Hercules Capital Inc (NYSE:HTGC) is Sound Income Strategies LLC’s 6th Largest Position

Sound Income Strategies LLC lifted its stake in shares of Hercules Capital Inc (NYSE:HTGC) by 7.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,253,499 shares of the financial services provider’s stock after buying an additional 84,114 shares during the quarter. Hercules Capital comprises approximately 7.2% of Sound Income Strategies LLC’s investment portfolio, making the stock its 6th largest holding. Sound Income Strategies LLC owned about 1.30% of Hercules Capital worth $15,869,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. SHANDA ASSET MANAGEMENT HOLDINGS Ltd lifted its stake in Hercules Capital by 28.9% during the 4th quarter. SHANDA ASSET MANAGEMENT HOLDINGS Ltd now owns 2,102,327 shares of the financial services provider’s stock valued at $23,231,000 after acquiring an additional 471,571 shares in the last quarter. Monarch Partners Asset Management LLC raised its stake in shares of Hercules Capital by 145.0% during the 4th quarter. Monarch Partners Asset Management LLC now owns 733,428 shares of the financial services provider’s stock worth $8,104,000 after purchasing an additional 434,050 shares during the period. California Public Employees Retirement System raised its stake in shares of Hercules Capital by 287.8% during the 4th quarter. California Public Employees Retirement System now owns 129,900 shares of the financial services provider’s stock worth $1,435,000 after purchasing an additional 96,400 shares during the period. Mckinley Capital Management LLC Delaware raised its stake in shares of Hercules Capital by 30.4% during the 4th quarter. Mckinley Capital Management LLC Delaware now owns 407,074 shares of the financial services provider’s stock worth $4,499,000 after purchasing an additional 94,889 shares during the period. Finally, Legal & General Group Plc raised its stake in shares of Hercules Capital by 27.0% during the 4th quarter. Legal & General Group Plc now owns 434,699 shares of the financial services provider’s stock worth $4,806,000 after purchasing an additional 92,461 shares during the period. 36.42% of the stock is owned by institutional investors.

A number of equities research analysts have recently commented on the company. Wedbush reiterated an “outperform” rating on shares of Hercules Capital in a research note on Friday, February 22nd. Zacks Investment Research raised Hercules Capital from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a report on Wednesday. B. Riley lowered Hercules Capital from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $15.00 to $11.50 in a report on Wednesday, March 13th. Keefe, Bruyette & Woods lowered Hercules Capital from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $14.00 to $11.50 in a report on Wednesday, March 13th. Finally, Compass Point lowered Hercules Capital from a “buy” rating to a “neutral” rating in a report on Tuesday, March 12th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Hercules Capital has an average rating of “Hold” and a consensus target price of $13.29.

Shares of NYSE HTGC opened at $12.95 on Friday. Hercules Capital Inc has a 12 month low of $10.57 and a 12 month high of $14.17. 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 stock has a market cap of $1.25 billion, a PE ratio of 10.88, a price-to-earnings-growth ratio of 9.65 and a beta of 1.03.

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

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Hercules Capital Company 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.

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

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