Q4 2024 EPS Estimates for Hercules Capital, Inc. (NYSE:HTGC) downgraded by analyst

VaselineAugust 26, 2024

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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 issued on Thursday, August 22nd. Zacks Research analyst R. Department now expects that the financial services provider will post earnings per share of $0.51 for the quarter, down from their prior estimate of $0.53. The consensus estimate for Hercules Capital’s current full-year earnings is $2.06 per share. Zacks Research also issued estimates for Hercules Capital’s Q1 2025 earnings at $0.50 EPS.

Hercules Capital (NYSE:HTGC – Get Free Report ) last issued its quarterly earnings data on Thursday, August 1st. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.51. The firm had revenue of $125.01 million during the quarter, compared to the consensus estimate of $124.99 million. Hercules Capital had a return on equity of 18.22% and a net margin of 57.82%. In the same quarter last year, the company posted EPS of $0.53.

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HTGC has been the subject of a number of other reports. JMP Securities upped their target price 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. Wells Fargo & Company boosted their price objective on Hercules Capital from $20.00 to $22.00 and gave the company an “overweight” rating in a research report on Friday, July 26th. Piper Sandler boosted their price target on Hercules Capital from $22.00 to $22.50 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Finally, Keefe, Bruyette & Woods boosted their price target on Hercules Capital from $18.00 to $19.00 and gave the company a “market perform” rating in a report on Friday, 3 May. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $20.00, according to MarketBeat.

Read our latest report on HTGC

Hercules Equity Performance

Shares of Hercules Capital stock opened at $18.46 on Monday. The stock has a 50-day simple moving average of $20.04 and a 200-day simple moving average of $19.18. The stock has a market cap of $2.99 billion, a price-to-earnings ratio of 8.39 and a beta of 1.39. The company has a quick ratio of 2.47, a current ratio of 2.47, and a debt-to-equity ratio of 0.93. Hercules Capital has a 12-month low of $15.02 and a 12-month high of $21.78.

Institutional Investors Weigh On Hercules Capital

A number of hedge funds have recently modified their holdings of the business. Van ECK Associates Corp raised its position in Hercules Capital by 18.8% in the 4th quarter. Van ECK Associates Corp now owns 2,414,747 shares of the financial services provider’s stock valued at $40,254,000 after acquiring an additional 381,318 shares in the last quarter. Confluence Investment Management LLC purchased a new position in shares of Hercules Capital in the 1st quarter worth about $6,950,000. Strategic Financial Concepts LLC boosted its holdings in shares of 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 worth $72,000 after buying an additional 336,921 shares during the last quarter. Global Assets Advisory LLC grew its position in Hercules Capital by 1,920.8% in the first quarter. Global Assets Advisory LLC now owns 221,051 shares of the financial services provider’s stock valued at $4,078,000 after purchasing an additional 210,112 shares during the last quarter. Finally, TrueMark Investments LLC bought a new stake in Hercules Capital in the second quarter valued at about $3,015,000. Institutional investors and hedge funds own 19.69% of the company’s shares.

Insider buying and selling

In related news, Director Nikos Theodosopoulos acquired 1,608 shares of the stock in a transaction dated Tuesday, August 6th. The shares were bought at an average cost of $18.03 per share, with a total value of $28,992.24. Following the acquisition, the director now directly owns 5,613 shares in the company, valued at approximately $101,202.39. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available on the SEC’s website. In related news, Director Robert P. Badavas sold 13,300 shares of the business’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $19.69, for a total transaction of $261,877.00. Following the sale, the director now owns 4,234 shares of the company’s stock, valued at approximately $83,367.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible via this link. Also, Director Nikos Theodosopoulos purchased 1,608 shares of the business’s stock in a transaction dated Tuesday, August 6th. The shares were purchased at an average cost of $18.03 per share, with a total value of $28,992.24. Following the completion of the purchase, the director now owns 5,613 shares of the company’s stock, valued at approximately $101,202.39. Disclosure for this purchase can be found here. 1.90% of the stock is owned by insiders.

Hercules Capital announces dividends

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 20th. Shareholders of record on Tuesday, August 13th were given a $0.48 dividend. The ex-dividend date was Tuesday, August 13th. This represents an annualized dividend of $1.92 and a dividend yield of 10.40%. Hercules Capital’s dividend payout ratio is currently 72.73%.

Hercules Capital company profile

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Hercules Capital, Inc. is a business development company. The firm specializes in providing venture debt, debt, senior secured loans and growth capital to private venture capital-backed companies at all stages of development, from startups to expansion stage, including select publicly traded companies and companies selected by special lower middle market opportunities that require additional capital to finance acquisitions, recapitalizations and refinancings and start-up companies.