Hercules Capital (NYSE:HTGC) Issues Quarterly Earnings Results

Hercules Capital (NYSE:HTGC) announced its quarterly earnings results on Wednesday. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.51, Briefing.com reports. Hercules Capital had a net margin of 57.82% and a return on equity of 18.03%. The company had revenue of $125.25 million for the quarter, compared to the consensus estimate of $125.80 million. During the same quarter in the prior year, the firm earned $0.52 earnings per share.

Hercules Capital Trading Down 0.4 %

Hercules Capital stock traded down $0.07 during trading on Thursday, hitting $19.83. The company’s stock had a trading volume of 551,587 shares, compared to its average volume of 909,320. The stock’s fifty day moving average is $19.48 and its 200 day moving average is $19.63. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.42 and a current ratio of 1.42. Hercules Capital has a 1-year low of $15.14 and a 1-year high of $21.78. The stock has a market capitalization of $3.22 billion, a price-to-earnings ratio of 9.05 and a beta of 1.39.

Hercules Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 13th will be given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.68%. The ex-dividend date is Wednesday, November 13th. Hercules Capital’s dividend payout ratio is currently 72.73%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on HTGC. Wells Fargo & Company upped their target price on Hercules Capital from $20.00 to $21.00 and gave the company an “overweight” rating in a research note on Tuesday. Piper Sandler upped their price objective on Hercules Capital from $22.00 to $22.50 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Finally, JMP Securities lifted their price objective on Hercules Capital from $20.00 to $22.00 and gave the stock a “market outperform” rating in a research report on Tuesday, July 30th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $19.83.

Insiders Place Their Bets

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