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
HTGC stock traded down $0.03 during trading on Friday, reaching $19.41. 975,458 shares of the company were exchanged, compared to its average volume of 949,254. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.61 and a current ratio of 1.61. The stock's 50 day moving average price is $19.49 and its 200 day moving average price is $19.65. Hercules Capital, Inc. has a 52-week low of $15.68 and a 52-week high of $21.78. The company has a market cap of $3.15 billion, a P/E ratio of 9.61 and a beta of 1.36.
Hercules Capital (NYSE:HTGC - Get Free Report) last posted its earnings results on Wednesday, October 30th. The financial services provider reported $0.51 earnings per share for the quarter, meeting the consensus estimate of $0.51. The firm had revenue of $125.25 million during the quarter, compared to the consensus estimate of $125.80 million. Hercules Capital had a net margin of 65.07% and a return on equity of 17.88%. During the same period last year, the firm posted $0.52 EPS. As a group, analysts predict that Hercules Capital, Inc. will post 2.01 earnings per share for the current fiscal year.
Hercules Capital Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 13th were issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 9.89%. The ex-dividend date was Wednesday, November 13th. Hercules Capital's dividend payout ratio (DPR) is currently 79.21%.
Analyst Upgrades and Downgrades
A number of research analysts have commented on the company. Wells Fargo & Company boosted their price objective on Hercules Capital from $20.00 to $21.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 29th. JMP Securities reaffirmed a "market outperform" rating and issued a $22.00 price objective on shares of Hercules Capital in a research report on Friday, December 6th. Finally, Keefe, Bruyette & Woods raised shares of Hercules Capital from a "market perform" rating to an "outperform" rating and boosted their target price for the stock from $19.50 to $21.50 in a research report on Thursday. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, Hercules Capital presently has a consensus rating of "Moderate Buy" and a consensus price target of $20.90.
View Our Latest Analysis on HTGC
Insider Activity
In other news, CEO Scott Bluestein sold 100,000 shares of the stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $19.59, for a total value 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 represents a 4.42 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.90% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Hercules Capital
Several large investors have recently modified their holdings of the stock. Tectonic Advisors LLC boosted its stake in Hercules Capital by 17.0% in the third quarter. Tectonic Advisors LLC now owns 433,032 shares of the financial services provider's stock worth $8,505,000 after purchasing an additional 62,826 shares in the last quarter. Mackenzie Financial Corp lifted its holdings in Hercules Capital by 77.0% during the 2nd quarter. Mackenzie Financial Corp now owns 31,632 shares of the financial services provider's stock worth $647,000 after buying an additional 13,765 shares in the last quarter. BNP Paribas Financial Markets boosted its position in Hercules Capital by 511.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 53,068 shares of the financial services provider's stock valued at $1,042,000 after buying an additional 44,386 shares during the last quarter. Advisors Asset Management Inc. increased its stake in shares of Hercules Capital by 9.3% in the 3rd quarter. Advisors Asset Management Inc. now owns 406,985 shares of the financial services provider's stock valued at $7,993,000 after buying an additional 34,718 shares during the period. Finally, Envestnet Asset Management Inc. raised its position 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 worth $3,821,000 after acquiring an additional 38,131 shares during the last quarter. 19.69% of the stock is currently owned by 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.
About Hercules Capital
(
Get Free Report)
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.
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