Robert P. Badavas Sells 1,700 Shares of Hercules Capital, Inc. (NYSE:HTGC) Stock

Hercules Capital, Inc. (NYSE:HTGC) Director Robert P. Badavas sold 1,700 shares of Hercules Capital stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $19.60, for a total value of $33,320.00. Following the sale, the director now directly owns 4,234 shares in the company, valued at approximately $82,986.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Hercules Capital Trading Up 0.1 %

Shares of NYSE:HTGC opened at $19.82 on Monday. The firm has a fifty day moving average of $19.33 and a two-hundred day moving average of $18.16. The firm has a market capitalization of $3.21 billion, a P/E ratio of 9.01 and a beta of 1.36. Hercules Capital, Inc. has a 12-month low of $14.05 and a 12-month high of $20.01. 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 (NYSE:HTGC) last released its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.02. The business had revenue of $121.55 million during the quarter, compared to analyst estimates of $121.86 million. Hercules Capital had a net margin of 69.98% and a return on equity of 18.35%. Hercules Capital’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.47 EPS. On average, equities analysts expect that Hercules Capital, Inc. will post 2.06 EPS for the current fiscal year.

Hercules Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 21st. Investors of record on Tuesday, May 14th were paid a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 9.69%. The ex-dividend date of this dividend was Monday, May 13th. Hercules Capital’s payout ratio is presently 72.73%.

Institutional Investors Weigh In On Hercules Capital

Several hedge funds have recently made changes to their positions in HTGC. NBC Securities Inc. increased its holdings in shares of Hercules Capital by 154.8% during the first quarter. NBC Securities Inc. now owns 2,624 shares of the financial services provider’s stock worth $48,000 after buying an additional 1,594 shares in the last quarter. Principal Securities Inc. acquired a new stake in shares of Hercules Capital during the fourth quarter worth approximately $53,000. Cape Investment Advisory Inc. acquired a new stake in shares of Hercules Capital during the fourth quarter worth approximately $56,000. Signaturefd LLC grew its stake in shares of Hercules Capital by 30.4% during the fourth quarter. Signaturefd LLC now owns 3,382 shares of the financial services provider’s stock valued at $56,000 after purchasing an additional 789 shares during the last quarter. Finally, Hexagon Capital Partners LLC grew its stake in shares of Hercules Capital by 28.9% during the first quarter. Hexagon Capital Partners LLC now owns 3,599 shares of the financial services provider’s stock valued at $66,000 after purchasing an additional 806 shares during the last quarter. Institutional investors own 19.69% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Wells Fargo & Company boosted their target price on Hercules Capital from $19.50 to $20.00 and gave the stock an “overweight” rating in a report on Friday, May 3rd. JMP Securities lifted their price objective on shares of Hercules Capital from $19.00 to $20.00 and gave the stock a “market outperform” rating in a research report on Friday, May 3rd. Keefe, Bruyette & Woods lifted their price objective on shares of Hercules Capital from $18.00 to $19.00 and gave the stock a “market perform” rating in a research report on Friday, May 3rd. Finally, Piper Sandler lifted their price objective on shares of Hercules Capital from $21.00 to $21.50 and gave the stock an “overweight” rating in a research report on Friday, May 3rd. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $18.56.

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.