Perhaps timely catching Hercules Capital Inc. (HTGC) would be a good idea

Hercules Capital Inc. (NYSE: HTGC) stock jumped 1.29% on Thursday to $14.11 against a previous-day closing price of $13.93. With 1.27 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.97 million shares. During the session, the Asset Management company that operates in wider Financial sector, reached to the highest price of $14.18 whereas the lowest price it dropped to was $13.84. The 52-week range on HTGC shows that it touched its highest point at $16.10 and its lowest point at $10.87 during that stretch. It currently has a 1-year price target of $14.88. With its current market cap of 1.95 billion, HTGC has annualized dividend of $1.56 while the current yield stands at 11.06%. Beta for the stock currently stands at 1.38.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of HTGC was up-trending over the past week, with a rise of 4.83%, but this was up by 9.36% over a month. Three-month performance dropped to -10.04% while six-month performance fell -0.57%. The stock gained 6.45% in the past year, while it has gained 7.92% so far this year. A look at the trailing 12-month EPS for HTGC yields 1.47 with Next year EPS estimates of 1.87. For the next quarter, that number is 0.48. This implies an EPS growth rate of -47.00% for this year and -2.66% for next year. EPS is expected to grow by 5.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -3.60%.

Float and Shares Shorts:

At present, 135.25 million HTGC shares are outstanding with a float of 128.50 million shares on hand for trading. On May 14, 2023, short shares totaled 12.13 million, which was 8.52% higher than short shares on Apr 13, 2023. In addition to Mr. Scott Bluestein as the firm’s CEO, Chief Investment Officer, Pres & Director, Mr. Seth Hardy Meyer serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 25.31% of HTGC’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 5.79% of HTGC, in contrast to 4.69% held by mutual funds. Shares owned by individuals account for 25.15%. As the largest shareholder in HTGC with 6.90% of the stake, Kingdom Holding Co. holds 9,411,490 shares worth 9,411,490. A second-largest stockholder of HTGC, Sound Income Strategies LLC, holds 2,380,281 shares, controlling over 1.74% of the firm’s shares. Van Eck Associates Corp. is the third largest shareholder in HTGC, holding 1,787,434 shares or 1.31% stake. With a 1.32% stake in HTGC, the VanEck Vectors – BDC Income ETF is the largest stakeholder. A total of 1,801,135 shares are owned by the mutual fund manager. The Border to Coast Listed Alternativ, which owns about 0.90% of HTGC stock, is the second-largest Mutual Fund holder. It holds 1,234,173 shares valued at 16.34 million. T Rowe Price Small Cap Value Fund holds 0.57% of the stake in HTGC, owning 783,970 shares worth 10.38 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for HTGC since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With HTGC analysts setting a high price target of $18.00 and a low target of $11.50, the average target price over the next 12 months is $14.88. Based on these targets, HTGC could surge 27.57% to reach the target high and fall by -18.5% to reach the target low. Reaching the average price target will result in a growth of 5.46% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Summary of Insider Activity:

Insiders traded HTGC stock several times over the past three months with 12 Buys and 11 Sells. In these transactions, 1,739,943 shares were bought while 2,442,965 shares were sold. The number of buy transactions has increased to 53 while that of sell transactions has risen to 45 over the past year. The total number of shares bought during that period was 2,378,948 while 2,665,510 shares were sold.

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