Hercules Capital Inc (NYSE: HTGC) is 20.65% higher on its value in year-to-date trading and has touched a low of $14.76 and a high of $21.69 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 $20.04 in the last trading session, with the day’s loss setting it -0.18%.
Currently trading at $19.86, the stock is -0.15% and 2.86% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.79 million and changing -0.90% at the moment leaves the stock 4.85% off its SMA200. HTGC registered 32.72% gain for a year compared to 6-month gain of 5.62%. The firm has a 50-day simple moving average (SMA 50) of $19.3084 and a 200-day simple moving average (SMA200) of $19.0462.
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The stock witnessed a 0.35% loss in the last 1 month and extending the period to 3 months gives it a -5.60%, and is -1.59% down 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 1.21% over the week and 1.33% over the month.
Hercules Capital Inc (HTGC) has around 100 employees, a market worth around $3.22B and $485.91M in sales. Current P/E ratio is 11.09 and Fwd P/E is 9.78. Distance from 52-week low is 34.57% and -8.44% from its 52-week high.
The EPS is expected to shrink by -2.40% this year
328.0 institutions hold shares in Hercules Capital Inc (HTGC), with institutional investors hold 27.07% of the company’s shares. The shares outstanding are 162.38M, and float is at 159.41M with Short Float at 3.86%. Institutions hold 26.57% of the Float.
The top institutional shareholder in the company is VAN ECK ASSOCIATES CORP with over 2.82 million shares valued at $57.77 million. The investor’s holdings represent 1.7942 of the HTGC Shares outstanding. As of 2024-06-30, the second largest holder is SOUND INCOME STRATEGIES, LLC with 2.69 million shares valued at $55.0 million to account for 1.7083 of the shares outstanding. The other top investors are LEGAL & GENERAL GROUP PLC which holds 1.25 million shares representing 0.7967 and valued at over $25.66 million, while MORGAN STANLEY holds 0.7497 of the shares totaling 1.18 million with a market value of $24.14 million.
Hercules Capital Inc (HTGC) Insider Activity
The most recent transaction is an insider sale by Bluestein Scott, the company’s Chief Executive Officer. SEC filings show that Bluestein Scott sold 100,000 shares of the company’s common stock on Sep 26 ’24 at a price of $19.59 per share for a total of $1.96 million. Following the sale, the insider now owns 2.16 million shares.
Still, SEC filings show that on Aug 06 ’24, Theodosopoulos Nikos (Director) acquired 1,608 shares at an average price of $18.03 for $28997.0. The insider now directly holds 5,613 shares of Hercules Capital Inc (HTGC).
