PNC Financial Services Group Inc. increased its holdings in shares of Hercules Capital, Inc. (NYSE:HTGC) by 2.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 77,692 shares of the financial services provider’s stock after purchasing an additional 1,518 shares during the quarter. PNC Financial Services Group Inc. owned 0.09% of Hercules Capital worth $1,028,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. HighTower Advisors LLC increased its position in shares of Hercules Capital by 0.6% during the 1st quarter. HighTower Advisors LLC now owns 12,093 shares of the financial services provider’s stock worth $183,000 after purchasing an additional 72 shares during the last quarter. BB&T Securities LLC boosted its holdings in Hercules Capital by 0.7% during the 1st quarter. BB&T Securities LLC now owns 14,561 shares of the financial services provider’s stock valued at $220,000 after acquiring an additional 100 shares during the period. Ameriprise Financial Inc. boosted its holdings in Hercules Capital by 2.2% during the 1st quarter. Ameriprise Financial Inc. now owns 15,291 shares of the financial services provider’s stock valued at $231,000 after acquiring an additional 331 shares during the period. US Bancorp DE boosted its holdings in Hercules Capital by 1.9% during the 2nd quarter. US Bancorp DE now owns 27,624 shares of the financial services provider’s stock valued at $366,000 after acquiring an additional 512 shares during the period. Finally, Naples Global Advisors LLC boosted its holdings in Hercules Capital by 0.9% during the 2nd quarter. Naples Global Advisors LLC now owns 69,656 shares of the financial services provider’s stock valued at $922,000 after acquiring an additional 600 shares during the period. 42.55% of the stock is owned by hedge funds and other institutional investors.

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HTGC has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods restated an “outperform” rating and set a $15.00 target price on shares of Hercules Capital in a report on Tuesday, July 4th. Jefferies Group LLC restated a “buy” rating and set a $16.00 target price on shares of Hercules Capital in a report on Friday, July 14th. BidaskClub cut Hercules Capital from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Raymond James Financial, Inc. restated an “underperform” rating on shares of Hercules Capital in a report on Friday, August 4th. Finally, Royal Bank Of Canada restated a “buy” rating and set a $16.00 target price on shares of Hercules Capital in a report on Sunday, August 6th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $14.50.

Hercules Capital, Inc. (HTGC) opened at 12.69 on Monday. The stock has a 50 day moving average price of $12.46 and a 200 day moving average price of $13.44. The stock has a market cap of $1.05 billion, a PE ratio of 14.05 and a beta of 0.85. Hercules Capital, Inc. has a 52 week low of $11.64 and a 52 week high of $15.68.

Hercules Capital (NYSE:HTGC) last issued its earnings results on Thursday, August 3rd. The financial services provider reported $0.31 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.31. Hercules Capital had a return on equity of 12.93% and a net margin of 38.69%. The company had revenue of $48.45 million during the quarter, compared to the consensus estimate of $48.25 million. During the same quarter in the prior year, the business earned $0.32 earnings per share. The company’s revenue was up 11.3% compared to the same quarter last year. On average, equities analysts predict that Hercules Capital, Inc. will post $1.17 earnings per share for the current year.

Hercules Capital Company Profile

Hercules Capital, Inc is a specialty finance company. The Company is an internally managed, non-diversified, closed-end investment company. The Company focuses on providing senior secured venture growth loans to venture capital-backed companies in a range of technology, life sciences, and sustainable and renewable technology industries.

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

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