A Director at Hercules Capital (NYSE: HTGC) is Buying Shares

By Carrie Williams

Today, a Director at Hercules Capital (HTGCResearch Report), Thomas Fallon, bought shares of HTGC for $163.4K.

This recent transaction increases Thomas Fallon’s holding in the company by 20.03% to a total of $879.8K. Following Thomas Fallon’s last HTGC Buy transaction on March 16, 2021, the stock climbed by 1.2%.

See today’s analyst top recommended stocks >>

Based on Hercules Capital’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $167 million and quarterly net profit of $151 million. In comparison, last year the company earned revenue of $59.14 million and had a net profit of $44.61 million. The company has a one-year high of $17.71 and a one-year low of $9.23. Currently, Hercules Capital has an average volume of 683.42K.

Starting in May 2020, HTGC received 32 Buy ratings in a row. Nine different firms, including B.Riley Financial and Compass Point, currently also have a Buy rating on the stock. Based on 9 analyst ratings, the analyst consensus is Strong Buy with an average price target of $18.06, reflecting a -2.5% downside.

The insider sentiment on Hercules Capital has been positive according to 93 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

Thomas Fallon’s trades have generated a 17.9% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Hercules Capital, Inc. is a specialty finance company, which focuses on providing senior secured loans to high-growth, innovative venture capital-backed companies in a variety of technology, life sciences, and sustainable and renewable technology industries. The company was founded by Manuel A. Henriquez in December 2003 and is headquartered in Palo Alto, CA.