Hercules Capital (NYSE:HTGC) Issues Quarterly Earnings Results

Hercules Capital (NYSE:HTGC) issued its quarterly earnings data on Wednesday. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.51, Briefing.com reports. The business had revenue of $125.25 million for the quarter, compared to the consensus estimate of $125.80 million. Hercules Capital had a return on equity of 17.89% and a net margin of 65.07%. During the same period in the prior year, the business posted $0.52 earnings per share.

Hercules Capital Trading Down 2.7 %

NYSE:HTGC traded down $0.53 during midday trading on Friday, hitting $19.23. The stock had a trading volume of 2,069,847 shares, compared to its average volume of 917,028. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.94. The stock has a 50-day moving average of $19.53 and a 200 day moving average of $19.64. The company has a market capitalization of $3.12 billion, a price-to-earnings ratio of 9.53 and a beta of 1.39. Hercules Capital has a one year low of $15.14 and a one year high of $21.78.

Hercules Capital Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Wednesday, November 13th will be issued a $0.48 dividend. The ex-dividend date is Wednesday, November 13th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.98%. Hercules Capital’s payout ratio is 79.21%.

Wall Street Analyst Weigh In

HTGC has been the topic of several recent research reports. Piper Sandler raised their price target on Hercules Capital from $22.00 to $22.50 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. JMP Securities raised their target price on shares of Hercules Capital from $20.00 to $22.00 and gave the stock a “market outperform” rating in a report on Tuesday, July 30th. Finally, Wells Fargo & Company boosted their target price on Hercules Capital from $20.00 to $21.00 and gave the company an “overweight” rating in a research report on Tuesday. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $19.83.

Insider Buying and Selling at Hercules Capital

In other news, Director Nikos Theodosopoulos purchased 1,608 shares of the business’s stock in a transaction dated Tuesday, August 6th. The shares were purchased at an average price of $18.03 per share, for a total transaction of $28,992.24. Following the completion of the purchase, the director now owns 5,613 shares in the company, valued at approximately $101,202.39. This represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. In other Hercules Capital news, CEO Scott Bluestein sold 100,000 shares of the company’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $19.59, for a total transaction of $1,959,000.00. Following the completion of the sale, the chief executive officer now owns 2,161,207 shares in the company, valued at $42,338,045.13. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Nikos Theodosopoulos bought 1,608 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were bought at an average cost of $18.03 per share, for a total transaction of $28,992.24. Following the transaction, the director now directly owns 5,613 shares in the company, valued at approximately $101,202.39. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 1.90% of the stock is currently owned by corporate insiders.

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.