Key Points
- Director Thomas Fallon purchased 20,000 shares at $15.88 each ($317,600), increasing his holdings to 120,369 shares—a 19.93% rise in his stake.
- Hercules Capital disclosed a quarterly dividend of $0.07 (annualized $0.28, yield 1.8%), with a high dividend payout ratio of 87.43% and an ex-dividend date of Feb 25.
- Q4 results reported EPS of $0.48 (in line with estimates) but revenue of $133.25M missed the $141.57M consensus; the stock traded at $15.49 (down 1.1%), with a P/E of 8.46 and near its 52-week low.
Hercules Capital, Inc. (NYSE:HTGC - Get Free Report) Director Nikos Theodosopoulos acquired 6,165 shares of the firm's stock in a transaction on Tuesday, February 17th. The stock was bought at an average price of $15.93 per share, with a total value of $98,208.45. Following the purchase, the director directly owned 18,923 shares of the company's stock, valued at $301,443.39. This represents a 48.32% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Hercules Capital Stock Performance
Shares of NYSE HTGC traded down $0.29 during trading hours on Friday, reaching $15.37. The stock had a trading volume of 2,110,682 shares, compared to its average volume of 2,092,485. The firm has a market cap of $2.82 billion, a price-to-earnings ratio of 8.41 and a beta of 0.84. Hercules Capital, Inc. has a fifty-two week low of $15.26 and a fifty-two week high of $21.97. The firm has a 50-day moving average of $18.08 and a 200-day moving average of $18.36. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 1.03.
Hercules Capital (NYSE:HTGC - Get Free Report) last posted its quarterly earnings data on Thursday, February 12th. The financial services provider reported $0.48 earnings per share for the quarter, meeting the consensus estimate of $0.48. Hercules Capital had a return on equity of 15.97% and a net margin of 63.80%.The business had revenue of $133.25 million during the quarter, compared to the consensus estimate of $141.57 million. During the same period in the prior year, the company earned $0.49 earnings per share. Equities research analysts predict that Hercules Capital, Inc. will post 1.96 earnings per share for the current year.
Hercules Capital Cuts Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 4th. Shareholders of record on Wednesday, February 25th will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Wednesday, February 25th. This represents a $0.28 annualized dividend and a yield of 1.8%. Hercules Capital's dividend payout ratio is currently 87.43%.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in HTGC. CWM LLC grew its holdings in shares of Hercules Capital by 79.6% during the second quarter. CWM LLC now owns 1,381 shares of the financial services provider's stock worth $25,000 after buying an additional 612 shares in the last quarter. Assetmark Inc. raised its holdings in Hercules Capital by 173.4% in the 2nd quarter. Assetmark Inc. now owns 1,386 shares of the financial services provider's stock valued at $25,000 after acquiring an additional 879 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Hercules Capital during the fourth quarter worth $27,000. GHP Investment Advisors Inc. purchased a new stake in shares of Hercules Capital in the second quarter valued at $27,000. Finally, Caitlin John LLC acquired a new position in Hercules Capital in the third quarter valued at $29,000. Institutional investors and hedge funds own 19.69% of the company's stock.
Wall Street Analyst Weigh In
HTGC has been the subject of a number of analyst reports. Lucid Cap Mkts raised Hercules Capital to a "strong-buy" rating in a research note on Monday, December 15th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Hercules Capital in a research report on Wednesday, January 28th. Keefe, Bruyette & Woods lowered their price target on Hercules Capital from $20.00 to $19.00 and set an "outperform" rating on the stock in a report on Friday, February 13th. Capital One Financial set a $19.75 price objective on Hercules Capital in a report on Monday, December 15th. Finally, Wells Fargo & Company lowered their price objective on shares of Hercules Capital from $18.00 to $17.00 and set an "overweight" rating on the stock in a research note on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, Hercules Capital currently has an average rating of "Moderate Buy" and an average target price of $19.29.
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Hercules Capital Company Profile
(
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Hercules Capital, Inc is a specialty finance company organized as a business development company (BDC) that provides tailored debt financing solutions to high‐growth companies. Through its external management structure, Hercules Capital extends senior secured loans, subordinated debt and growth capital designed to support research and development, expansion initiatives and working capital needs. The firm primarily partners with venture capital and private equity sponsors to finance innovative enterprises across various developmental stages.
The company's investment portfolio is concentrated in technology, life sciences and sustainable and renewable technology sectors, reflecting its focus on industries with strong growth prospects and recurring capital requirements.
Further Reading
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