Zacks Research Issues Negative Outlook for HTGC Earnings

Hercules Capital, Inc. (NYSE:HTGC) – Research analysts at Zacks Research cut their Q3 2026 EPS estimates for shares of Hercules Capital in a research report issued to clients and investors on Wednesday, October 15th. Zacks Research analyst Team now forecasts that the financial services provider will post earnings per share of $0.50 for the quarter, down from their prior forecast of $0.51. The consensus estimate for Hercules Capital’s current full-year earnings is $1.96 per share.

Several other brokerages have also recently commented on HTGC. Citigroup restated an “outperform” rating on shares of Hercules Capital in a research note on Monday, August 4th. Weiss Ratings restated a “buy (b)” rating on shares of Hercules Capital in a research note on Wednesday, October 8th. JMP Securities lifted their price objective on shares of Hercules Capital from $22.00 to $24.00 and gave the company a “market outperform” rating in a research note on Monday, August 4th. UBS Group decreased their price objective on shares of Hercules Capital from $19.00 to $18.50 and set a “neutral” rating for the company in a research note on Tuesday. Finally, Piper Sandler decreased their price objective on shares of Hercules Capital from $21.00 to $20.50 and set an “overweight” rating for the company in a research note on Thursday, October 9th. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $20.42.

Hercules Capital Stock Down 1.3%

HTGC stock opened at $17.17 on Thursday. The firm has a 50 day moving average of $18.89 and a 200 day moving average of $18.36. The stock has a market capitalization of $3.12 billion, a PE ratio of 11.37 and a beta of 0.96. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.96. Hercules Capital has a 52 week low of $15.65 and a 52 week high of $22.04.

Hercules Capital (NYSE:HTGC) last released its earnings results on Thursday, July 31st. The financial services provider reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.03. The company had revenue of $137.46 million during the quarter, compared to analysts’ expectations of $129.47 million. Hercules Capital had a net margin of 51.46% and a return on equity of 16.54%. Hercules Capital’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same period last year, the business earned $0.51 EPS.

Institutional Investors Weigh In On Hercules Capital

Large investors have recently modified their holdings of the business. CWM LLC grew its holdings in shares of Hercules Capital by 79.6% during the second quarter. CWM LLC now owns 1,381 shares of the financial services provider’s stock worth $25,000 after buying an additional 612 shares in the last quarter. Assetmark Inc. grew its holdings in shares of Hercules Capital by 173.4% during the second quarter. Assetmark Inc. now owns 1,386 shares of the financial services provider’s stock worth $25,000 after buying an additional 879 shares in the last quarter. GHP Investment Advisors Inc. purchased a new stake in shares of Hercules Capital during the second quarter worth $27,000. N.E.W. Advisory Services LLC purchased a new stake in shares of Hercules Capital during the first quarter worth $30,000. Finally, Alpine Bank Wealth Management purchased a new stake in shares of Hercules Capital during the second quarter worth $33,000. Hedge funds and other institutional investors own 19.69% of the company’s stock.

Hercules Capital Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 19th. Investors of record on Tuesday, August 12th were issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 10.9%. The ex-dividend date of this dividend was Tuesday, August 12th. This is a boost from Hercules Capital’s previous quarterly dividend of $0.40. Hercules Capital’s payout ratio is presently 105.96%.

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.