Hercules Capital (HTGC) to Release Quarterly Earnings on Wednesday

Hercules Capital (NYSE:HTGC - Get Free Report) will release its earnings data after the market closes on Wednesday, October 30th. Analysts expect Hercules Capital to post earnings of $0.51 per share for the quarter. Parties interested in participating in the company's conference call can do so using this link.

Hercules Capital (NYSE:HTGC - Get Free Report) last announced its earnings results on Thursday, August 1st. The financial services provider reported $0.51 EPS for the quarter, meeting analysts' consensus estimates of $0.51. The business had revenue of $125.01 million for the quarter, compared to analysts' expectations of $124.99 million. Hercules Capital had a net margin of 57.82% and a return on equity of 18.03%. During the same period in the previous year, the company posted $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

NYSE:HTGC traded down $0.18 during trading hours on Wednesday, reaching $19.86. 787,045 shares of the company's stock were exchanged, compared to its average volume of 914,819. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.94. The firm has a market capitalization of $3.22 billion, a price-to-earnings ratio of 8.96 and a beta of 1.39. Hercules Capital has a 1-year low of $15.02 and a 1-year high of $21.78. The company has a 50-day moving average of $19.30 and a 200 day moving average of $19.57.

Hercules Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 20th. Investors of record on Tuesday, August 13th were issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.67%. The ex-dividend date of this dividend was Tuesday, August 13th. Hercules Capital's dividend payout ratio is currently 72.73%.

Insider Activity at Hercules Capital

In other news, Director Nikos Theodosopoulos purchased 1,608 shares of the 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 acquisition, the director now directly owns 5,613 shares in the company, valued at approximately $101,202.39. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Hercules Capital news, Director Nikos Theodosopoulos acquired 1,608 shares of the stock in a transaction that occurred on Tuesday, August 6th. The shares were purchased at an average cost of $18.03 per share, with a total value of $28,992.24. Following the purchase, the director now owns 5,613 shares in the company, valued at approximately $101,202.39. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Scott Bluestein sold 100,000 shares of Hercules Capital stock in a transaction dated Thursday, September 26th. The stock was 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 approximately $42,338,045.13. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.90% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on HTGC. Piper Sandler boosted their target price on Hercules Capital from $22.00 to $22.50 and gave the company an "overweight" rating in a report on Friday, August 2nd. Wells Fargo & Company upped their price objective on shares of Hercules Capital from $20.00 to $22.00 and gave the stock an "overweight" rating in a research report on Friday, July 26th. Finally, JMP Securities lifted their target price on shares of Hercules Capital from $20.00 to $22.00 and gave the company a "market outperform" rating in a report on Tuesday, July 30th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $20.00.

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.