FY2024 EPS Forecast for Hercules Capital Lowered by Analyst

Hercules Capital, Inc. (NYSE:HTGC) – Equities research analysts at Zacks Research lowered their FY2024 earnings per share (EPS) estimates for shares of Hercules Capital in a report released on Wednesday, November 20th. Zacks Research analyst R. Department now expects that the financial services provider will post earnings of $2.02 per share for the year, down from their prior forecast 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.

Other equities research analysts have also recently issued reports about the company. Wells Fargo & Company boosted their price objective on Hercules Capital from $20.00 to $21.00 and gave the company an “overweight” rating in a research note on Tuesday, October 29th. JMP Securities boosted their price objective on Hercules Capital from $20.00 to $22.00 and gave the company a “market outperform” rating in a research note on Tuesday, July 30th. Finally, Piper Sandler lifted their target price on Hercules Capital from $22.00 to $22.50 and gave the company an “overweight” rating in a report 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. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $20.40.

Hercules Capital Trading Down 0.6 %

Shares of Hercules Capital stock opened at $18.82 on Monday. Hercules Capital has a 52-week low of $15.14 and a 52-week high of $21.78. The stock’s 50-day simple moving average is $19.62 and its 200 day simple moving average is $19.67. The stock has a market capitalization of $3.06 billion, a P/E ratio of 9.32 and a beta of 1.39. 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 announced its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.51. Hercules Capital had a return on equity of 17.88% and a net margin of 65.07%. The business had revenue of $125.25 million for the quarter, compared to analysts’ expectations of $125.80 million. During the same period in the previous year, the business posted $0.52 EPS.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. CreativeOne Wealth LLC purchased a new stake in Hercules Capital in the first quarter worth approximately $257,000. SVB Wealth LLC boosted its stake in Hercules Capital by 11.4% in the first quarter. SVB Wealth LLC now owns 74,141 shares of the financial services provider’s stock worth $1,368,000 after buying an additional 7,569 shares in the last quarter. Tidal Investments LLC boosted its stake in Hercules Capital by 6.4% in the first quarter. Tidal Investments LLC now owns 63,037 shares of the financial services provider’s stock worth $1,163,000 after buying an additional 3,768 shares in the last quarter. Delphi Management Inc. MA boosted its stake in Hercules Capital by 6.0% in the first quarter. Delphi Management Inc. MA now owns 97,450 shares of the financial services provider’s stock worth $1,798,000 after buying an additional 5,479 shares in the last quarter. Finally, BigSur Wealth Management LLC boosted its stake in Hercules Capital by 147.5% in the first quarter. BigSur Wealth Management LLC now owns 29,700 shares of the financial services provider’s stock worth $548,000 after buying an additional 17,700 shares in the last quarter. Hedge funds and other institutional investors own 19.69% of the company’s stock.

Insider Buying and Selling at Hercules Capital

In other news, CEO Scott Bluestein sold 100,000 shares of the business’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $19.59, for a total transaction of $1,959,000.00. Following the completion of the transaction, the chief executive officer now owns 2,161,207 shares of the company’s stock, valued at approximately $42,338,045.13. The trade was a 4.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.90% of the company’s stock.

Hercules Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 13th were issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 10.20%. The ex-dividend date of this dividend was Wednesday, November 13th. Hercules Capital’s payout ratio is presently 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.