Zacks Research Has Bearish Estimate for HTGC FY2024 Earnings

Hercules Capital, Inc. (NYSE:HTGC) – Equities research analysts at Zacks Research cut their FY2024 earnings per share (EPS) estimates for Hercules Capital in a research note issued on Wednesday, November 20th. Zacks Research analyst R. Department now expects that the financial services provider will earn $2.02 per share for the year, down from their previous estimate of $2.03. 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 Q3 2025 earnings at $0.49 EPS, Q3 2026 earnings at $0.50 EPS and FY2026 earnings at $2.01 EPS.

Several other research analysts have also commented on the company. Piper Sandler boosted their price objective on Hercules Capital from $22.00 to $22.50 and gave the stock an “overweight” rating in a report on Friday, August 2nd. JMP Securities increased their price target on shares of Hercules Capital from $20.00 to $22.00 and gave the stock a “market outperform” rating in a report on Tuesday, July 30th. Finally, Wells Fargo & Company lifted their price objective on shares of Hercules Capital from $20.00 to $21.00 and gave the stock an “overweight” rating in a report on Tuesday, October 29th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $20.40.

Hercules Capital Stock Performance

NYSE HTGC opened at $18.76 on Monday. The company’s 50 day simple moving average is $19.63 and its two-hundred day simple moving average is $19.68. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.61 and a quick ratio of 1.61. Hercules Capital has a 1 year low of $15.14 and a 1 year high of $21.78. The stock has a market capitalization of $3.05 billion, a PE ratio of 9.29 and a beta of 1.39.

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

Hercules Capital Announces Dividend

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

Insider Transactions at Hercules Capital

In related news, CEO Scott Bluestein sold 100,000 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $19.59, for a total value of $1,959,000.00. Following the transaction, the chief executive officer now directly owns 2,161,207 shares of the company’s stock, valued at approximately $42,338,045.13. This represents a 4.42 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of HTGC. HHM Wealth Advisors LLC bought a new position in shares of Hercules Capital during the 2nd quarter valued at $31,000. Kathleen S. Wright Associates Inc. bought a new position in Hercules Capital in the third quarter valued at about $31,000. Farther Finance Advisors LLC boosted its position 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 worth $47,000 after purchasing an additional 2,386 shares during the last quarter. Strategic Financial Concepts LLC grew its stake in shares of Hercules Capital by 2,067.0% during the 2nd quarter. Strategic Financial Concepts LLC now owns 353,221 shares of the financial services provider’s stock valued at $72,000 after purchasing an additional 336,921 shares during the period. Finally, Nomura Asset Management Co. Ltd. increased its position in shares of Hercules Capital by 45.6% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 4,086 shares of the financial services provider’s stock valued at $80,000 after purchasing an additional 1,279 shares during the last quarter. 19.69% of the stock is owned by institutional investors.

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.