Nisa Investment Advisors LLC Has $76,000 Stock Position in Hercules Capital, Inc. (NYSE:HTGC)

Nisa Investment Advisors LLC lessened its stake in shares of Hercules Capital, Inc. (NYSE:HTGC) by 34.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 3,800 shares of the financial services provider’s stock after selling 2,000 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Hercules Capital were worth $76,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Van ECK Associates Corp grew its holdings in shares of Hercules Capital by 10.3% during the third quarter. Van ECK Associates Corp now owns 3,115,419 shares of the financial services provider’s stock valued at $61,873,000 after buying an additional 290,579 shares in the last quarter. Sound Income Strategies LLC grew its stake in Hercules Capital by 1.8% during the 3rd quarter. Sound Income Strategies LLC now owns 2,737,345 shares of the financial services provider’s stock valued at $53,761,000 after acquiring an additional 47,672 shares in the last quarter. Tectonic Advisors LLC increased its holdings in shares of Hercules Capital by 17.0% in the 3rd quarter. Tectonic Advisors LLC now owns 433,032 shares of the financial services provider’s stock valued at $8,505,000 after purchasing an additional 62,826 shares during the period. Muzinich & Co. Inc. lifted its position in shares of Hercules Capital by 9.9% in the third quarter. Muzinich & Co. Inc. now owns 408,362 shares of the financial services provider’s stock worth $8,020,000 after purchasing an additional 36,886 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its holdings in shares of Hercules Capital by 1,861.8% during 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 during the period. 19.69% of the stock is owned by hedge funds and other institutional investors.

Hercules Capital Price Performance

NYSE HTGC opened at $21.06 on Friday. 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 stock has a market capitalization of $3.42 billion, a PE ratio of 10.42 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 50 day moving average price of $19.80 and a two-hundred day moving average price of $19.64.

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 the consensus estimate of $0.51. The business had revenue of $125.25 million during 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 quarter in the previous year, the business earned $0.52 EPS. As a group, equities analysts predict that Hercules Capital, Inc. will post 2.01 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Keefe, Bruyette & Woods upgraded shares of Hercules Capital from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $19.50 to $21.50 in a research note on Thursday, December 12th. JMP Securities reaffirmed a “market outperform” rating and issued a $22.00 price target on shares of Hercules Capital in a research note on Monday, January 6th. Finally, 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 report on Tuesday, October 29th.

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.