Research Analysts Set Expectations for HTGC FY2025 Earnings

Hercules Capital, Inc. (NYSE:HTGC - Free Report) - Zacks Research boosted their FY2025 EPS estimates for shares of Hercules Capital in a report released on Thursday, April 10th. Zacks Research analyst R. Department now expects that the financial services provider will post earnings of $1.96 per share for the year, up from their prior forecast of $1.95. The consensus estimate for Hercules Capital's current full-year earnings is $1.96 per share. Zacks Research also issued estimates for Hercules Capital's FY2026 earnings at $2.04 EPS and FY2027 earnings at $2.21 EPS.

Several other brokerages have also recently commented on HTGC. Piper Sandler dropped their target price on Hercules Capital from $23.00 to $20.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Compass Point upped their price objective on Hercules Capital from $18.25 to $20.00 and gave the company a "neutral" rating in a report on Wednesday, February 19th. JMP Securities reiterated a "market outperform" rating and issued a $22.00 price target on shares of Hercules Capital in a research report on Friday, February 14th. Finally, Keefe, Bruyette & Woods dropped their target price on shares of Hercules Capital from $21.50 to $20.50 and set an "outperform" rating on the stock in a report on Tuesday, April 8th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $20.70.

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Hercules Capital Price Performance

HTGC stock traded down $0.20 during trading on Friday, hitting $17.34. The company had a trading volume of 589,310 shares, compared to its average volume of 1,282,766. The business has a 50 day moving average of $19.28 and a 200 day moving average of $19.63. The firm has a market capitalization of $3.00 billion, a price-to-earnings ratio of 10.77 and a beta of 1.13. The company has a current ratio of 2.72, a quick ratio of 2.72 and a debt-to-equity ratio of 0.89. Hercules Capital has a fifty-two week low of $15.65 and a fifty-two week high of $22.04.

Hercules Capital (NYSE:HTGC - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.49. Hercules Capital had a return on equity of 17.19% and a net margin of 53.28%. The business had revenue of $121.78 million during the quarter, compared to analyst estimates of $124.09 million.

Institutional Investors Weigh In On Hercules Capital

Several hedge funds have recently bought and sold shares of the business. Van ECK Associates Corp boosted its holdings in shares of Hercules Capital by 10.4% during the fourth quarter. Van ECK Associates Corp now owns 3,438,447 shares of the financial services provider's stock worth $69,078,000 after purchasing an additional 323,028 shares during the period. Sound Income Strategies LLC boosted its stake in shares of Hercules Capital by 2.8% during the 4th quarter. Sound Income Strategies LLC now owns 2,815,214 shares of the financial services provider's stock valued at $56,558,000 after buying an additional 77,869 shares during the period. Two Sigma Advisers LP grew its holdings in shares of Hercules Capital by 205.7% during the 4th quarter. Two Sigma Advisers LP now owns 1,406,900 shares of the financial services provider's stock valued at $28,265,000 after acquiring an additional 946,700 shares in the last quarter. Advisors Capital Management LLC increased its stake in shares of Hercules Capital by 6.6% in the fourth quarter. Advisors Capital Management LLC now owns 1,018,210 shares of the financial services provider's stock worth $20,456,000 after acquiring an additional 62,610 shares during the last quarter. Finally, Two Sigma Investments LP raised its holdings in shares of Hercules Capital by 106.7% during the fourth quarter. Two Sigma Investments LP now owns 945,849 shares of the financial services provider's stock worth $19,002,000 after acquiring an additional 488,172 shares in the last quarter. 19.69% of the stock is owned by hedge funds and other institutional investors.

Hercules Capital Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 26th were paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 10.84%. The ex-dividend date was Wednesday, February 26th. Hercules Capital's dividend payout ratio (DPR) is currently 99.38%.

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.