Rep. Virginia Foxx Purchases Shares of Hercules Capital, Inc. (NYSE:HTGC)

Representative Virginia Foxx (R-North Carolina) recently bought shares of Hercules Capital, Inc. (NYSE:HTGC). In a filing disclosed on April 04th, the Representative disclosed that they had bought between $1,001 and $15,000 in Hercules Capital stock on March 5th.

Representative Virginia Foxx also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Ellington Financial (NYSE:EFC) on 3/31/2025.
• Sold $15,001 – $50,000 in shares of Alliance Resource Partners (NASDAQ:ARLP) on 3/7/2025.
• Sold $50,001 – $100,000 in shares of Energy Transfer (NYSE:ET) on 3/7/2025.
• Sold $50,001 – $100,000 in shares of Pembina Pipeline (NYSE:PBA) on 3/7/2025.
• Sold $15,001 – $50,000 in shares of FLEX LNG (NYSE:FLNG) on 3/7/2025.
• Purchased $1,001 – $15,000 in shares of Energy Transfer (NYSE:ET) on 2/19/2025.
• Purchased $1,001 – $15,000 in shares of Alliance Resource Partners (NASDAQ:ARLP) on 2/14/2025.

Hercules Capital Trading Down 3.5 %

Hercules Capital stock opened at $16.60 on Tuesday. The stock has a 50-day simple moving average of $19.92 and a 200 day simple moving average of $19.78. The stock has a market capitalization of $2.87 billion, a P/E ratio of 10.31 and a beta of 1.13. The company has a debt-to-equity ratio of 0.89, a quick ratio of 2.72 and a current ratio of 2.72. Hercules Capital, Inc. has a 52 week low of $15.80 and a 52 week high of $22.04.

Hercules Capital (NYSE:HTGC) last issued its earnings results on Thursday, February 13th. The financial services provider reported $0.49 EPS for the quarter, hitting the consensus estimate of $0.49. Hercules Capital had a return on equity of 17.19% and a net margin of 53.28%. The company had revenue of $121.78 million during the quarter, compared to the consensus estimate of $124.09 million. Analysts expect that Hercules Capital, Inc. will post 1.96 earnings per share for the current year.

Hercules Capital Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Wednesday, February 26th were paid a $0.47 dividend. The ex-dividend date was Wednesday, February 26th. This represents a $1.88 annualized dividend and a yield of 11.33%. Hercules Capital’s dividend payout ratio (DPR) is currently 99.38%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in HTGC. Left Brain Wealth Management LLC grew its position in Hercules Capital by 32.2% during the fourth quarter. Left Brain Wealth Management LLC now owns 275,876 shares of the financial services provider’s stock worth $5,542,000 after buying an additional 67,215 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in shares of Hercules Capital by 511.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 53,068 shares of the financial services provider’s stock worth $1,042,000 after purchasing an additional 44,386 shares in the last quarter. Franklin Resources Inc. increased its position in shares of Hercules Capital by 28.0% in the third quarter. Franklin Resources Inc. now owns 387,225 shares of the financial services provider’s stock worth $7,667,000 after purchasing an additional 84,780 shares during the period. Tectonic Advisors LLC raised its stake in Hercules Capital by 14.0% in the fourth quarter. Tectonic Advisors LLC now owns 493,808 shares of the financial services provider’s stock valued at $9,921,000 after purchasing an additional 60,776 shares in the last quarter. Finally, Magnetar Financial LLC bought a new stake in Hercules Capital during the fourth quarter worth about $324,000. 19.69% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on HTGC shares. JMP Securities reissued a “market outperform” rating and issued a $22.00 price target on shares of Hercules Capital in a report on Friday, February 14th. Compass Point increased their target price on Hercules Capital from $18.25 to $20.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 19th. Finally, Keefe, Bruyette & Woods raised Hercules Capital from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $19.50 to $21.50 in a report on Thursday, December 12th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Hercules Capital presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.40.

About Representative Foxx

Virginia Foxx (Republican Party) is a member of the U.S. House, representing North Carolina’s 5th Congressional District. She assumed office on January 3, 2005. Her current term ends on January 3, 2027.

Foxx (Republican Party) ran for re-election to the U.S. House to represent North Carolina’s 5th Congressional District. She won in the general election on November 5, 2024.

Foxx was born in New York, New York. She earned a B.A. and M.A.C.T. from the University of North Carolina, Chapel Hill, in 1968 and 1972, respectively, and an Ed.D. from the University of North Carolina, Greensboro, in 1985.

Foxx worked as an instructor at Caldwell Community College in Hudson, NC, and an instructor and assistant dean at Appalachian State University in Boone, NC. She owned a landscape nursery and served as Deputy Secretary for Management at the North Carolina Department of Administration.

About Hercules Capital

Hercules Capital, Inc is a business development company. The firm specializing in providing venture debt, debt, senior secured loans, and growth capital to privately held venture capital-backed companies at all stages of development from startups to expansion stage including select publicly listed companies and select special opportunity lower middle market companies that require additional capital to fund acquisitions, recapitalizations and refinancing and established-stage companies.