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Thursday, June 8, 2023

There Is A Quest For Clarity Surrounding Hercules Capital Inc. (NYSE: HTGC) Volatility

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Hercules Capital Inc. (HTGC) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.14, or 1.06%, to $13.34. The Hercules Capital Inc. has recorded 3,545 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Hercules Capital Announces Date for Release of First Quarter 2023 Financial Results and Conference Call.

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Stocks Info

This NYSE-listed company operates within the Asset Management industry segment, falling under the Financial sector. At the end of the last regular session, the stock closed at $13.20 and fluctuated between $13.36 as its day high and $13.05 as its day low. The current market capitalization of Hercules Capital Inc. is $1.79B. A total of 1.32 million shares were traded on the day, compared to an average of 1.82M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, HTGC has seen 11 BUY and 9 SELL insider trades, representing the acquisition of 70,854 and the disposition of 24,004 shares. Over the last 12 months, there were 63 BUYs and 46 SELLs from insiders. Insiders purchased 794,550 shares during that period but sold 275,741.

In the most recent transaction, Loo Wade bought 4,000 shares of HTGC for 11.95 per share on Mar 17. After the transaction, the Director now owns 8,059 company shares. In a previous transaction on Nov 21, Bluestein Scott sold 100,000 shares at 14.16 per share. HTGC shares that Chief Executive Officer owns now total 946,621.

Among the insiders who bought shares, Loo Wade acquired of 24 shares on Aug 19 at a per-share price of $15.63. This resulted in the Director holding 3,493 shares of HTGC after the transaction. In another insider transaction, Loo Wade bought 57 shares at $15.63 per share on Aug 18. Company shares held by the Director now total 3,469.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Hercules Capital Inc. pays an annual dividend of $1.56, resulting in a dividend yield of 11.82%, and it has a price to earnings (P/E) ratio of 17.48. HTGC’s most recent ex-dividend date was 3/1/2023 when it declared a $0.39 quarterly dividend that was paid in cash on 3/9/2023. Previously, the company paid the dividend on 11/17/2022 with an ex-dividend date of 11/9/2022. The HTGC stock dividend was $0.36 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for HTGC in the last 3 months, the mean price target is $15.81 with high estimates of $18.00 and low estimates of $13.00. In terms of 52-week highs and lows, HTGC has a high of $16.76 and a low of $10.94.

As of this writing, HTGC has an earnings estimate of $0.46 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of $0.49 per share and a lower estimate of $0.43. The company reported an EPS of $0.39 in the last quarter, which was 8.30% higher than expectations of $0.36.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. Its Book Value Per Share was $10.73, while its Total Shareholder’s Equity was $1.31B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 8 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for HTGC is Overweight with a score of 4.25. A total of 5 analysts rated the stock as Buy while 0 rated it as Overweight while 2 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 1 thought it should be Sold.

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