Hercules Capital (NYSE:HTGC) Shares Acquired Rep. Virginia Foxx

Representative Virginia Foxx (R-North Carolina) recently bought shares of Hercules Capital, Inc. (NYSE:HTGC). In a filing disclosed on November 12th, the Representative disclosed that they had bought between $15,001 and $50,000 in Hercules Capital stock on October 23rd.

Representative Virginia Foxx also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Ellington Financial (NYSE:EFC) on 9/30/2024.
• Purchased $1,001 – $15,000 in shares of Hercules Capital (NYSE:HTGC) on 8/20/2024.
• Purchased $1,001 – $15,000 in shares of Energy Transfer (NYSE:ET) on 8/19/2024.
• Purchased $1,001 – $15,000 in shares of Alliance Resource Partners (NASDAQ:ARLP) on 8/14/2024.

Hercules Capital Trading Down 1.6 %

Shares of NYSE:HTGC traded down $0.30 during trading on Friday, reaching $18.75. 741,404 shares of the company traded hands, compared to its average volume of 935,078. The firm has a market capitalization of $3.05 billion, a price-to-earnings ratio of 9.43 and a beta of 1.39. Hercules Capital, Inc. has a 52-week low of $15.14 and a 52-week 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. The business’s fifty day moving average is $19.63 and its 200-day moving average is $19.70.

Hercules Capital (NYSE:HTGC) last announced its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.51 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 business had revenue of $125.25 million during the quarter, compared to analyst estimates of $125.80 million. During the same quarter last year, the firm posted $0.52 earnings per share. As a group, analysts forecast that Hercules Capital, Inc. will post 2.02 EPS for the current year.

Hercules Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 13th will be paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 10.24%. The ex-dividend date of this dividend is Wednesday, November 13th. Hercules Capital’s dividend payout ratio (DPR) is presently 79.21%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on HTGC. Piper Sandler lifted their price objective on Hercules Capital from $22.00 to $22.50 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Wells Fargo & Company increased their target price on Hercules Capital from $20.00 to $21.00 and gave the company an “overweight” rating in a research report on Tuesday, October 29th. Finally, JMP Securities increased their target price 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 investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $19.83.

Insider Activity

In other Hercules Capital news, CEO Scott Bluestein sold 100,000 shares of the company’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 sale, the chief executive officer now owns 2,161,207 shares in the company, valued at $42,338,045.13. This represents a 4.42 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.90% of the company’s stock.

Institutional Trading of Hercules Capital

Institutional investors have recently made changes to their positions in the company. IHT Wealth Management LLC boosted its stake in Hercules Capital by 4.7% during the third quarter. IHT Wealth Management LLC now owns 61,875 shares of the financial services provider’s stock worth $1,215,000 after buying an additional 2,787 shares during the last quarter. Captrust Financial Advisors lifted its stake in shares of Hercules Capital by 3.7% in the 3rd quarter. Captrust Financial Advisors now owns 21,215 shares of the financial services provider’s stock valued at $417,000 after purchasing an additional 763 shares during the last quarter. Rockefeller Capital Management L.P. lifted its stake in shares of Hercules Capital by 2.4% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 137,868 shares of the financial services provider’s stock valued at $2,708,000 after purchasing an additional 3,239 shares during the last quarter. CreativeOne Wealth LLC acquired a new position in shares of Hercules Capital in the 3rd quarter valued at $274,000. Finally, BNP Paribas Financial Markets lifted its stake in shares of Hercules Capital by 511.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 53,068 shares of the financial services provider’s stock valued at $1,042,000 after purchasing an additional 44,386 shares during the last quarter. 19.69% of the stock is owned by institutional investors and hedge funds.

About Representative Foxx

Virginia Foxx (Republican Party) is a member of the U.S. House, representing North Carolina’s 5th Congressional District. She assumed office on January 3, 2005. Her current term ends on January 3, 2025. Foxx (Republican Party) is running for re-election to the U.S. House to represent North Carolina’s 5th Congressional District. She declared candidacy for the 2024 election. Prior to her election to the U.S. House, Foxx served as a member of the North Carolina State Senate as well as deputy secretary for management for North Carolina. Foxx was born in New York, New York. She earned a B.A. and M.A.C.T. from the University of North Carolina, Chapel Hill, in 1968 and 1972, respectively, and an Ed.D. from the University of North Carolina, Greensboro, in 1985. Foxx worked as an instructor at Caldwell Community College in Hudson, NC, and an instructor and assistant dean at Appalachian State University in Boone, NC. She owned a landscape nursery and served as Deputy Secretary for Management at the North Carolina Department of Administration.

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.