Q4 EPS Estimate for Hercules Capital Decreased by Analyst

Hercules Capital, Inc. (NYSE:HTGC) – Research analysts at Zacks Research cut their Q4 2024 EPS estimates for Hercules Capital in a research note issued on Wednesday, November 20th. Zacks Research analyst R. Department now anticipates that the financial services provider will post earnings of $0.50 per share for the quarter, down from their previous forecast of $0.51. 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 Q1 2025 earnings at $0.49 EPS, Q2 2025 earnings at $0.49 EPS, Q4 2025 earnings at $0.50 EPS, FY2025 earnings at $1.98 EPS, Q1 2026 earnings at $0.50 EPS and Q2 2026 earnings at $0.50 EPS.

A number of other analysts have also weighed in on the stock. Wells Fargo & Company raised their target price 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. JMP Securities upped their target price on Hercules Capital from $20.00 to $22.00 and gave the stock a “market outperform” rating in a report on Tuesday, July 30th. Finally, Piper Sandler lifted their price target on Hercules Capital from $22.00 to $22.50 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Hercules Capital has a consensus rating of “Moderate Buy” and a consensus price target of $20.40.

Hercules Capital Trading Up 1.3 %

Shares of Hercules Capital stock opened at $18.77 on Friday. The firm’s 50 day moving average is $19.63 and its 200 day moving average is $19.68. The firm has a market capitalization of $3.05 billion, a PE ratio of 9.29 and a beta of 1.39. Hercules Capital has a 1 year low of $15.14 and a 1 year high of $21.78. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.94.

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

Institutional Trading of Hercules Capital

Large investors have recently bought and sold shares of the business. Van ECK Associates Corp grew its position in shares of Hercules Capital by 10.3% during the 3rd quarter. Van ECK Associates Corp now owns 3,115,419 shares of the financial services provider’s stock worth $61,873,000 after buying an additional 290,579 shares during the period. Sound Income Strategies LLC boosted its stake in Hercules Capital by 1.8% during the third quarter. Sound Income Strategies LLC now owns 2,737,345 shares of the financial services provider’s stock worth $53,761,000 after acquiring an additional 47,672 shares in the last quarter. Gilman Hill Asset Management LLC grew its holdings in Hercules Capital by 1.2% in the second quarter. Gilman Hill Asset Management LLC now owns 607,669 shares of the financial services provider’s stock worth $12,427,000 after purchasing an additional 7,485 shares during the period. Tectonic Advisors LLC increased its stake in Hercules Capital by 17.0% in the third quarter. Tectonic Advisors LLC now owns 433,032 shares of the financial services provider’s stock valued at $8,505,000 after purchasing an additional 62,826 shares in the last quarter. Finally, Muzinich & Co. Inc. raised its holdings in shares of Hercules Capital by 9.9% during the third quarter. Muzinich & Co. Inc. now owns 408,362 shares of the financial services provider’s stock valued at $8,020,000 after purchasing an additional 36,886 shares during the period. 19.69% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Scott Bluestein sold 100,000 shares of the business’s stock in a transaction on 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 transaction, the chief executive officer now owns 2,161,207 shares in the company, valued at $42,338,045.13. The trade was a 4.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.90% of the company’s stock.

Hercules Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 13th were given a $0.48 dividend. The ex-dividend date was Wednesday, November 13th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 10.23%. Hercules Capital’s dividend payout ratio (DPR) is presently 79.21%.

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.