Zacks Research Issues Pessimistic Estimate for HTGC Earnings

Hercules Capital, Inc. (NYSE:HTGC - Free Report) - Equities researchers at Zacks Research reduced their FY2025 earnings estimates for Hercules Capital in a research report issued on Monday, June 30th. Zacks Research analyst R. Department now expects that the financial services provider will post earnings per share of $1.89 for the year, down from their prior estimate of $1.90. The consensus estimate for Hercules Capital's current full-year earnings is $1.96 per share. Zacks Research also issued estimates for Hercules Capital's Q2 2026 earnings at $0.48 EPS, Q4 2026 earnings at $0.52 EPS and FY2026 earnings at $1.99 EPS.

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

Hercules Capital Stock Up 0.1%

Hercules Capital stock traded up $0.02 during mid-day trading on Tuesday, hitting $18.61. The company had a trading volume of 586,830 shares, compared to its average volume of 1,118,368. Hercules Capital has a 12 month low of $15.65 and a 12 month high of $22.04. The company has a market capitalization of $3.26 billion, a PE ratio of 13.99 and a beta of 0.93. The stock's 50 day moving average price is $17.85 and its two-hundred day moving average price is $18.95. 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 (NYSE:HTGC - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The financial services provider reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.01). Hercules Capital had a return on equity of 16.84% and a net margin of 45.23%. The company had revenue of $102.10 million during the quarter, compared to analysts' expectations of $125.43 million. During the same quarter in the previous year, the company earned $0.50 EPS. The business's quarterly revenue was down 1.6% on a year-over-year basis.

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 paid 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 8.60%. Hercules Capital's dividend payout ratio is presently 120.30%.

Insider Buying and Selling at Hercules Capital

In related news, Director Nikos Theodosopoulos acquired 5,999 shares of the stock in a transaction that occurred on Thursday, May 8th. The shares were bought at an average price of $17.49 per share, for a total transaction of $104,922.51. Following the completion of the transaction, the director directly owned 11,960 shares in the company, valued at approximately $209,180.40. This trade represents a 100.64% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.90% of the stock is owned by insiders.

Institutional Investors Weigh In On Hercules Capital

A number of hedge funds have recently added to or reduced their stakes in the stock. Sound Income Strategies LLC increased its position in shares of Hercules Capital by 2.1% during the 1st quarter. Sound Income Strategies LLC now owns 2,874,455 shares of the financial services provider's stock valued at $55,218,000 after purchasing an additional 59,241 shares during the last quarter. Two Sigma Advisers LP grew its position in Hercules Capital by 205.7% during the fourth quarter. Two Sigma Advisers LP now owns 1,406,900 shares of the financial services provider's stock valued at $28,265,000 after buying an additional 946,700 shares during the period. LPL Financial LLC increased its holdings in Hercules Capital by 14.5% during the first quarter. LPL Financial LLC now owns 1,130,362 shares of the financial services provider's stock valued at $21,714,000 after buying an additional 143,042 shares during the last quarter. Advisors Capital Management LLC increased its holdings in Hercules Capital by 6.6% during the fourth quarter. Advisors Capital Management LLC now owns 1,018,210 shares of the financial services provider's stock valued at $20,456,000 after buying an additional 62,610 shares during the last quarter. Finally, Two Sigma Investments LP raised its position in Hercules Capital by 106.7% in the fourth quarter. Two Sigma Investments LP now owns 945,849 shares of the financial services provider's stock worth $19,002,000 after acquiring an additional 488,172 shares during the period. 19.69% of the stock is currently owned by hedge funds and other institutional investors.

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.