Hercules Capital, Inc. (NYSE:HTGC) – Analysts at Piper Sandler decreased their Q2 2021 EPS estimates for Hercules Capital in a research note issued to investors on Thursday, April 29th. Piper Sandler analyst C. Love now expects that the financial services provider will post earnings of $0.32 per share for the quarter, down from their previous forecast of $0.33. Piper Sandler has a “Overweight” rating and a $16.00 price objective on the stock. Piper Sandler also issued estimates for Hercules Capital’s Q3 2021 earnings at $0.34 EPS, Q4 2021 earnings at $0.37 EPS, FY2021 earnings at $1.31 EPS, Q1 2022 earnings at $0.34 EPS, Q2 2022 earnings at $0.35 EPS, Q4 2022 earnings at $0.38 EPS and FY2022 earnings at $1.43 EPS.
Several other research analysts also recently issued reports on HTGC. B. Riley lifted their price objective on Hercules Capital from $16.50 to $18.50 and gave the stock a “buy” rating in a research report on Friday, April 30th. TheStreet upgraded Hercules Capital from a “c+” rating to a “b” rating in a research report on Friday, March 12th. Royal Bank of Canada started coverage on Hercules Capital in a research report on Wednesday, March 31st. They set an “outperform” rating and a $17.00 price objective for the company. Zacks Investment Research downgraded Hercules Capital from a “hold” rating to a “sell” rating and set a $18.00 price target for the company. in a report on Monday. Finally, Oppenheimer initiated coverage on shares of Hercules Capital in a research report on Monday. They set an “outperform” rating and a $17.50 price target for the company. One equities research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $15.44.
Hercules Capital (NYSE:HTGC) last posted its quarterly earnings results on Monday, February 22nd. The financial services provider reported $0.37 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.04. Hercules Capital had a return on equity of 13.58% and a net margin of 42.72%. The company had revenue of $75.33 million for the quarter, compared to analysts’ expectations of $70.59 million. During the same period last year, the firm earned $0.38 earnings per share. Hercules Capital’s quarterly revenue was up 6.7% on a year-over-year basis.
Large investors have recently bought and sold shares of the stock. Telemus Capital LLC grew its position in Hercules Capital by 12.5% in the 4th quarter. Telemus Capital LLC now owns 90,000 shares of the financial services provider’s stock worth $1,298,000 after purchasing an additional 10,000 shares during the last quarter. Eagle Global Advisors LLC grew its position in Hercules Capital by 15.7% in the 4th quarter. Eagle Global Advisors LLC now owns 54,500 shares of the financial services provider’s stock worth $786,000 after purchasing an additional 7,400 shares during the last quarter. Van ECK Associates Corp grew its position in Hercules Capital by 11.9% in the 4th quarter. Van ECK Associates Corp now owns 1,068,579 shares of the financial services provider’s stock worth $15,409,000 after purchasing an additional 113,398 shares during the last quarter. Future Financial Wealth Managment LLC bought a new position in shares of Hercules Capital during the 4th quarter worth about $534,000. Finally, Kovack Advisors Inc. lifted its holdings in Hercules Capital by 17.4% during the 4th quarter. Kovack Advisors Inc. now owns 23,253 shares of the financial services provider’s stock valued at $335,000 after purchasing an additional 3,439 shares during the last quarter. Institutional investors and hedge funds own 28.89% of the company’s stock.
In related news, Director Thomas J. Fallon sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, March 15th. The shares were sold at an average price of $16.56, for a total value of $248,400.00. Following the completion of the sale, the director now owns 49,937 shares in the company, valued at approximately $826,956.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Scott Bluestein sold 80,000 shares of the stock in a transaction that occurred on Thursday, March 18th. The stock was sold at an average price of $15.80, for a total transaction of $1,264,000.00. Following the completion of the sale, the chief executive officer now owns 923,086 shares of the company’s stock, valued at approximately $14,584,758.80. The disclosure for this sale can be found here. 3.30% of the stock is currently owned by corporate insiders.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 19th. Shareholders of record on Wednesday, May 12th will be given a $0.39 dividend. This is a boost from Hercules Capital’s previous quarterly dividend of $0.32. The ex-dividend date is Tuesday, May 11th. This represents a $1.56 annualized dividend and a yield of 8.89%. Hercules Capital’s dividend payout ratio is 90.78%.
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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