Short Interest in Hercules Capital, Inc. (NYSE:HTGC) Decreases By 5.3%

Hercules Capital, Inc. (NYSE:HTGC) saw a significant drop in short interest in the month of January. As of January 15th, there was short interest totalling 5,190,000 shares, a drop of 5.3% from the December 31st total of 5,480,000 shares. Based on an average daily trading volume, of 1,010,000 shares, the short-interest ratio is currently 5.1 days.

Analysts Set New Price Targets

HTGC has been the subject of several research analyst reports. Keefe, Bruyette & Woods raised Hercules Capital from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $19.50 to $21.50 in a research note on Thursday, December 12th. Wells Fargo & Company lifted their price objective on Hercules Capital from $20.00 to $21.00 and gave the company an “overweight” rating in a research note on Tuesday, October 29th. Finally, JMP Securities reissued a “market outperform” rating and set a $22.00 price objective on shares of Hercules Capital in a research note on Monday, January 6th.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of HTGC. Kathleen S. Wright Associates Inc. purchased a new position in Hercules Capital during the 3rd quarter valued at about $31,000. Avior Wealth Management LLC increased its holdings in Hercules Capital by 177.2% during the 4th quarter. Avior Wealth Management LLC now owns 1,802 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 1,152 shares during the period. Farther Finance Advisors LLC increased its holdings in Hercules Capital by 59,650.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,390 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 2,386 shares during the period. Archer Investment Corp increased its holdings in Hercules Capital by 345.4% during the 4th quarter. Archer Investment Corp now owns 2,325 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 1,803 shares during the period. Finally, Nomura Asset Management Co. Ltd. grew its holdings in shares of Hercules Capital by 45.6% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 4,086 shares of the financial services provider’s stock worth $80,000 after acquiring an additional 1,279 shares during the period. Hedge funds and other institutional investors own 19.69% of the company’s stock.

Hercules Capital Trading Up 0.2 %

Shares of HTGC stock opened at $21.04 on Tuesday. 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 business has a 50-day moving average price of $19.89 and a two-hundred day moving average price of $19.61. Hercules Capital has a 12-month low of $16.95 and a 12-month high of $21.78. The firm has a market cap of $3.42 billion, a P/E ratio of 10.40 and a beta of 1.35.

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.