Gayle Crowell Buys 6,000 Shares of Hercules Capital (NYSE:HTGC) Stock

by · The Cerbat Gem

Hercules Capital, Inc. (NYSE:HTGC – Get Free Report) Director Gayle Crowell purchased 6,000 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The shares were purchased at an average price of $17.77 per share, for a total transaction of $106,620.00. Following the completion of the transaction, the director directly owned 78,727 shares of the company’s stock, valued at $1,398,978.79. This represents a 8.25% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Hercules Capital Stock Up 0.8%

Shares of HTGC traded up $0.14 during mid-day trading on Tuesday, reaching $17.95. The company had a trading volume of 1,294,529 shares, compared to its average volume of 1,177,791. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.68 and a current ratio of 1.68. The company has a market capitalization of $3.26 billion, a price-to-earnings ratio of 11.88 and a beta of 0.96. The firm has a 50-day moving average price of $18.52 and a 200 day moving average price of $18.41. Hercules Capital, Inc. has a 52 week low of $15.65 and a 52 week high of $22.04.

Hercules Capital (NYSE:HTGC – Get Free Report) last released its earnings results on Thursday, October 30th. The financial services provider reported $0.49 EPS for the quarter, topping the consensus estimate of $0.48 by $0.01. The business had revenue of $138.09 million for the quarter, compared to the consensus estimate of $136.95 million. Hercules Capital had a return on equity of 16.54% and a net margin of 51.46%.During the same period in the previous year, the company posted $0.51 earnings per share. On average, sell-side analysts forecast that Hercules Capital, Inc. will post 1.96 EPS for the current year.

Hercules Capital Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 19th. Stockholders of record on Wednesday, November 12th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 8.9%. The ex-dividend date is Wednesday, November 12th. Hercules Capital’s dividend payout ratio is currently 93.02%.

Analyst Ratings Changes

HTGC has been the subject of several analyst reports. UBS Group reduced their price target on shares of Hercules Capital from $19.00 to $18.50 and set a “neutral” rating for the company in a research report on Tuesday, October 14th. JMP Securities upped their price objective on Hercules Capital from $22.00 to $24.00 and gave the company a “market outperform” rating in a research report on Monday, August 4th. Weiss Ratings restated a “buy (b-)” rating on shares of Hercules Capital in a research note on Friday. Piper Sandler decreased their price target on Hercules Capital from $21.00 to $20.50 and set an “overweight” rating for the company in a research note on Thursday, October 9th. Finally, Citigroup restated an “outperform” rating on shares of Hercules Capital in a research note on Monday, August 4th. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $20.42.

Read Our Latest Stock Analysis on Hercules Capital

Institutional Trading of Hercules Capital

A number of hedge funds have recently bought and sold shares of HTGC. CWM LLC boosted its holdings in shares of Hercules Capital by 79.6% in the second quarter. CWM LLC now owns 1,381 shares of the financial services provider’s stock worth $25,000 after buying an additional 612 shares during the last quarter. Assetmark Inc. raised its position in Hercules Capital by 173.4% in the second quarter. Assetmark Inc. now owns 1,386 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 879 shares during the period. GHP Investment Advisors Inc. purchased a new position in shares of Hercules Capital during the 2nd quarter worth $27,000. N.E.W. Advisory Services LLC purchased a new position in shares of Hercules Capital during the 1st quarter worth $30,000. Finally, Alpine Bank Wealth Management bought a new stake in shares of Hercules Capital during the 2nd quarter valued at $33,000. Hedge funds and other institutional investors own 19.69% of the company’s stock.

Hercules Capital Company Profile

(Get Free Report)

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.

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