A Look At Insider Reactions To Hercules Capital Inc. (HTGC)


As of Wednesday close, Hercules Capital Inc.’s (NYSE:HTGC) stock traded at $14.35. The average number of shares traded per day over the past five days has been 641,220 shares. 2 times new highs have been achieved over the past 5 days, with a $0.28 gain in that time frame. In the last twenty days, the average volume was 1,048,320, while in the previous 50 days, it was 1,132,988.

Since last month, HTGC stock rose 2.24%. Shares of the company fell to $13.22 on 10/24/22, the lowest level in the past month. A 52-week high of $18.53 was reached on 04/21/22 after having rallying from a 52-week low of $11.04. Since the beginning of this year, HTGC’s stock price has dropped by -10.13% or -$2.24, and marked a new high 19 times. However, the stock has declined by -22.57% since its 52-week high.

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HTGC stock investors should be aware that Hercules Capital Inc. (HTGC) stock had its last reported insider trading activity 3 days ago on Nov 21. Bluestein Scott, the Chief Executive Officer of the company, disposed of 100,000 shares for $14.16 on Nov 21. It resulted in a $1,416,000 divestment by the insider. Loo Wade added 24 shares at an average price of $15.63 on Aug 19. The insider now owns 3,493 shares following the transaction. On Aug 18, Director Loo Wade bought 57 shares at $15.63 apiece. The transaction was valued at $891.

Valuation Metrics

Right now, Hercules Capital Inc. (HTGC) has a P/E ratio of about 45.13. The stock’s beta is 1.44. Besides these, the trailing price-to-sales (P/S) ratio of 6.27, the price-to-book (PB) ratio of 1.34.

The latest dividend of $0.36 per share was paid out, which is -28.0% less than last year’s $0.50. On Tuesday October 18 2022, a $0.14 dividend decrease was announced.

Financial Health

According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 1.12, and the total debt-to-equity ratio was 1.12. On the profitability front, the trailing twelve-month gross margin is 80.10% percent. In the year ended September 29, operating margins totaled 54.40%. Based on annual data, HTGC earned $136.04 million in gross profit and brought in $280.98 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 5.70%. Return on equity (ROE) for the past 12 months was 3.10%.

According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected Hercules Capital Inc. to report $0.36 quarterly earnings, the actual figure was $0.39 per share, beating the consensus estimate by 8.30%. During the quarter, the company generated $64.17 million in EBITDA. The liabilities of Hercules Capital Inc. were 1.56 billion at the end of its most recent quarter ended September 29, and its total debt was $1.53 billion. The value of shareholders’ equity is $130.15 million.

Technical Picture

This quick technical analysis looks at Hercules Capital Inc.’s (HTGC) price momentum. With a historical volatility rate of 14.29%, the RSI 9-day stood at 56.53% on 23 November.

With respect to its five-day moving average, the current Hercules Capital Inc. price is up by +1.99% percent or $0.28. At present, HTGC shares trade +1.70% above its 20-day simple moving average and +2.65% percent above its 100-day simple moving average. However, the stock is currently trading approximately +2.50% above its SMA50 and -20.19% below its SMA200.

Stochastic coefficient K was 34.95% and Stochastic coefficient D was 33.10%, while ATR was 0.36. Given the Stochastic reading of 39.58% for the 14-day period, the RSI (14) reading has been calculated as 56.37%. As of today, the MACD Oscillator reading stands at 0.09, while the 14-day reading stands at -0.01.

Analyst Ratings

Hercules Capital Inc. downgraded its rating on Hercules Capital Inc. (NYSE: HTGC) to a Perform in a note to investors on July 29, 2022. The analysts firm previously had an Outperform rating on the stock.

With a median target price of $15.00, the current consensus forecast for the stock is $14.50 – $18.00. Based on these forecasts, analysts predict Hercules Capital Inc. (HTGC) will achieve an average price target of $15.78.


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