Hercules Capital, Inc. (HTGC) To Go Ex-Dividend on November 13th

Hercules Capital, Inc. (NYSE:HTGC) declared a quarterly dividend on Monday, October 28th, Zacks reports. Shareholders of record on Wednesday, November 13th will be given a dividend of 0.48 per share by the financial services provider on Wednesday, November 20th. This represents a $1.92 annualized dividend and a yield of 9.60%. The ex-dividend date of this dividend is Wednesday, November 13th.

Hercules Capital has increased its dividend by an average of 14.2% annually over the last three years. Hercules Capital has a dividend payout ratio of 78.8% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Analysts expect Hercules Capital to earn $2.06 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 77.7%.

Hercules Capital Stock Down 0.7 %

HTGC opened at $20.00 on Wednesday. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.42 and a quick ratio of 1.42. Hercules Capital has a 12 month low of $15.11 and a 12 month high of $21.78. The stock has a market capitalization of $3.24 billion, a P/E ratio of 9.09 and a beta of 1.39. The business has a 50 day simple moving average of $19.45 and a 200-day simple moving average of $19.63.

Hercules Capital (NYSE:HTGC) last issued its earnings results on Thursday, August 1st. The financial services provider reported $0.51 EPS for the quarter, hitting the consensus estimate of $0.51. The company had revenue of $125.01 million for the quarter, compared to analyst estimates of $124.99 million. Hercules Capital had a net margin of 57.82% and a return on equity of 18.03%. During the same period in the previous year, the firm earned $0.53 EPS. On average, equities analysts anticipate that Hercules Capital will post 2.03 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Scott Bluestein sold 100,000 shares of the company’s stock in a transaction 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 sale, the chief executive officer now directly owns 2,161,207 shares in the company, valued at $42,338,045.13. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Hercules Capital news, Director Nikos Theodosopoulos acquired 1,608 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The shares were acquired at an average price of $18.03 per share, for a total transaction of $28,992.24. Following the completion of the acquisition, the director now directly owns 5,613 shares of the company’s stock, valued at $101,202.39. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Scott Bluestein sold 100,000 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $42,338,045.13. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

HTGC has been the subject of a number of research reports. Wells Fargo & Company lifted their price target on shares of Hercules Capital from $20.00 to $21.00 and gave the company an “overweight” rating in a research report on Tuesday. Piper Sandler boosted their target price on Hercules Capital from $22.00 to $22.50 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Finally, JMP Securities raised their price target 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. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $19.83.

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.