Rep. Virginia Foxx Buys Hercules Capital, Inc. (NYSE:HTGC) Stock

Representative Virginia Foxx (R-North Carolina) recently bought shares of Hercules Capital, Inc. (NYSE:HTGC). In a filing disclosed on December 11th, the Representative disclosed that they had bought between $1,001 and $15,000 in Hercules Capital stock on November 20th.

Representative Virginia Foxx also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Energy Transfer (NYSE:ET) on 11/19/2024.
• Purchased $1,001 – $15,000 in shares of Alliance Resource Partners (NASDAQ:ARLP) on 11/14/2024.
• Purchased $15,001 – $50,000 in shares of Hercules Capital (NYSE:HTGC) on 10/23/2024.
• Purchased $1,001 – $15,000 in shares of Ellington Financial (NYSE:EFC) on 9/30/2024.

Hercules Capital Stock Down 0.2 %

HTGC stock opened at $19.41 on Friday. The stock has a fifty day moving average of $19.49 and a 200-day moving average of $19.65. Hercules Capital, Inc. has a fifty-two week low of $15.68 and a fifty-two week high of $21.78. The company has a market capitalization of $3.15 billion, a price-to-earnings ratio of 9.61 and a beta of 1.36. 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 (NYSE:HTGC) last issued its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.51 EPS for the quarter, hitting analysts’ consensus estimates of $0.51. Hercules Capital had a net margin of 65.07% and a return on equity of 17.88%. The firm had revenue of $125.25 million for the quarter, compared to analyst estimates of $125.80 million. During the same quarter in the prior year, the firm earned $0.52 EPS. As a group, equities research analysts predict that Hercules Capital, Inc. will post 2.01 earnings per share for the current year.

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 given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 9.89%. The ex-dividend date was Wednesday, November 13th. Hercules Capital’s dividend payout ratio is presently 79.21%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Franklin Resources Inc. raised its stake in shares of Hercules Capital by 28.0% during the 3rd quarter. Franklin Resources Inc. now owns 387,225 shares of the financial services provider’s stock worth $7,667,000 after buying an additional 84,780 shares during the period. Tidal Investments LLC lifted its stake in Hercules Capital by 8.1% during the 3rd quarter. Tidal Investments LLC now owns 76,262 shares of the financial services provider’s stock worth $1,498,000 after acquiring an additional 5,704 shares in the last quarter. Sanctuary Advisors LLC lifted its holdings in Hercules Capital by 56.5% during the 3rd quarter. Sanctuary Advisors LLC now owns 18,818 shares of the financial services provider’s stock worth $353,000 after buying an additional 6,792 shares in the last quarter. Virtu Financial LLC grew its stake in Hercules Capital by 97.5% during the 3rd 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 in the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its position in shares of Hercules Capital by 45.6% in 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 and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Keefe, Bruyette & Woods upgraded Hercules Capital from a “market perform” rating to an “outperform” rating and raised their target price for the company from $19.50 to $21.50 in a research note on Thursday. Wells Fargo & Company increased their target price on Hercules Capital from $20.00 to $21.00 and gave the company an “overweight” rating in a report on Tuesday, October 29th. Finally, JMP Securities restated a “market outperform” rating and set a $22.00 target price on shares of Hercules Capital in a research note on Friday, December 6th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $20.90.

Insider Transactions at Hercules Capital

In related news, CEO Scott Bluestein sold 100,000 shares of the firm’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $19.59, for a total value of $1,959,000.00. Following the completion of the sale, the chief executive officer now owns 2,161,207 shares in the company, valued at $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 available at this link. Insiders own 1.90% of the company’s stock.

About Representative Foxx

Virginia Foxx (Republican Party) is a member of the U.S. House, representing North Carolina’s 5th Congressional District. She assumed office on January 3, 2005. Her current term ends on January 3, 2025. Foxx (Republican Party) is running for re-election to the U.S. House to represent North Carolina’s 5th Congressional District. She declared candidacy for the 2024 election. Prior to her election to the U.S. House, Foxx served as a member of the North Carolina State Senate as well as deputy secretary for management for North Carolina. Foxx was born in New York, New York. She earned a B.A. and M.A.C.T. from the University of North Carolina, Chapel Hill, in 1968 and 1972, respectively, and an Ed.D. from the University of North Carolina, Greensboro, in 1985. Foxx worked as an instructor at Caldwell Community College in Hudson, NC, and an instructor and assistant dean at Appalachian State University in Boone, NC. She owned a landscape nursery and served as Deputy Secretary for Management at the North Carolina Department of Administration.

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.