Research Analysts Offer Predictions for HTGC Q4 Earnings

Hercules Capital, Inc. (NYSE:HTGC - Free Report) - Equities research analysts at Zacks Research cut their Q4 2024 earnings estimates for Hercules Capital in a report released on Wednesday, November 20th. Zacks Research analyst R. Department now expects that the financial services provider will post earnings per share of $0.50 for the quarter, down from their previous forecast of $0.51. The consensus estimate for Hercules Capital's current full-year earnings is $2.02 per share. Zacks Research also issued estimates for Hercules Capital's Q1 2025 earnings at $0.49 EPS, Q2 2025 earnings at $0.49 EPS, Q4 2025 earnings at $0.50 EPS, FY2025 earnings at $1.98 EPS, Q1 2026 earnings at $0.50 EPS and Q2 2026 earnings at $0.50 EPS.

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 (EPS) for the quarter, meeting the consensus estimate of $0.51. The company had revenue of $125.25 million for the quarter, compared to analyst estimates 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 company posted $0.52 earnings per share.

Several other brokerages also recently weighed in on HTGC. Piper Sandler raised their target price on shares of Hercules Capital from $22.00 to $22.50 and gave the company an "overweight" rating in a research note on Friday, August 2nd. JMP Securities raised their target price on shares of Hercules Capital from $20.00 to $22.00 and gave the company a "market outperform" rating in a research note on Tuesday, July 30th. Finally, Wells Fargo & Company raised their target price on shares of Hercules Capital from $20.00 to $21.00 and gave the company an "overweight" rating in a research note on Tuesday, October 29th. Two 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, the stock has an average rating of "Moderate Buy" and an average target price of $20.40.

Hercules Capital Stock Up 1.2 %

HTGC stock traded up $0.23 during trading on Friday, hitting $18.76. 1,315,842 shares of the company's stock traded hands, compared to its average volume of 950,597. The firm has a market capitalization of $3.05 billion, a P/E ratio of 9.17 and a beta of 1.39. Hercules Capital has a 1 year low of $15.14 and a 1 year high of $21.78. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.94. The business has a fifty day simple moving average of $19.65 and a two-hundred day simple moving average of $19.68.

Hercules Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 13th were paid a dividend of $0.48 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $1.92 annualized dividend and a dividend yield of 10.23%. Hercules Capital's payout ratio is currently 79.21%.

Insider Transactions at Hercules Capital

In related news, CEO Scott Bluestein sold 100,000 shares of the business's stock in a transaction on 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 completion of the transaction, the chief executive officer now directly owns 2,161,207 shares in the company, valued at $42,338,045.13. The trade was a 4.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.90% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. HHM Wealth Advisors LLC acquired a new position in Hercules Capital during the second quarter valued at $31,000. Kathleen S. Wright Associates Inc. purchased a new position in Hercules Capital in the third quarter valued at $31,000. Farther Finance Advisors LLC increased its holdings in Hercules Capital by 59,650.0% in the third quarter. Farther Finance Advisors LLC now owns 2,390 shares of the financial services provider's stock valued at $47,000 after buying an additional 2,386 shares in the last quarter. Strategic Financial Concepts LLC increased its holdings in Hercules Capital by 2,067.0% in the second quarter. Strategic Financial Concepts LLC now owns 353,221 shares of the financial services provider's stock valued at $72,000 after buying an additional 336,921 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its holdings in Hercules Capital by 45.6% in the third quarter. Nomura Asset Management Co. Ltd. now owns 4,086 shares of the financial services provider's stock valued at $80,000 after buying an additional 1,279 shares in the last quarter. 19.69% of the stock is currently owned by institutional investors and hedge funds.

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.