sound Income Strategies LLC now owns 2,815,214 shares of the financial services provider’s stock worth $56,558,000 after purchasing an additional 77,869 shares in the last quarter. Finally, Tectonic Advisors LLC raised its position 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 worth $8,505,000 after purchasing an additional 62,826 shares in the last quarter. Institutional investors and hedge funds own 19.69% of the company’s stock.

Hercules Capital Price Performance

Shares of HTGC stock opened at $21.02 on Wednesday. Hercules Capital, Inc. has a 52-week low of $16.72 and a 52-week high of $21.78. The stock has a market cap of $3.41 billion, a PE ratio of 10.40 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. The firm’s 50 day moving average price is $19.71 and its two-hundred day moving average price is $19.62.

Hercules Capital (NYSE:HTGC) last posted its earnings results on Wednesday, October 30th. The financial services provider reported $0.51 earnings per share for the quarter, hitting the consensus estimate of $0.51. The company had revenue of $125.25 million for 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 period last year, the business posted $0.52 earnings per share. As a group, analysts forecast that Hercules Capital, Inc. will post 2.01 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Wells Fargo & Company raised their price objective 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. Keefe, Bruyette & Woods raised shares of Hercules Capital from a “market perform” rating to an “outperform” rating and increased their price target for the company from $19.50 to $21.50 in a research note on Thursday, December 12th. Finally, JMP Securities reissued a “market outperform” rating and set a $22.00 price target on shares of Hercules Capital in a research note on Monday, January 6th.

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.