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 April 04th, the Representative disclosed that they had bought between $1,001 and $15,000 in Hercules Capital stock on March 5th.

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

• Purchased $1,001 - $15,000 in shares of Ellington Financial NYSE: EFC on 3/31/2025.
• Sold $15,001 - $50,000 in shares of Alliance Resource Partners NASDAQ: ARLP on 3/7/2025.
• Sold $50,001 - $100,000 in shares of Energy Transfer NYSE: ET on 3/7/2025.
• Sold $50,001 - $100,000 in shares of Pembina Pipeline NYSE: PBA on 3/7/2025.
• Sold $15,001 - $50,000 in shares of FLEX LNG NYSE: FLNG on 3/7/2025.
• Purchased $1,001 - $15,000 in shares of Energy Transfer NYSE: ET on 2/19/2025.
• Purchased $1,001 - $15,000 in shares of Alliance Resource Partners NASDAQ: ARLP on 2/14/2025.

Hercules Capital Price Performance

HTGC stock traded down $0.01 during mid-day trading on Friday, reaching $16.82. 1,146,258 shares of the company traded hands, compared to its average volume of 1,052,185. The company has a fifty day moving average price of $19.43 and a 200-day moving average price of $19.66. Hercules Capital, Inc. has a 52-week low of $15.65 and a 52-week high of $22.04. The company has a market capitalization of $2.91 billion, a P/E ratio of 10.45 and a beta of 1.13. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.72 and a quick ratio of 2.72.

Hercules Capital (NYSE:HTGC - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The financial services provider reported $0.49 EPS for the quarter, meeting the consensus estimate of $0.49. Hercules Capital had a net margin of 53.28% and a return on equity of 17.19%. The company had revenue of $121.78 million during the quarter, compared to analysts' expectations of $124.09 million. As a group, analysts anticipate that Hercules Capital, Inc. will post 1.96 earnings per share for the current year.

Hercules Capital Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Wednesday, February 26th were issued a dividend of $0.47 per share. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $1.88 dividend on an annualized basis and a yield of 11.18%. Hercules Capital's dividend payout ratio (DPR) is 99.38%.

Institutional Investors Weigh In On Hercules Capital

Several hedge funds have recently added to or reduced their stakes in HTGC. Ameriflex Group Inc. purchased a new position in shares of Hercules Capital during the fourth quarter worth approximately $29,000. Avior Wealth Management LLC raised its position in Hercules Capital by 177.2% in the 4th quarter. Avior Wealth Management LLC now owns 1,802 shares of the financial services provider's stock worth $36,000 after purchasing an additional 1,152 shares during the period. Estabrook Capital Management lifted its stake in Hercules Capital by 239.0% in the fourth quarter. Estabrook Capital Management now owns 1,878 shares of the financial services provider's stock worth $38,000 after purchasing an additional 1,324 shares during the last quarter. Archer Investment Corp boosted its position in Hercules Capital by 345.4% during the fourth quarter. Archer Investment Corp now owns 2,325 shares of the financial services provider's stock valued at $47,000 after buying an additional 1,803 shares during the period. Finally, Quarry LP bought a new position in shares of Hercules Capital during the fourth quarter valued at about $48,000. Institutional investors own 19.69% of the company's stock.

Analyst Upgrades and Downgrades

HTGC has been the topic of a number of recent analyst reports. JMP Securities reiterated a "market outperform" rating and issued a $22.00 price objective on shares of Hercules Capital in a research report on Friday, February 14th. Piper Sandler lowered their price target on Hercules Capital from $23.00 to $20.00 and set an "overweight" rating on the stock in a report on Tuesday. Compass Point lifted their price target on Hercules Capital from $18.25 to $20.00 and gave the company a "neutral" rating in a research report on Wednesday, February 19th. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of Hercules Capital from $21.50 to $20.50 and set an "outperform" rating on the stock in a research report on Tuesday. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Hercules Capital currently has an average rating of "Moderate Buy" and an average target price of $20.70.

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, 2027. Foxx (Republican Party) ran for re-election to the U.S. House to represent North Carolina's 5th Congressional District. She won in the general election on November 5, 2024. 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.