Hercules Capital (NYSE:HTGC) Issues Earnings Results

Hercules Capital (NYSE:HTGC) announced its earnings results on Thursday. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.51, Briefing.com reports. The company had revenue of $125.01 million during the quarter, compared to analysts’ expectations of $124.99 million. Hercules Capital had a net margin of 57.82% and a return on equity of 18.22%. During the same quarter in the previous year, the business posted $0.53 earnings per share.

Hercules Capital Trading Down 11.7 %

HTGC stock traded down $2.50 on Friday, hitting $18.81. 7,428,981 shares of the company were exchanged, compared to its average volume of 879,754. Hercules Capital has a twelve month low of $15.02 and a twelve month high of $21.78. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.47 and a quick ratio of 2.47. The business’s fifty day moving average is $20.44 and its two-hundred day moving average is $19.05. The stock has a market capitalization of $3.05 billion, a price-to-earnings ratio of 8.55 and a beta of 1.39.

Hercules Capital Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 20th. Investors of record on Tuesday, August 13th will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 10.21%. The ex-dividend date of this dividend is Tuesday, August 13th. Hercules Capital’s dividend payout ratio (DPR) is 72.73%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. JMP Securities lifted their target price on shares of Hercules Capital from $20.00 to $22.00 and gave the stock a “market outperform” rating in a research report on Tuesday. Wells Fargo & Company boosted their price objective on shares of Hercules Capital from $20.00 to $22.00 and gave the company an “overweight” rating in a research report on Friday, July 26th. Piper Sandler boosted their price objective on shares of Hercules Capital from $22.00 to $22.50 and gave the company an “overweight” rating in a research report on Friday. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Hercules Capital from $18.00 to $19.00 and gave the company a “market perform” rating in a research report on Friday, May 3rd. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $19.19.

Insider Buying and Selling

In related news, Director Robert P. Badavas sold 1,700 shares of Hercules Capital stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $19.60, for a total transaction of $33,320.00. Following the transaction, the director now owns 4,234 shares in the company, valued at approximately $82,986.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Hercules Capital news, Director Robert P. Badavas sold 13,300 shares of the business’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $19.69, for a total value of $261,877.00. Following the transaction, the director now owns 4,234 shares in the company, valued at approximately $83,367.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert P. Badavas sold 1,700 shares of the business’s stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $19.60, for a total transaction of $33,320.00. Following the completion of the transaction, the director now owns 4,234 shares in the company, valued at approximately $82,986.40. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by company 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.