Hercules Capital Inc (NYSE: HTGC) is 10.67% higher on its value in year-to-date trading and has touched a low of $11.82 and a high of $18.80 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The HTGC stock was last observed hovering at around $18.22 in the last trading session, with the day’s gains setting it 0.15%.
Currently trading at $18.37, the stock is 1.09% and 3.32% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.99 million and changing 0.82% at the moment leaves the stock 12.40% off its SMA200. HTGC registered 45.62% gain for a year compared to 6-month gain of 14.81%.
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The stock witnessed a 0.93% loss in the last 1 month and extending the period to 3 months gives it a 10.74%, and is 0.27% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.37% over the week and 1.48% over the month.
Hercules Capital Inc (HTGC) has around 100 employees, a market worth around $2.91B and $469.11M in sales. Current P/E ratio is 8.05 and Fwd P/E is 9.20. Profit margin for the company is 71.12%. Distance from 52-week low is 55.40% and -2.28% from its 52-week high. The company has generated returns on investments over the last 12 months (9.93%).
Hercules Capital Inc quarterly earnings per share for the current quarter are estimated at $0.5 with sales reaching $118.62M over the same period.The EPS is expected to shrink by -2.71% this year, but quarterly earnings will post 6.80% year-over-year. Quarterly sales are estimated to grow 15.70% in year-over-year returns.
319 institutions hold shares in Hercules Capital Inc (HTGC), with institutional investors hold 27.47% of the company’s shares. The shares outstanding are 157.76M, and float is at 155.23M with Short Float at 3.31%. Institutions hold 26.95% of the Float.
The top institutional shareholder in the company is Sound Income Strategies, LLC with over 2.52 million shares valued at $41.4 million. The investor’s holdings represent 1.74% of the HTGC Shares outstanding. As of Jun 29, 2023, the second largest holder is Van Eck Associates Corporation with 1.92 million shares valued at $28.37 million to account for 1.33% of the shares outstanding. The other top investors are Morgan Stanley which holds 1.08 million shares representing 0.75% and valued at over $16.0 million, while Legal & General Group PLC holds 0.70% of the shares totaling 1.01 million with a market value of $15.02 million.
Hercules Capital Inc (HTGC) Insider Activity
The most recent transaction is an insider purchase by Follmann Christian, the company’s Chief Operating Officer. SEC filings show that Follmann Christian bought 455 shares of the company’s common stock on May 24 ’23 at a price of $13.73 per share for a total of $6247.0. Following the purchase, the insider now owns 72634.0 shares.
Hercules Capital Inc disclosed in a document filed with the SEC on May 24 ’23 that Follmann Christian (Chief Operating Officer) sold a total of 455 shares of the company’s common stock. The trade occurred on May 24 ’23 and was made at $13.72 per share for $6243.0. Following the transaction, the insider now directly holds 72179.0 shares of the HTGC stock.
Still, SEC filings show that on May 08 ’23, CROWELL GAYLE A (Director) acquired 7,200 shares at an average price of $13.66 for $98352.0. The insider now directly holds 38,845 shares of Hercules Capital Inc (HTGC).
