What is Zacks Research’s Estimate for HTGC Q4 Earnings?

Hercules Capital, Inc. (NYSE:HTGC) – Analysts at Zacks Research decreased their Q4 2024 earnings per share estimates for Hercules Capital in a report issued on Wednesday, November 20th. Zacks Research analyst R. Department now forecasts that the financial services provider will earn $0.50 per share 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.

HTGC has been the subject of a number of other reports. JMP Securities boosted their target price on Hercules Capital from $20.00 to $22.00 and gave the company a “market outperform” rating in a research note on Tuesday, July 30th. Piper Sandler increased their price objective on shares of Hercules Capital from $22.00 to $22.50 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Finally, Wells Fargo & Company boosted their price target on Hercules Capital from $20.00 to $21.00 and gave the stock an “overweight” rating in a research report 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’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $20.40.

Hercules Capital Stock Up 1.2 %

Shares of NYSE HTGC opened at $18.76 on Friday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.61 and a current ratio of 1.61. Hercules Capital has a 52-week low of $15.14 and a 52-week high of $21.78. The firm has a 50 day moving average price of $19.63 and a 200 day moving average price of $19.68. The stock has a market cap of $3.05 billion, a P/E ratio of 9.29 and a beta of 1.39.

Hercules Capital (NYSE:HTGC) last posted its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.51 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.51. The company had revenue of $125.25 million for the quarter, compared to the consensus estimate of $125.80 million. Hercules Capital had a return on equity of 17.88% and a net margin of 65.07%. During the same quarter in the prior year, the business posted $0.52 EPS.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Virtu Financial LLC increased its holdings in shares of Hercules Capital by 97.5% during the third quarter. Virtu Financial LLC now owns 19,275 shares of the financial services provider’s stock worth $379,000 after purchasing an additional 9,517 shares during the period. Nomura Asset Management Co. Ltd. grew its position in Hercules Capital by 45.6% during the third quarter. Nomura Asset Management Co. Ltd. now owns 4,086 shares of the financial services provider’s stock worth $80,000 after buying an additional 1,279 shares in the last quarter. MML Investors Services LLC grew its position in Hercules Capital by 7.5% during the third quarter. MML Investors Services LLC now owns 26,521 shares of the financial services provider’s stock worth $521,000 after buying an additional 1,851 shares in the last quarter. XTX Topco Ltd bought a new position in Hercules Capital during the 3rd quarter worth $296,000. Finally, Kovitz Investment Group Partners LLC raised its holdings in Hercules Capital by 187.3% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 57,466 shares of the financial services provider’s stock valued at $1,129,000 after acquiring an additional 37,466 shares in the last quarter. Institutional investors own 19.69% of the company’s stock.

Insider Buying and Selling at Hercules Capital

In other news, CEO Scott Bluestein sold 100,000 shares of the stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $19.59, for a total transaction of $1,959,000.00. Following the transaction, the chief executive officer now owns 2,161,207 shares in the company, valued at approximately $42,338,045.13. This trade represents a 4.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.90% of the company’s stock.

Hercules Capital Announces Dividend

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

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.