Gayle A. Crowell Purchases 702 Shares of Hercules Capital, Inc. (NYSE:HTGC) Stock

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

Hercules Capital Price Performance

Shares of NYSE:HTGC opened at $20.29 on Friday. The firm has a 50 day moving average of $19.50 and a 200-day moving average of $18.25. Hercules Capital, Inc. has a 12 month low of $14.30 and a 12 month high of $20.40. The company has a current ratio of 2.47, a quick ratio of 2.47 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $3.29 billion, a PE ratio of 9.22 and a beta of 1.36.

Hercules Capital (NYSE:HTGC) last announced its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $0.50 EPS for the quarter, beating the consensus estimate 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 net margin of 69.98% and a return on equity of 18.35%. The company’s revenue was up 15.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.47 earnings per share. On average, equities research analysts predict that Hercules Capital, Inc. will post 2.06 EPS for the current fiscal year.

Hercules Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 21st. Investors of record on Tuesday, May 14th were paid a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 9.47%. The ex-dividend date of this dividend was Monday, May 13th. Hercules Capital’s dividend payout ratio (DPR) is presently 72.73%.

Institutional Investors Weigh In On Hercules Capital

Hedge funds have recently made changes to their positions in the stock. International Assets Investment Management LLC grew its position in Hercules Capital by 1,567.0% during the 4th quarter. International Assets Investment Management LLC now owns 1,345,736 shares of the financial services provider’s stock worth $22,433,000 after acquiring an additional 1,265,008 shares during the last quarter. Melia Wealth LLC bought a new stake in shares of Hercules Capital during the fourth quarter worth about $10,922,000. Van ECK Associates Corp raised its holdings in Hercules Capital by 18.8% in the 4th quarter. Van ECK Associates Corp now owns 2,414,747 shares of the financial services provider’s stock valued at $40,254,000 after buying an additional 381,318 shares during the last quarter. Confluence Investment Management LLC acquired a new stake in Hercules Capital during the 1st quarter worth approximately $6,950,000. Finally, Global Assets Advisory LLC grew its holdings in Hercules Capital by 1,920.8% during the 1st quarter. Global Assets Advisory LLC now owns 221,051 shares of the financial services provider’s stock worth $4,078,000 after acquiring an additional 210,112 shares during the last quarter. 19.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

About Hercules Capital

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.