Short Interest in Hercules Capital, Inc. (NYSE:HTGC) Decreases By 5.3%

Hercules Capital, Inc. (NYSE:HTGC) saw a significant decrease in short interest in the month of January. As of January 15th, there was short interest totalling 5,190,000 shares, a decrease of 5.3% from the December 31st total of 5,480,000 shares. Based on an average daily trading volume, of 1,010,000 shares, the short-interest ratio is currently 5.1 days.

Institutional Trading of Hercules Capital

A number of institutional investors and hedge funds have recently modified their holdings of the business. Sigma Planning Corp increased its position in Hercules Capital by 8.9% in the fourth quarter. Sigma Planning Corp now owns 47,603 shares of the financial services provider’s stock worth $956,000 after buying an additional 3,898 shares during the last quarter. Private Advisor Group LLC increased its position in Hercules Capital by 5.8% in the fourth quarter. Private Advisor Group LLC now owns 131,149 shares of the financial services provider’s stock worth $2,635,000 after buying an additional 7,235 shares during the last quarter. D.A. Davidson & CO. grew its position in shares of Hercules Capital by 1.9% in the fourth quarter. D.A. Davidson & CO. now owns 289,183 shares of the financial services provider’s stock valued at $5,810,000 after purchasing an additional 5,333 shares in the last quarter. Truist Financial Corp grew its position in shares of Hercules Capital by 4.2% in the fourth quarter. Truist Financial Corp now owns 33,122 shares of the financial services provider’s stock valued at $665,000 after purchasing an additional 1,322 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV grew its position in shares of Hercules Capital by 0.9% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 92,447 shares of the financial services provider’s stock valued at $1,857,000 after purchasing an additional 799 shares in the last quarter. 19.69% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Keefe, Bruyette & Woods upgraded Hercules Capital from a “market perform” rating to an “outperform” rating and upped their target price for the company from $19.50 to $21.50 in a research report on Thursday, December 12th. JMP Securities reiterated a “market outperform” rating and issued a $22.00 price target on shares of Hercules Capital in a report on Monday, January 6th. Finally, Wells Fargo & Company raised their target price on Hercules Capital from $20.00 to $21.00 and gave the company an “overweight” rating in a report on Tuesday, October 29th.

Hercules Capital Stock Up 0.2 %

HTGC stock opened at $21.04 on Tuesday. Hercules Capital has a twelve month low of $16.95 and a twelve month 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 stock’s 50 day moving average is $19.89 and its 200-day moving average is $19.61. The firm has a market capitalization of $3.42 billion, a PE ratio of 10.40 and a beta of 1.35.

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.