Ares Management Has Lifted By $3.84 Million Its Hercules Capital (HTGC) Stake; National Oilwell Varco (NOV) Shorts Lowered By 5.19%

February 16, 2018 - By Pete Kolinski

Ares Management Llc increased Hercules Capital Inc. (HTGC) stake by 41.93% reported in 2017Q3 SEC filing. Ares Management Llc acquired 320,387 shares as Hercules Capital Inc. (HTGC)’s stock declined 12.59%. The Ares Management Llc holds 1.08 million shares with $13.99M value, up from 764,189 last quarter. Hercules Capital Inc. now has $1.06B valuation. The stock increased 1.37% or $0.17 during the last trading session, reaching $12.61. About 295,367 shares traded. Hercules Capital, Inc. (NYSE:HTGC) has risen 12.95% since February 16, 2017 and is uptrending. It has underperformed by 3.75% the S&P500.

National Oilwell Varco Incorporated (NYSE:NOV) had a decrease of 5.19% in short interest. NOV’s SI was 31.41 million shares in February as released by FINRA. Its down 5.19% from 33.13M shares previously. With 2.67 million avg volume, 12 days are for National Oilwell Varco Incorporated (NYSE:NOV)’s short sellers to cover NOV’s short positions. The stock increased 1.37% or $0.48 during the last trading session, reaching $35.61. About 3.17 million shares traded. National Oilwell Varco, Inc. (NYSE:NOV) has risen 11.97% since February 16, 2017 and is uptrending. It has underperformed by 4.73% the S&P500.

Investors sentiment decreased to 0.97 in 2017 Q3. Its down 0.60, from 1.57 in 2017Q2. It dropped, as 25 investors sold HTGC shares while 42 reduced holdings. 21 funds opened positions while 44 raised stakes. 29.72 million shares or 7.71% less from 32.20 million shares in 2017Q2 were reported. Highlander Capital Mngmt Limited Liability Company holds 0.04% in Hercules Capital, Inc. (NYSE:HTGC) or 3,532 shares. 352,467 are owned by Raymond James. Muzinich Company, New York-based fund reported 3.15M shares. 137,210 are held by Polaris Capital. Capital Investment Advsr Limited Liability reported 10,057 shares. Citigroup stated it has 26,590 shares or 0% of all its holdings. Stifel Fincl has invested 0.02% of its portfolio in Hercules Capital, Inc. (NYSE:HTGC). 342,463 were accumulated by Millennium Management Ltd Liability Corporation. Royal Financial Bank Of Canada owns 1.76 million shares or 0.01% of their US portfolio. West Family Invs reported 20,000 shares stake. Nj State Employees Deferred Compensation Plan has 40,000 shares. Parametric Port Ltd Liability Corporation accumulated 0% or 178,880 shares. Pnc Fincl Svcs Grp, a Pennsylvania-based fund reported 77,864 shares. Brinker Inc invested in 0.01% or 15,235 shares. Cardinal Management Limited Liability Ct, Connecticut-based fund reported 259,835 shares.

Ares Management Llc decreased Midstates Petroleum Company Inc stake by 298,590 shares to 51,415 valued at $799,000 in 2017Q3. It also reduced Triplepoint Venture Growth (NYSE:TPVG) stake by 55,980 shares and now owns 451,189 shares. Pennymac Mortgage (NYSE:PMT) was reduced too.

Among 13 analysts covering Hercules Tech (NYSE:HTGC), 12 have Buy rating, 0 Sell and 1 Hold. Therefore 92% are positive. Hercules Tech had 30 analyst reports since August 7, 2015 according to SRatingsIntel. The stock has “Outperform” rating by FBR Capital on Friday, February 24. The rating was upgraded by MLV to “Buy” on Friday, August 7. As per Tuesday, August 15, the company rating was maintained by Jefferies. The firm has “Buy” rating given on Tuesday, February 6 by Sandler O’Neill. The company was upgraded on Friday, November 3 by Raymond James. The stock has “Hold” rating by Sandler O’Neill on Wednesday, January 10. The firm has “Outperform” rating by FBR Capital given on Friday, February 26. Compass Point upgraded the shares of HTGC in report on Friday, September 8 to “Buy” rating. On Sunday, November 5 the stock rating was maintained by RBC Capital Markets with “Buy”. On Wednesday, February 7 the stock rating was upgraded by Wedbush to “Outperform”.

National Oilwell Varco, Inc. designs, makes, and sells equipment and components used in gas and oil drilling, completion, and production operations; and provides oilfield services to the upstream gas and oil industry worldwide. The company has market cap of $13.53 billion. It operates through four divisions: Rig Systems, Rig Aftermarket, Wellbore Technologies, and Completion & Production Solutions. It currently has negative earnings. The Rig Systems segment offers land rigs; offshore drilling equipment packages; and drilling rig components.

Among 34 analysts covering National Oilwell Varco (NYSE:NOV), 10 have Buy rating, 5 Sell and 19 Hold. Therefore 29% are positive. National Oilwell Varco had 119 analyst reports since July 31, 2015 according to SRatingsIntel. On Wednesday, August 26 the stock rating was upgraded by JP Morgan to “Underweight”. On Wednesday, March 9 the stock rating was maintained by Susquehanna with “Neutral”. Jefferies maintained National Oilwell Varco, Inc. (NYSE:NOV) on Wednesday, February 7 with “Hold” rating. Cowen & Co maintained the shares of NOV in report on Friday, July 7 with “Hold” rating. As per Wednesday, May 4, the company rating was downgraded by Societe Generale. The stock has “Underperform” rating by Bank of America on Monday, June 13. The rating was upgraded by SunTrust on Wednesday, November 29 to “Hold”. The stock of National Oilwell Varco, Inc. (NYSE:NOV) earned “Sell” rating by Citigroup on Monday, October 3. As per Thursday, December 1, the company rating was downgraded by Seaport Global. The rating was maintained by Credit Suisse with “Underperform” on Friday, September 4.

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