Hercules Capital (NYSE:HTGC) Stock Acquired Rep. Virginia Foxx

Representative Virginia Foxx (R-North Carolina) recently bought shares of Hercules Capital, Inc. NYSE: HTGC. In a filing disclosed on November 12th, the Representative disclosed that they had bought between $15,001 and $50,000 in Hercules Capital stock on October 23rd.

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

• Purchased $1,001 - $15,000 in shares of Ellington Financial NYSE: EFC on 9/30/2024.
• Purchased $1,001 - $15,000 in shares of Hercules Capital NYSE: HTGC on 8/20/2024.
• Purchased $1,001 - $15,000 in shares of Energy Transfer NYSE: ET on 8/19/2024.
• Purchased $1,001 - $15,000 in shares of Alliance Resource Partners NASDAQ: ARLP on 8/14/2024.

Hercules Capital Stock Down 0.7 %

NYSE:HTGC traded down $0.13 during trading hours on Friday, reaching $18.92. The company had a trading volume of 1,490,849 shares, compared to its average volume of 938,454. The firm has a market cap of $3.07 billion, a price-to-earnings ratio of 9.43 and a beta of 1.39. Hercules Capital, Inc. has a twelve month low of $15.14 and a twelve month high of $21.78. The business's 50-day simple moving average is $19.63 and its two-hundred day simple moving average is $19.70. 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 - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.51 earnings per share for the quarter, meeting the consensus estimate 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 analysts' expectations of $125.80 million. During the same period last year, the business earned $0.52 EPS. On average, equities analysts expect that Hercules Capital, Inc. will post 2.02 earnings per share for the current year.

Hercules Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 13th will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 10.15%. The ex-dividend date is Wednesday, November 13th. Hercules Capital's dividend payout ratio (DPR) is 79.21%.

Wall Street Analyst Weigh In

HTGC has been the topic of a number of research analyst reports. Piper Sandler upped their target price on Hercules Capital from $22.00 to $22.50 and gave the stock an "overweight" rating in a report on Friday, August 2nd. Wells Fargo & Company upped their target price on shares of Hercules Capital from $20.00 to $21.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 29th. Finally, JMP Securities boosted their price objective on shares of Hercules Capital from $20.00 to $22.00 and gave the stock a "market outperform" rating in a research note on Tuesday, July 30th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Hercules Capital has an average rating of "Moderate Buy" and a consensus price target of $19.83.

Insider Activity

In other Hercules Capital news, CEO Scott Bluestein sold 100,000 shares of Hercules Capital stock in a transaction dated 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 directly owns 2,161,207 shares of the company's stock, valued at $42,338,045.13. The trade was a 4.42 % 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. Company insiders own 1.90% of the company's stock.

Institutional Trading of Hercules Capital

Large investors have recently made changes to their positions in the business. Tectonic Advisors LLC raised its position in Hercules Capital by 17.0% during the third quarter. Tectonic Advisors LLC now owns 433,032 shares of the financial services provider's stock worth $8,505,000 after acquiring an additional 62,826 shares during the period. Mackenzie Financial Corp lifted its stake in Hercules Capital by 77.0% in the 2nd quarter. Mackenzie Financial Corp now owns 31,632 shares of the financial services provider's stock valued at $647,000 after buying an additional 13,765 shares in the last quarter. Cetera Investment Advisers boosted its holdings in Hercules Capital by 170.7% in the 1st quarter. Cetera Investment Advisers now owns 126,789 shares of the financial services provider's stock worth $2,339,000 after buying an additional 79,947 shares during the last quarter. Cetera Advisors LLC increased its stake in Hercules Capital by 98.9% during the 1st quarter. Cetera Advisors LLC now owns 89,118 shares of the financial services provider's stock worth $1,644,000 after buying an additional 44,315 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in shares of Hercules Capital by 25.6% during the second quarter. Envestnet Asset Management Inc. now owns 186,835 shares of the financial services provider's stock valued at $3,821,000 after acquiring an additional 38,131 shares during the last quarter. 19.69% of the stock is owned by hedge funds and other institutional investors.

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.

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.