Mount Yale Investment Advisors LLC Grows Holdings in Hercules Capital, Inc. (NYSE:HTGC)

Mount Yale Investment Advisors LLC grew its stake in shares of Hercules Capital, Inc. (NYSE:HTGC) by 11.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 147,542 shares of the financial services provider’s stock after buying an additional 15,467 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Hercules Capital were worth $2,964,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in HTGC. Morse Asset Management Inc raised its position in Hercules Capital by 1.7% during the third quarter. Morse Asset Management Inc now owns 34,900 shares of the financial services provider’s stock valued at $685,000 after purchasing an additional 600 shares in the last quarter. Founders Financial Alliance LLC raised its holdings in shares of Hercules Capital by 2.3% during the 2nd quarter. Founders Financial Alliance LLC now owns 28,028 shares of the financial services provider’s stock valued at $573,000 after buying an additional 627 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in Hercules Capital by 2.7% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 27,319 shares of the financial services provider’s stock worth $540,000 after buying an additional 711 shares during the last quarter. Captrust Financial Advisors boosted its stake 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 buying an additional 763 shares in the last quarter. Finally, Arkadios Wealth Advisors grew its position in Hercules Capital by 1.6% during the third quarter. Arkadios Wealth Advisors now owns 55,802 shares of the financial services provider’s stock valued at $1,096,000 after acquiring an additional 900 shares during the last quarter. 19.69% of the stock is owned by institutional investors.

Hercules Capital Stock Up 0.6 %

Shares of NYSE HTGC opened at $21.07 on Monday. The firm’s fifty day moving average is $19.63 and its 200 day moving average is $19.63. Hercules Capital, Inc. has a 52 week low of $16.72 and a 52 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 company has a market cap of $3.42 billion, a price-to-earnings ratio of 10.43 and a beta of 1.35.

Hercules Capital (NYSE:HTGC) last released its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.51. The firm had revenue of $125.25 million for the quarter, compared to analysts’ expectations 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 previous year, the company earned $0.52 earnings per share. On average, equities research analysts expect that Hercules Capital, Inc. will post 2.01 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

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.