Hercules Capital Inc (NYSE: HTGC) is -7.56% lower on its value in year-to-date trading and has touched a low of $16.75 and a high of $21.97 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The HTGC stock was last observed hovering at around $18.01 in the last trading session, with the day’s gains setting it 0.5%.
Currently trading at $18.51, the stock is -7.61% and -9.04% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.49 million and changing 2.78% at the moment leaves the stock -6.01% off its SMA200. HTGC registered 3.14% gain for a year compared to 6-month gain of -0.39%. The firm has a 50-day simple moving average (SMA 50) of $20.3994 and a 200-day simple moving average (SMA200) of $19.824.
The stock witnessed a -11.27% loss in the last 1 month and extending the period to 3 months gives it a -5.44%, and is -2.06% 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 2.82% over the week and 2.63% over the month.
Hercules Capital Inc (HTGC) has around 100 employees, a market worth around $3.21B and $493.59M in sales. Current P/E ratio is 11.50 and Fwd P/E is 9.10. Distance from 52-week low is 10.48% and -15.74% from its 52-week high.
The EPS is expected to shrink by -1.80% this year.
Hercules Capital Inc (HTGC) Top Institutional Holders
377.0 institutions hold shares in Hercules Capital Inc (HTGC), with institutional investors hold 29.36% of the company’s shares. The shares outstanding are 173.15M, and float is at 169.92M with Short Float at 2.70%. Institutions hold 28.86% 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 1.7573% 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 1.6732 of the shares outstanding. The other top investors are LEGAL & GENERAL GROUP PLC which holds 1.25 million shares representing 0.7804% 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).
