Zacks Research Issues Pessimistic Estimate for HTGC Earnings

Hercules Capital, Inc. (NYSE:HTGC) – Equities research analysts at Zacks Research decreased their FY2024 earnings estimates for shares of 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 prior 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.

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

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

Hercules Capital Stock Performance

NYSE HTGC opened at $18.93 on Monday. The firm has a market capitalization of $3.08 billion, a P/E ratio of 9.37 and a beta of 1.39. 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 business’s 50-day simple moving average is $19.62 and its 200-day simple moving average is $19.67.

Institutional Trading of Hercules Capital

A number of large investors have recently bought and sold shares of HTGC. Tidal Investments LLC increased its stake in shares of Hercules Capital by 8.1% in the 3rd quarter. Tidal Investments LLC now owns 76,262 shares of the financial services provider’s stock valued at $1,498,000 after buying an additional 5,704 shares during the period. Sanctuary Advisors LLC increased its holdings in Hercules Capital by 56.5% in the third quarter. Sanctuary Advisors LLC now owns 18,818 shares of the financial services provider’s stock valued at $353,000 after purchasing an additional 6,792 shares during the last quarter. Virtu Financial LLC boosted its holdings in Hercules Capital by 97.5% during the third quarter. Virtu Financial LLC now owns 19,275 shares of the financial services provider’s stock worth $379,000 after buying an additional 9,517 shares during the last quarter. Nomura Asset Management Co. Ltd. grew 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 worth $80,000 after buying an additional 1,279 shares during the period. Finally, MML Investors Services LLC boosted its stake in Hercules Capital by 7.5% during the 3rd quarter. MML Investors Services LLC now owns 26,521 shares of the financial services provider’s stock worth $521,000 after acquiring an additional 1,851 shares during the last quarter. 19.69% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Hercules Capital

In other news, CEO Scott Bluestein sold 100,000 shares of the 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 completion of the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.90% of the company’s stock.

Hercules Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 13th were paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 10.14%. The ex-dividend date of this dividend was Wednesday, November 13th. Hercules Capital’s dividend payout ratio (DPR) is currently 79.21%.

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.