Insider Buying: Hercules Capital, Inc. (NYSE:HTGC) Director Buys $14,075.10 in Stock

Hercules Capital, Inc. (NYSE:HTGC) Director Gayle A. Crowell bought 702 shares of the company’s stock in a transaction that occurred on Tuesday, June 25th. The stock was purchased at an average price of $20.05 per share, for a total transaction of $14,075.10. Following the transaction, the director now owns 53,576 shares of the company’s stock, valued at $1,074,198.80. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Hercules Capital Trading Up 0.8 %

Shares of NYSE:HTGC opened at $20.45 on Friday. Hercules Capital, Inc. has a 12-month low of $14.52 and a 12-month high of $20.57. The company has a market capitalization of $3.32 billion, a PE ratio of 9.30 and a beta of 1.36. The business has a 50 day moving average of $19.54 and a two-hundred day moving average of $18.28. The company has a current ratio of 2.47, a quick ratio of 2.47 and a debt-to-equity ratio of 0.93.

Hercules Capital (NYSE:HTGC) last announced its quarterly earnings results on Thursday, May 2nd. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. Hercules Capital had a return on equity of 18.35% and a net margin of 69.98%. The company had revenue of $121.55 million during the quarter, compared to the consensus estimate of $121.86 million. During the same period in the previous year, the company posted $0.47 earnings per share. Hercules Capital’s revenue for the quarter was up 15.7% on a year-over-year basis. As a group, analysts forecast that Hercules Capital, Inc. will post 2.06 EPS for the current year.

Hercules Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 21st. Stockholders of record on Tuesday, May 14th were paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 9.39%. The ex-dividend date was Monday, May 13th. Hercules Capital’s payout ratio is 72.73%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in HTGC. NBC Securities Inc. raised its stake in shares of Hercules Capital by 154.8% during the 1st quarter. NBC Securities Inc. now owns 2,624 shares of the financial services provider’s stock worth $48,000 after buying an additional 1,594 shares during the period. Principal Securities Inc. acquired a new position in shares of Hercules Capital during the 4th quarter worth approximately $53,000. Signaturefd LLC raised its stake in shares of Hercules Capital by 30.4% during the 4th quarter. Signaturefd LLC now owns 3,382 shares of the financial services provider’s stock worth $56,000 after buying an additional 789 shares during the period. Cape Investment Advisory Inc. acquired a new position in shares of Hercules Capital during the 4th quarter worth approximately $56,000. Finally, Orion Capital Management LLC acquired a new position in Hercules Capital in the 3rd quarter valued at $66,000. 19.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on HTGC. Piper Sandler upped their target price on Hercules Capital from $21.00 to $21.50 and gave the company an “overweight” rating in a research report on Friday, May 3rd. JMP Securities upped their target price on Hercules Capital from $19.00 to $20.00 and gave the company a “market outperform” rating in a research report on Friday, May 3rd. Keefe, Bruyette & Woods upped their target price on Hercules Capital from $18.00 to $19.00 and gave the company a “market perform” rating in a research report on Friday, May 3rd. Finally, Wells Fargo & Company upped their target price on Hercules Capital from $19.50 to $20.00 and gave the company an “overweight” rating in a research report on Friday, May 3rd. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Hercules Capital currently has a consensus rating of “Hold” and an average price target of $18.56.

About Hercules Capital

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.