Gilman Hill Asset Management LLC lifted its holdings in Hercules Capital Inc (NYSE:HTGC) by 5.0% during the third quarter, Holdings Channel reports. The institutional investor owned 355,389 shares of the financial services provider’s stock after purchasing an additional 16,789 shares during the period. Hercules Capital comprises approximately 1.8% of Gilman Hill Asset Management LLC’s portfolio, making the stock its 15th largest holding. Gilman Hill Asset Management LLC’s holdings in Hercules Capital were worth $4,677,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of HTGC. Granite Investment Partners LLC bought a new position in shares of Hercules Capital in the 2nd quarter worth about $14,788,000. Northpointe Capital LLC bought a new position in shares of Hercules Capital in the 2nd quarter worth about $14,128,000. Centaurus Financial Inc. lifted its position in shares of Hercules Capital by 299.8% in the 2nd quarter. Centaurus Financial Inc. now owns 580,432 shares of the financial services provider’s stock worth $7,342,000 after buying an additional 435,247 shares during the last quarter. Monarch Partners Asset Management LLC bought a new position in shares of Hercules Capital in the 2nd quarter worth about $2,861,000. Finally, CNO Financial Group Inc. lifted its position in shares of Hercules Capital by 55.2% in the 2nd quarter. CNO Financial Group Inc. now owns 379,367 shares of the financial services provider’s stock worth $4,799,000 after buying an additional 135,000 shares during the last quarter. Institutional investors own 37.45% of the company’s stock.
A number of research firms have recently issued reports on HTGC. JMP Securities raised their price target on shares of Hercules Capital from $14.00 to $14.50 and gave the stock a “market outperform” rating in a research report on Thursday, August 16th. Wedbush raised their price target on shares of Hercules Capital from $13.75 to $15.00 and gave the stock an “outperform” rating in a research report on Monday, August 6th. Compass Point set a $14.00 price target on shares of Hercules Capital and gave the stock a “buy” rating in a research report on Friday, August 3rd. ValuEngine upgraded shares of Hercules Capital from a “sell” rating to a “hold” rating in a research report on Thursday, July 19th. Finally, Zacks Investment Research upgraded shares of Hercules Capital from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research report on Wednesday, October 3rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $14.57.
Hercules Capital (NYSE:HTGC) last issued its quarterly earnings data on Thursday, August 2nd. The financial services provider reported $0.29 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.01. The firm had revenue of $49.56 million for the quarter, compared to the consensus estimate of $48.79 million. Hercules Capital had a net margin of 56.32% and a return on equity of 11.55%. Hercules Capital’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period last year, the firm posted $0.33 EPS. On average, research analysts expect that Hercules Capital Inc will post 1.23 earnings per share for the current fiscal year.
About Hercules Capital
Hercules Capital, Inc, formerly known as Hercules Technology Growth Capital, Inc, is a business development company 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.
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