Citigroup Inc. Has $169,000 Holdings in Hercules Capital Inc (NYSE:HTGC)

Citigroup Inc. lowered its stake in shares of Hercules Capital Inc (NYSE:HTGC) by 97.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 15,279 shares of the financial services provider’s stock after selling 504,330 shares during the quarter. Citigroup Inc.’s holdings in Hercules Capital were worth $169,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. lifted its holdings in shares of Hercules Capital by 11.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 88,153 shares of the financial services provider’s stock worth $1,160,000 after buying an additional 8,989 shares during the period. BlackRock Inc. lifted its stake in shares of Hercules Capital by 22.3% during the 3rd quarter. BlackRock Inc. now owns 459,700 shares of the financial services provider’s stock worth $6,050,000 after purchasing an additional 83,909 shares during the last quarter. Virtu Financial LLC increased its position in Hercules Capital by 108.5% during the 3rd quarter. Virtu Financial LLC now owns 26,701 shares of the financial services provider’s stock valued at $351,000 after buying an additional 13,892 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in Hercules Capital during the 3rd quarter valued at about $280,000. Finally, First Republic Investment Management Inc. acquired a new position in Hercules Capital during the 3rd quarter valued at about $157,000. 36.42% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have recently weighed in on the company. Zacks Investment Research raised Hercules Capital from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a report on Wednesday. Wedbush lowered their target price on Hercules Capital from $15.00 to $13.50 and set a “hold” rating on the stock in a research note on Wednesday, March 13th. B. Riley downgraded Hercules Capital from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $15.00 to $11.50 in a research note on Wednesday, March 13th. Keefe, Bruyette & Woods downgraded Hercules Capital from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $14.00 to $11.50 in a research report on Wednesday, March 13th. Finally, Compass Point downgraded Hercules Capital from a “buy” rating to a “neutral” rating in a research report on Tuesday, March 12th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Hercules Capital has a consensus rating of “Hold” and an average price target of $13.29.

NYSE:HTGC opened at $12.95 on Friday. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $1.24 billion, a P/E ratio of 10.88, a P/E/G ratio of 9.65 and a beta of 1.03. Hercules Capital Inc has a one year low of $10.57 and a one year high of $14.17.

Hercules Capital (NYSE:HTGC) last issued its quarterly earnings data on Thursday, February 21st. The financial services provider reported $0.32 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.01. Hercules Capital had a return on equity of 11.90% and a net margin of 36.82%. The business had revenue of $56.89 million during the quarter, compared to analysts’ expectations of $54.87 million. During the same period in the previous year, the firm posted $0.29 earnings per share. The company’s revenue was up 13.3% on a year-over-year basis. As a group, equities research analysts anticipate that Hercules Capital Inc will post 1.33 earnings per share for the current year.

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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.

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Institutional Ownership by Quarter for Hercules Capital (NYSE:HTGC)

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