Hercules Capital, Inc. (NYSE:HTGC) Director Gayle A. Crowell Acquires 702 Shares

Hercules Capital, Inc. (NYSE:HTGC) Director Gayle A. Crowell acquired 702 shares of the business’s stock in a transaction on Tuesday, June 25th. The stock was bought at an average cost of $20.05 per share, for a total transaction of $14,075.10. Following the completion of the transaction, the director now directly owns 53,576 shares of the company’s stock, valued at $1,074,198.80. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.

Hercules Capital Stock Up 0.5 %

NYSE HTGC traded up $0.11 during trading hours on Wednesday, reaching $20.15. 675,536 shares of the company traded hands, compared to its average volume of 899,780. The company has a 50 day moving average of $19.42 and a two-hundred day moving average of $18.22. The stock has a market capitalization of $3.27 billion, a PE ratio of 9.16 and a beta of 1.36. Hercules Capital, Inc. has a 12 month low of $14.11 and a 12 month high of $20.28. The company has a current ratio of 2.47, a quick ratio of 2.47 and a debt-to-equity ratio of 0.93.

Hercules Capital (NYSE:HTGC) last posted its quarterly earnings results on Thursday, May 2nd. The financial services provider reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. The business had revenue of $121.55 million during the quarter, compared to the consensus estimate of $121.86 million. Hercules Capital had a return on equity of 18.35% and a net margin of 69.98%. The company’s revenue for the quarter was up 15.7% compared to the same quarter last year. During the same period last year, the firm earned $0.47 earnings per share. As a group, equities analysts expect that Hercules Capital, Inc. will post 2.06 earnings per share for the current year.

Hercules Capital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 21st. Stockholders of record on Tuesday, May 14th were issued a $0.48 dividend. The ex-dividend date of this dividend was Monday, May 13th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.53%. Hercules Capital’s dividend payout ratio (DPR) is 72.73%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Wells Fargo & Company increased their target price on Hercules Capital from $19.50 to $20.00 and gave the company an “overweight” rating in a research note on Friday, May 3rd. JMP Securities increased their price objective on shares of Hercules Capital from $19.00 to $20.00 and gave the company a “market outperform” rating in a research report on Friday, May 3rd. Keefe, Bruyette & Woods boosted their target price on shares of Hercules Capital from $18.00 to $19.00 and gave the stock a “market perform” rating in a research report on Friday, May 3rd. Finally, Piper Sandler raised their price target on shares of Hercules Capital from $21.00 to $21.50 and gave the company an “overweight” rating in a report on Friday, May 3rd. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Hercules Capital currently has an average rating of “Hold” and a consensus target price of $18.56.

Institutional Investors Weigh In On Hercules Capital

Several institutional investors and hedge funds have recently made changes to their positions in the company. HighTower Advisors LLC increased its stake in Hercules Capital by 2.4% during the third quarter. HighTower Advisors LLC now owns 54,801 shares of the financial services provider’s stock valued at $900,000 after purchasing an additional 1,274 shares during the last quarter. UBS Group AG raised its stake in Hercules Capital by 4.4% during the third quarter. UBS Group AG now owns 276,873 shares of the financial services provider’s stock worth $4,546,000 after acquiring an additional 11,621 shares during the period. LPL Financial LLC lifted its holdings in Hercules Capital by 8.8% in the third quarter. LPL Financial LLC now owns 527,090 shares of the financial services provider’s stock worth $8,655,000 after acquiring an additional 42,417 shares during the last quarter. Quadrature Capital Ltd acquired a new position in Hercules Capital in the third quarter valued at approximately $302,000. Finally, Advisors Asset Management Inc. boosted its stake in Hercules Capital by 3.5% in the third quarter. Advisors Asset Management Inc. now owns 420,971 shares of the financial services provider’s stock valued at $6,912,000 after acquiring an additional 14,388 shares during the period. 19.69% of the stock is owned by institutional investors and hedge funds.

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.