Hercules Capital (HTGC) to Release Quarterly Earnings on Wednesday

by · The Markets Daily

Hercules Capital (NYSE:HTGC – Get Free Report) is scheduled to announce its earnings results after the market closes on Wednesday, October 30th. Analysts expect the company to announce earnings of $0.51 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Hercules Capital (NYSE:HTGC – Get Free Report) last released its earnings results on Thursday, August 1st. The financial services provider reported $0.51 EPS for the quarter, meeting the consensus estimate of $0.51. Hercules Capital had a net margin of 57.82% and a return on equity of 18.03%. The firm had revenue of $125.01 million for the quarter, compared to analyst estimates of $124.99 million. During the same period last year, the firm earned $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 Stock Performance

Shares of Hercules Capital stock opened at $19.90 on Monday. The company has a 50 day moving average of $19.38 and a 200-day moving average of $19.61. The company has a market cap of $3.23 billion, a PE ratio of 11.12 and a beta of 1.39. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.94. Hercules Capital has a 1-year low of $15.02 and a 1-year high of $21.78.

Hercules Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 20th. Shareholders of record on Tuesday, August 13th were issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.65%. The ex-dividend date was Tuesday, August 13th. Hercules Capital’s dividend payout ratio is presently 89.39%.

Insiders Place Their Bets

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

Analyst Ratings Changes

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

View Our Latest Stock Report on Hercules Capital

About Hercules Capital

(Get Free Report)

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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