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Friday, September 29, 2023

Hercules Capital Inc. (NYSE: HTGC) Could Achieve Gains In The Near Future

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Hercules Capital Inc. (HTGC) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.33, or 2.05%, to $16.42. The Hercules Capital Inc. has recorded 33,961 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Hercules Receives a BBB+ Reaffirmed Investment Grade Corporate Rating from Kroll Bond Rating Agency, Inc..

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Stocks Info

Hercules Capital Inc. is listed on the NYSE in the Financial sector while operating in the Asset Management industry. At the end of the last regular session, the stock closed at $16.09 and fluctuated between $16.19 as its day high and $16.03 as its day low. The current market capitalization of Hercules Capital Inc. is $2.43B. A total of 0.82 million shares were traded on the day, compared to an average of 1.01M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, HTGC has seen 3 BUY and 12 SELL insider trades, representing the acquisition of 115,920 and the disposition of 152,510 shares. Over the last 12 months, there were 41 BUYs and 46 SELLs from insiders. Insiders purchased 2,419,014 shares during that period but sold 2,779,786.

In the most recent transaction, Follmann Christian bought 455 shares of HTGC for 13.73 per share on May 24. After the transaction, the Chief Operating Officer now owns 72,634 company shares. In a previous transaction on May 24, Follmann Christian sold 455 shares at 13.72 per share. HTGC shares that Chief Operating Officer owns now total 72,179.

Among the insiders who bought shares, CROWELL GAYLE A acquired of 7,200 shares on May 08 at a per-share price of $13.66. This resulted in the Director holding 38,845 shares of HTGC after the transaction. In another insider transaction, Loo Wade bought 4,000 shares at $11.95 per share on Mar 17. Company shares held by the Director now total 8,059.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Hercules Capital Inc. pays an annual dividend of $1.60, resulting in a dividend yield of 9.94%, and it has a price to earnings (P/E) ratio of 7.25. HTGC’s most recent ex-dividend date was 8/17/2023 when it declared a $0.48 quarterly dividend that was paid in cash on 8/25/2023. Previously, the company paid the dividend on 5/23/2023 with an ex-dividend date of 5/15/2023. The HTGC stock dividend was $0.47 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for HTGC in the last 3 months, the mean price target is $17.69 with high estimates of $20.00 and low estimates of $15.00. In terms of 52-week highs and lows, HTGC has a high of $17.97 and a low of $10.82.

As of this writing, HTGC has an earnings estimate of $0.49 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of $0.51 per share and a lower estimate of $0.44. The company reported an EPS of $0.48 in the last quarter, which was 4.30% higher than expectations of $0.46.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. Its Book Value Per Share was $11.21, while its Total Shareholder’s Equity was $1.31B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 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 Buy with a score of 4.44.

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