Hercules Capital (HTGC) to Release Quarterly Earnings on Wednesday

Hercules Capital (NYSE:HTGCGet Free Report) is set to post its quarterly earnings results after the market closes on Wednesday, October 30th. Analysts expect Hercules Capital to post earnings of $0.51 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Hercules Capital (NYSE:HTGCGet Free Report) last released its earnings results on Thursday, August 1st. The financial services provider reported $0.51 EPS for the quarter, meeting analysts’ consensus estimates of $0.51. The company had revenue of $125.01 million during the quarter, compared to analysts’ expectations of $124.99 million. Hercules Capital had a return on equity of 18.03% and a net margin of 57.82%. During the same quarter last year, the business posted $0.53 EPS. On average, analysts expect Hercules Capital to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Hercules Capital Price Performance

Shares of HTGC stock opened at $20.04 on Wednesday. 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 market cap of $3.25 billion, a price-to-earnings ratio of 9.11 and a beta of 1.39. The business’s fifty day moving average is $19.25 and its 200 day moving average is $19.56. Hercules Capital has a twelve month low of $15.02 and a twelve month high of $21.78.

Hercules Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 20th. Investors of record on Tuesday, August 13th were paid a $0.48 dividend. The ex-dividend date was Tuesday, August 13th. This represents a $1.92 annualized dividend and a dividend yield of 9.58%. Hercules Capital’s payout ratio is 72.73%.

Insider Activity at Hercules Capital

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

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Wells Fargo & Company upped their price objective on shares of Hercules Capital from $20.00 to $22.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. JMP Securities boosted their target price on Hercules Capital from $20.00 to $22.00 and gave the stock a “market outperform” rating in a report on Tuesday, July 30th. Finally, Piper Sandler increased their target price on Hercules Capital from $22.00 to $22.50 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Hercules Capital presently has a consensus rating of “Moderate Buy” and an average target price of $20.00.

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About Hercules Capital

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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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Earnings History for Hercules Capital (NYSE:HTGC)

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