FY2024 EPS Forecast for Hercules Capital Reduced by Analyst

Hercules Capital, Inc. (NYSE:HTGC) – Zacks Research cut their FY2024 earnings per share (EPS) estimates for Hercules Capital in a report issued on Wednesday, December 4th. Zacks Research analyst R. Department now expects that the financial services provider will post earnings of $2.01 per share for the year, down from their previous estimate of $2.02. The consensus estimate for Hercules Capital’s current full-year earnings is $2.01 per share. Zacks Research also issued estimates for Hercules Capital’s Q4 2024 earnings at $0.49 EPS, Q1 2025 earnings at $0.48 EPS, FY2025 earnings at $1.96 EPS, Q1 2026 earnings at $0.48 EPS, Q2 2026 earnings at $0.49 EPS and FY2026 earnings at $1.99 EPS.

A number of other brokerages have also recently weighed in on HTGC. Wells Fargo & Company increased 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. JMP Securities reaffirmed a “market outperform” rating and issued a $22.00 target price on shares of Hercules Capital in a research report on Friday. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $20.40.

Hercules Capital Stock Performance

Hercules Capital stock opened at $19.51 on Friday. 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 12 month low of $15.18 and a 12 month high of $21.78. The company has a fifty day moving average price of $19.51 and a two-hundred day moving average price of $19.64. The company has a market cap of $3.17 billion, a PE ratio of 9.66 and a beta of 1.36.

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

Hercules Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Wednesday, November 13th were paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 9.84%. The ex-dividend date was Wednesday, November 13th. Hercules Capital’s dividend payout ratio is presently 79.21%.

Insider Transactions at Hercules Capital

In other news, CEO Scott Bluestein sold 100,000 shares of Hercules Capital stock in a transaction 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. The trade was a 4.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On Hercules Capital

Institutional investors have recently modified their holdings of the stock. HHM Wealth Advisors LLC acquired a new stake in Hercules Capital in the second quarter valued at approximately $31,000. Kathleen S. Wright Associates Inc. acquired a new stake in shares of Hercules Capital in the 3rd quarter valued at $31,000. Farther Finance Advisors LLC boosted 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 worth $47,000 after purchasing an additional 2,386 shares in the last quarter. Strategic Financial Concepts LLC increased its position in Hercules Capital by 2,067.0% during 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. Finally, Nomura Asset Management Co. Ltd. raised its holdings 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 valued at $80,000 after buying an additional 1,279 shares in the last quarter. Institutional investors and hedge funds own 19.69% of the company’s stock.

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.