Zacks Research Issues Pessimistic Estimate for HTGC Earnings

Hercules Capital, Inc. (NYSE:HTGC) – Stock analysts at Zacks Research cut their Q4 2024 earnings per share estimates for Hercules Capital in a research report issued to clients and investors on Wednesday, November 20th. Zacks Research analyst R. Department now anticipates that the financial services provider will earn $0.50 per share for the quarter, down from their previous estimate of $0.51. The consensus estimate for Hercules Capital’s current full-year earnings is $2.02 per share. Zacks Research also issued estimates for Hercules Capital’s Q1 2025 earnings at $0.49 EPS, Q2 2025 earnings at $0.49 EPS, Q4 2025 earnings at $0.50 EPS, FY2025 earnings at $1.98 EPS, Q1 2026 earnings at $0.50 EPS and Q2 2026 earnings at $0.50 EPS.

HTGC has been the topic of a number of other research reports. JMP Securities upped their price target on Hercules Capital from $20.00 to $22.00 and gave the company a “market outperform” rating in a research report on Tuesday, July 30th. Wells Fargo & Company upped their price target on Hercules Capital from $20.00 to $21.00 and gave the company an “overweight” rating in a research report on Tuesday, October 29th. Finally, Piper Sandler upped their price target on Hercules Capital from $22.00 to $22.50 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $20.40.

Hercules Capital Stock Down 1.5 %

Shares of NYSE:HTGC opened at $18.53 on Friday. Hercules Capital has a 1 year low of $15.14 and a 1 year high of $21.78. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.61 and a quick ratio of 1.61. The business has a fifty day moving average price of $19.65 and a two-hundred day moving average price of $19.68. The company has a market capitalization of $3.01 billion, a PE ratio of 9.17 and a beta of 1.39.

Hercules Capital (NYSE:HTGC) last announced its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.51. The firm had revenue of $125.25 million during the quarter, compared to the consensus estimate of $125.80 million. Hercules Capital had a return on equity of 17.88% and a net margin of 65.07%. During the same quarter in the prior year, the company earned $0.52 EPS.

Hercules Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Wednesday, November 13th were issued a dividend of $0.48 per share. The ex-dividend date was Wednesday, November 13th. This represents a $1.92 dividend on an annualized basis and a yield of 10.36%. Hercules Capital’s dividend payout ratio (DPR) is 79.21%.

Insider Buying and Selling

In other Hercules Capital 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 sale, the chief executive officer now owns 2,161,207 shares of the company’s stock, valued at $42,338,045.13. This trade represents a 4.42 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.90% of the stock is currently owned by insiders.

Institutional Trading of Hercules Capital

Several institutional investors and hedge funds have recently modified their holdings of the business. Wedbush Securities Inc. raised its holdings in shares of Hercules Capital by 3.8% in the 2nd quarter. Wedbush Securities Inc. now owns 15,689 shares of the financial services provider’s stock valued at $321,000 after acquiring an additional 569 shares in the last quarter. RMR Wealth Builders increased its position in shares of Hercules Capital by 3.5% during the 2nd quarter. RMR Wealth Builders now owns 16,997 shares of the financial services provider’s stock valued at $348,000 after purchasing an additional 571 shares during the last quarter. Morse Asset Management Inc increased its position in shares of Hercules Capital by 1.7% during the 3rd quarter. Morse Asset Management Inc now owns 34,900 shares of the financial services provider’s stock valued at $685,000 after purchasing an additional 600 shares during the last quarter. Founders Financial Alliance LLC increased its position in shares of Hercules Capital by 2.3% during the 2nd quarter. Founders Financial Alliance LLC now owns 28,028 shares of the financial services provider’s stock valued at $573,000 after purchasing an additional 627 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in shares of Hercules Capital by 2.7% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 27,319 shares of the financial services provider’s stock valued at $540,000 after purchasing an additional 711 shares during the last quarter. Hedge funds and other institutional investors own 19.69% of the company’s stock.

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.