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

Mount Yale Investment Advisors LLC increased its stake in Hercules Capital, Inc. (NYSE:HTGC) by 11.7% during the fourth quarter, according to its most recent filing with the SEC. The fund 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 owned 0.09% of Hercules Capital worth $2,964,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Union Bancaire Privee UBP SA bought a new position in Hercules Capital during the fourth quarter valued at $684,000. PFG Investments LLC grew its stake in shares of Hercules Capital by 1.5% during the 4th quarter. PFG Investments LLC now owns 112,526 shares of the financial services provider’s stock worth $2,261,000 after acquiring an additional 1,672 shares during the period. Grimes & Company Inc. increased its holdings in Hercules Capital by 30.6% in the 4th quarter. Grimes & Company Inc. now owns 25,414 shares of the financial services provider’s stock worth $511,000 after acquiring an additional 5,962 shares during the last quarter. Accel Wealth Management raised its stake in Hercules Capital by 7.3% in the 4th quarter. Accel Wealth Management now owns 17,003 shares of the financial services provider’s stock valued at $342,000 after acquiring an additional 1,154 shares during the period. Finally, Sound Income Strategies LLC lifted its holdings in Hercules Capital by 2.8% during the fourth 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 during the last quarter. Institutional investors own 19.69% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Hercules Capital Price Performance

HTGC stock opened at $21.07 on Monday. The firm has a 50 day moving average of $19.63 and a 200-day moving average of $19.63. The firm has a market capitalization of $3.42 billion, a P/E ratio of 10.43 and a beta of 1.35. Hercules Capital, Inc. has a 12 month low of $16.72 and a 12 month high of $21.78. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.94.

Hercules Capital (NYSE:HTGC) last announced 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. The firm had revenue of $125.25 million during the quarter, compared to the consensus estimate 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 firm earned $0.52 EPS. As a group, sell-side analysts predict that Hercules Capital, Inc. will post 2.01 earnings per share for the current fiscal year.

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.