Zacks Research Issues Pessimistic Outlook for HTGC Earnings

Hercules Capital, Inc. (NYSE:HTGC) – Equities researchers at Zacks Research lowered their Q2 2027 EPS estimates for Hercules Capital in a research note issued to investors on Monday, June 30th. Zacks Research analyst R. Department now expects that the financial services provider will earn $0.53 per share for the quarter, down from their previous estimate of $0.54. The consensus estimate for Hercules Capital’s current full-year earnings is $1.96 per share.

Hercules Capital (NYSE:HTGC) last issued its quarterly earnings data on Thursday, May 1st. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.01). The company had revenue of $102.10 million during the quarter, compared to analyst estimates of $125.43 million. Hercules Capital had a net margin of 45.23% and a return on equity of 16.84%. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period last year, the firm earned $0.50 EPS.

Other equities analysts have also recently issued reports about the stock. Wells Fargo & Company decreased their target price on shares of Hercules Capital from $21.00 to $19.00 and set an “overweight” rating for the company in a research note on Monday, April 28th. UBS Group lowered their target price on shares of Hercules Capital from $20.00 to $18.00 and set a “neutral” rating on the stock in a research note on Thursday, April 17th. Piper Sandler cut their price target on Hercules Capital from $23.00 to $20.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Finally, Keefe, Bruyette & Woods lowered their price target on Hercules Capital from $21.50 to $20.50 and set an “outperform” rating on the stock in a research report on Tuesday, April 8th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $19.92.

Hercules Capital Trading Up 1.4%

Shares of NYSE:HTGC opened at $18.59 on Wednesday. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 0.99. Hercules Capital has a 12-month low of $15.65 and a 12-month high of $22.04. The business has a 50 day moving average of $17.83 and a two-hundred day moving average of $18.96. The company has a market capitalization of $3.26 billion, a PE ratio of 13.98 and a beta of 0.93.

Hercules Capital Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 20th. Stockholders of record on Tuesday, May 13th were given a $0.40 dividend. The ex-dividend date was Tuesday, May 13th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 8.61%. Hercules Capital’s dividend payout ratio (DPR) is presently 120.30%.

Insider Activity

In related news, Director Nikos Theodosopoulos acquired 5,999 shares of the stock in a transaction on Thursday, May 8th. The shares were bought at an average price of $17.49 per share, with a total value of $104,922.51. Following the completion of the purchase, the director owned 11,960 shares of the company’s stock, valued at approximately $209,180.40. This represents a 100.64% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On Hercules Capital

Several hedge funds and other institutional investors have recently bought and sold shares of HTGC. Confluence Investment Management LLC grew its holdings in shares of Hercules Capital by 0.3% during the 2nd quarter. Confluence Investment Management LLC now owns 383,778 shares of the financial services provider’s stock worth $7,015,000 after purchasing an additional 1,149 shares during the period. Focus Partners Wealth increased its stake in Hercules Capital by 26.0% during the first quarter. Focus Partners Wealth now owns 15,747 shares of the financial services provider’s stock worth $302,000 after purchasing an additional 3,250 shares during the period. Empowered Funds LLC lifted its position in shares of Hercules Capital by 85.9% during the first quarter. Empowered Funds LLC now owns 22,854 shares of the financial services provider’s stock worth $439,000 after purchasing an additional 10,559 shares in the last quarter. Integrated Wealth Concepts LLC boosted its stake in shares of Hercules Capital by 5.9% in the first quarter. Integrated Wealth Concepts LLC now owns 17,241 shares of the financial services provider’s stock valued at $331,000 after purchasing an additional 959 shares during the period. Finally, Advisors Asset Management Inc. grew its holdings in shares of Hercules Capital by 1.8% in the first quarter. Advisors Asset Management Inc. now owns 413,415 shares of the financial services provider’s stock valued at $7,942,000 after purchasing an additional 7,224 shares in the last quarter. 19.69% of the stock is currently owned by institutional investors and hedge funds.

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.