Hercules Capital (HTGC) to Release Quarterly Earnings on Wednesday

Hercules Capital (NYSE:HTGC) is scheduled to be posting 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. Parties interested in listening to the company’s conference call can do so using this link.

Hercules Capital (NYSE:HTGC) last issued its quarterly earnings results on Thursday, August 1st. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.51. Hercules Capital had a return on equity of 18.03% and a net margin of 57.82%. The business had revenue of $125.01 million during the quarter, compared to analyst estimates of $124.99 million. During the same quarter in the prior 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 Hercules Capital 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. Hercules Capital has a 52 week low of $15.02 and a 52 week high of $21.78. The stock’s 50-day simple moving average is $19.25 and its 200-day simple moving average is $19.56. The company has a market capitalization of $3.25 billion, a price-to-earnings ratio of 9.11 and a beta of 1.39.

Hercules Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 20th. Shareholders of record on Tuesday, August 13th were issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 9.58%. The ex-dividend date of this dividend was Tuesday, August 13th. Hercules Capital’s dividend payout ratio (DPR) is currently 72.73%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on HTGC shares. Piper Sandler boosted their target price on Hercules Capital from $22.00 to $22.50 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Wells Fargo & Company upped their price target on shares of Hercules Capital from $20.00 to $22.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. Finally, JMP Securities increased their price objective on shares of Hercules Capital from $20.00 to $22.00 and gave the company 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 issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $20.00.

Insider Activity

In other 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 cost of $18.03 per share, with a total value of $28,992.24. Following the purchase, the director now 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Hercules Capital news, Director Nikos Theodosopoulos acquired 1,608 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were bought at an average price of $18.03 per share, with a total value of $28,992.24. Following the transaction, the director now directly owns 5,613 shares of the company’s stock, valued at $101,202.39. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Scott Bluestein sold 100,000 shares of Hercules Capital stock in a transaction on 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 approximately $42,338,045.13. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.90% 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.