Representative Virginia Foxx (R-North Carolina) recently bought shares of Hercules Capital, Inc. NYSE: HTGC. In a filing disclosed on June 03rd, the Representative disclosed that they had bought between $1,001 and $15,000 in Hercules Capital stock on May 20th.
Representative Virginia Foxx also recently made the following trade(s):
- Purchased $1,001 - $15,000 in shares of Alliance Resource Partners NASDAQ: ARLP on 5/15/2025.
- Purchased $1,001 - $15,000 in shares of Ellington Financial NYSE: EFC on 3/31/2025.
- Sold $15,001 - $50,000 in shares of Alliance Resource Partners NASDAQ: ARLP on 3/7/2025.
- Sold $50,001 - $100,000 in shares of Energy Transfer NYSE: ET on 3/7/2025.
- Sold $50,001 - $100,000 in shares of Pembina Pipeline NYSE: PBA on 3/7/2025.
- Sold $15,001 - $50,000 in shares of FLEX LNG NYSE: FLNG on 3/7/2025.
- Purchased $1,001 - $15,000 in shares of Hercules Capital NYSE: HTGC on 3/5/2025.
Hercules Capital Stock Up 1.6%
Shares of Hercules Capital stock traded up $0.28 on Friday, hitting $18.15. The company had a trading volume of 933,671 shares, compared to its average volume of 1,106,059. The stock has a market capitalization of $3.18 billion, a price-to-earnings ratio of 11.27 and a beta of 0.93. Hercules Capital, Inc. has a 1 year low of $15.65 and a 1 year high of $22.04. The stock has a 50 day moving average of $17.55 and a 200-day moving average of $19.09. The company has a debt-to-equity ratio of 0.89, a quick ratio of 2.72 and a current ratio of 2.72.
Hercules Capital (NYSE:HTGC - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The financial services provider reported $0.45 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 analysts' expectations of $125.43 million. Hercules Capital had a return on equity of 17.19% and a net margin of 53.28%. The business's revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period last year, the company earned $0.50 earnings per share. As a group, sell-side analysts forecast that Hercules Capital, Inc. will post 1.96 earnings per share for the current year.
Hercules Capital Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 20th. Stockholders of record on Tuesday, May 13th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 8.82%. The ex-dividend date of this dividend was Tuesday, May 13th. Hercules Capital's dividend payout ratio (DPR) is presently 120.30%.
Insider Transactions at Hercules Capital
In other Hercules Capital 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 now owns 11,960 shares of the company's stock, valued at approximately $209,180.40. This represents a 100.64% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.90% of the company's stock.
Hedge Funds Weigh In On Hercules Capital
A number of large investors have recently made changes to their positions in HTGC. Two Sigma Advisers LP boosted its holdings in shares of Hercules Capital by 205.7% in the fourth quarter. Two Sigma Advisers LP now owns 1,406,900 shares of the financial services provider's stock worth $28,265,000 after acquiring an additional 946,700 shares during the period. Marshall Wace LLP bought a new position in shares of Hercules Capital in the fourth quarter worth $14,871,000. Two Sigma Investments LP boosted its holdings in shares of 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. Millennium Management LLC boosted its holdings in shares of Hercules Capital by 1,834.7% in the fourth quarter. Millennium Management LLC now owns 429,125 shares of the financial services provider's stock worth $8,621,000 after acquiring an additional 406,944 shares during the period. Finally, Voloridge Investment Management LLC bought a new position in shares of Hercules Capital in the fourth quarter worth $7,755,000. 19.69% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Several brokerages have recently commented on HTGC. UBS Group lowered their price objective on Hercules Capital from $20.00 to $18.00 and set a "neutral" rating for the company in a research note on Thursday, April 17th. Keefe, Bruyette & Woods reduced their target price on Hercules Capital from $21.50 to $20.50 and set an "outperform" rating for the company in a report on Tuesday, April 8th. Compass Point upped their target price on Hercules Capital from $18.25 to $20.00 and gave the company a "neutral" rating in a report on Wednesday, February 19th. JMP Securities reaffirmed a "market outperform" rating and issued a $22.00 target price on shares of Hercules Capital in a report on Friday, February 14th. Finally, Wells Fargo & Company reduced their target price on Hercules Capital from $21.00 to $19.00 and set an "overweight" rating for the company in a report on Monday, April 28th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $19.92.
Check Out Our Latest Analysis on HTGC
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, 2027.
Foxx (Republican Party) ran for re-election to the U.S. House to represent North Carolina's 5th Congressional District. She won in the general election on November 5, 2024.
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
(
Get Free Report)
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.
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