Nisa Investment Advisors LLC Trims Holdings in Hercules Capital, Inc. (NYSE:HTGC)

Nisa Investment Advisors LLC lowered its position in shares of Hercules Capital, Inc. (NYSE:HTGC) by 34.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund 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 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Kathleen S. Wright Associates Inc. acquired a new position in Hercules Capital during the third quarter worth approximately $31,000. Farther Finance Advisors LLC increased its holdings in shares of 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 worth $47,000 after buying an additional 2,386 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its position in shares of Hercules Capital by 45.6% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 4,086 shares of the financial services provider’s stock worth $80,000 after buying an additional 1,279 shares during the period. Armstrong Advisory Group Inc. boosted its holdings in Hercules Capital by 198.9% in the third quarter. Armstrong Advisory Group Inc. now owns 5,380 shares of the financial services provider’s stock valued at $106,000 after acquiring an additional 3,580 shares during the last quarter. Finally, Beaumont Financial Advisors LLC purchased a new stake in Hercules Capital during the third quarter valued at about $224,000. Hedge funds and other institutional investors own 19.69% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on HTGC shares. Keefe, Bruyette & Woods raised shares of Hercules Capital from a “market perform” rating to an “outperform” rating and raised their target price for the company from $19.50 to $21.50 in a research note on Thursday, December 12th. Wells Fargo & Company raised 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. Finally, JMP Securities restated a “market outperform” rating and set a $22.00 price objective on shares of Hercules Capital in a research note on Monday, January 6th.

Hercules Capital Trading Up 1.6 %

Shares of NYSE:HTGC opened at $21.06 on Friday. Hercules Capital, Inc. has a fifty-two week low of $16.72 and a fifty-two 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 PE ratio of 10.42 and a beta of 1.35. The company’s 50-day moving average price is $19.80 and its 200 day moving average price is $19.64.

Hercules Capital (NYSE:HTGC) last announced its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.51. The company had revenue of $125.25 million during the quarter, compared to analyst estimates of $125.80 million. Hercules Capital had a return on equity of 17.88% and a net margin of 65.07%. During the same quarter in the previous year, the firm posted $0.52 EPS. Sell-side analysts anticipate that Hercules Capital, Inc. will post 2.01 earnings per share for the current 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.