Hercules Capital, Inc. (NYSE:HTGC) Director Nikos Theodosopoulos Buys 5,999 Shares

Hercules Capital, Inc. (NYSE:HTGC) Director Nikos Theodosopoulos bought 5,999 shares of the stock in a transaction on Thursday, May 8th. The stock was purchased at an average price of $17.49 per share, with a total value of $104,922.51. Following the completion of the acquisition, the director now directly owns 11,960 shares in the company, valued at approximately $209,180.40. This trade represents a 100.64% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Hercules Capital Trading Down 0.5%

NYSE:HTGC opened at $17.50 on Monday. The stock has a market capitalization of $3.07 billion, a price-to-earnings ratio of 10.87 and a beta of 0.97. Hercules Capital, Inc. has a 52 week low of $15.65 and a 52 week high of $22.04. The company has a quick ratio of 2.72, a current ratio of 2.72 and a debt-to-equity ratio of 0.89. The firm has a 50 day moving average of $18.05 and a 200 day moving average of $19.33.

Hercules Capital (NYSE:HTGC) last posted its quarterly earnings data on Thursday, May 1st. The financial services provider reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.01). Hercules Capital had a return on equity of 17.19% and a net margin of 53.28%. The business had revenue of $102.10 million during the quarter, compared to analyst estimates of $125.43 million. During the same period in the previous year, the business earned $0.50 EPS. The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Hercules Capital, Inc. will post 1.96 earnings per share for the current fiscal year.

Hercules Capital Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 20th. Stockholders of record on Tuesday, May 13th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 9.14%. Hercules Capital’s payout ratio is 120.30%.

Wall Street Analysts Forecast Growth

HTGC has been the subject of a number of research reports. Compass Point upped their price objective on shares of Hercules Capital from $18.25 to $20.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 19th. JMP Securities reaffirmed a “market outperform” rating and issued a $22.00 price target on shares of Hercules Capital in a research report on Friday, February 14th. Piper Sandler cut their price objective on shares of Hercules Capital from $23.00 to $20.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Wells Fargo & Company lowered their target price on Hercules Capital from $21.00 to $19.00 and set an “overweight” rating for the company in a report on Monday, April 28th. Finally, UBS Group cut their price target on Hercules Capital from $20.00 to $18.00 and set a “neutral” rating on the stock in a report on Thursday, April 17th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Hercules Capital presently has a consensus rating of “Moderate Buy” and an average target price of $19.92.

Hedge Funds Weigh In On Hercules Capital

Several hedge funds and other institutional investors have recently modified their holdings of HTGC. Two Sigma Advisers LP grew its position in Hercules Capital by 205.7% during the 4th quarter. Two Sigma Advisers LP now owns 1,406,900 shares of the financial services provider’s stock worth $28,265,000 after purchasing an additional 946,700 shares during the last quarter. Marshall Wace LLP purchased a new stake in shares of Hercules Capital during the fourth quarter valued at $14,871,000. Two Sigma Investments LP increased its position in shares of Hercules Capital by 106.7% in the 4th quarter. Two Sigma Investments LP now owns 945,849 shares of the financial services provider’s stock valued at $19,002,000 after acquiring an additional 488,172 shares during the period. Millennium Management LLC raised its stake in Hercules Capital by 1,834.7% in the 4th quarter. Millennium Management LLC now owns 429,125 shares of the financial services provider’s stock worth $8,621,000 after acquiring an additional 406,944 shares during the last quarter. Finally, Voloridge Investment Management LLC acquired a new stake in Hercules Capital during the 4th quarter worth about $7,755,000. 19.69% of the stock is owned by hedge funds and other 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.