Rep. Virginia Foxx Buys Hercules Capital, Inc. (NYSE:HTGC) Stock

Representative Virginia Foxx (R-North Carolina) recently bought shares of Hercules Capital, Inc. (NYSE:HTGC). In a filing disclosed on December 11th, the Representative disclosed that they had bought between $1,001 and $15,000 in Hercules Capital stock on November 20th.

Representative Virginia Foxx also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Energy Transfer (NYSE:ET) on 11/19/2024.
• Purchased $1,001 – $15,000 in shares of Alliance Resource Partners (NASDAQ:ARLP) on 11/14/2024.
• Purchased $15,001 – $50,000 in shares of Hercules Capital (NYSE:HTGC) on 10/23/2024.
• Purchased $1,001 – $15,000 in shares of Ellington Financial (NYSE:EFC) on 9/30/2024.

Hercules Capital Price Performance

Hercules Capital stock opened at $19.43 on Friday. The company has a market cap of $3.16 billion, a price-to-earnings ratio of 9.62 and a beta of 1.36. The firm’s fifty day moving average is $19.50 and its 200 day moving average is $19.65. Hercules Capital, Inc. has a 52-week low of $15.32 and a 52-week high of $21.78. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.94.

Hercules Capital (NYSE:HTGC) last issued its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.51. Hercules Capital had a return on equity of 17.88% and a net margin of 65.07%. The business had revenue of $125.25 million for the quarter, compared to the consensus estimate of $125.80 million. During the same period in the prior year, the firm posted $0.52 earnings per share. Sell-side analysts forecast that Hercules Capital, Inc. will post 2.01 EPS for the current fiscal year.

Hercules Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 13th were given a $0.48 dividend. The ex-dividend date was Wednesday, November 13th. This represents a $1.92 annualized dividend and a dividend yield of 9.88%. Hercules Capital’s payout ratio is 79.21%.

Hedge Funds Weigh In On Hercules Capital

Hedge funds have recently made changes to their positions in the business. International Assets Investment Management LLC grew its stake in Hercules Capital by 1,861.8% during the third quarter. International Assets Investment Management LLC now owns 407,119 shares of the financial services provider’s stock worth $79,960,000 after buying an additional 386,367 shares in the last quarter. Strategic Financial Concepts LLC increased its stake in shares of Hercules Capital by 2,067.0% in the second quarter. Strategic Financial Concepts LLC now owns 353,221 shares of the financial services provider’s stock valued at $72,000 after buying an additional 336,921 shares during the period. Van ECK Associates Corp boosted its position in Hercules Capital by 11.8% during the 2nd quarter. Van ECK Associates Corp now owns 2,824,840 shares of the financial services provider’s stock worth $57,768,000 after buying an additional 298,992 shares during the period. TrueMark Investments LLC acquired a new position in Hercules Capital in the 2nd quarter valued at approximately $3,015,000. Finally, Legacy Capital Wealth Partners LLC bought a new position in shares of Hercules Capital during the second quarter valued at $2,005,000. 19.69% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Hercules Capital news, CEO Scott Bluestein sold 100,000 shares of Hercules Capital stock in a transaction that occurred 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 of the company’s stock, valued at $42,338,045.13. This trade represents a 4.42 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.90% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Keefe, Bruyette & Woods raised shares of Hercules Capital from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $19.50 to $21.50 in a research report on Thursday. Wells Fargo & Company upped their price objective on Hercules Capital from $20.00 to $21.00 and gave the stock an “overweight” rating in a report on Tuesday, October 29th. Finally, JMP Securities restated a “market outperform” rating and set a $22.00 price objective on shares of Hercules Capital in a research report on Friday, December 6th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $20.90.

About Representative Foxx

Virginia Foxx (Republican Party) is a member of the U.S. House, representing North Carolina’s 5th Congressional District. She assumed office on January 3, 2005. Her current term ends on January 3, 2025. Foxx (Republican Party) is running for re-election to the U.S. House to represent North Carolina’s 5th Congressional District. She declared candidacy for the 2024 election. Prior to her election to the U.S. House, Foxx served as a member of the North Carolina State Senate as well as deputy secretary for management for North Carolina. Foxx was born in New York, New York. She earned a B.A. and M.A.C.T. from the University of North Carolina, Chapel Hill, in 1968 and 1972, respectively, and an Ed.D. from the University of North Carolina, Greensboro, in 1985. Foxx worked as an instructor at Caldwell Community College in Hudson, NC, and an instructor and assistant dean at Appalachian State University in Boone, NC. She owned a landscape nursery and served as Deputy Secretary for Management at the North Carolina Department of Administration.

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.