Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Hercules Capital Inc. shares valued at $1,416,000 were sold by Bluestein Scott on Nov 21. At $14.16 per share, Bluestein Scott sold 100,000 shares. The insider’s holdings dropped to 946,621 shares worth approximately $11.41 million following the completion of this transaction.
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Also, Loo Wade purchased 24 shares, netting a total of over 375 in proceeds. Following the buying of shares at $15.63 each, the insider now holds 3,493 shares.
Before that, Loo Wade had added 57 shares to its account. In a trade valued at $891, the Director bought Hercules Capital Inc. shares for $15.63 each. Upon closing the transaction, the insider’s holdings increased to 57 shares, worth approximately $41801.450000000004.
As published in a research note from Keefe Bruyette on March 13, 2023, Hercules Capital Inc. [HTGC] has been rated down from a Mkt perform to an Underperform and the price target has been revised to $10.50 from $14.50. This represents a -14.76% premium over Thursday’s closing price. Analysts at Oppenheimer downgraded the stock from ‘”an Outperform”‘ to ‘”a Perform”‘ outlook in a report released in late July. As of April 22, 2022, Keefe Bruyette has decreased its “an Outperform” rating to a “Mkt perform” for HTGC. Earlier on April 04, 2022, Piper Sandler downgraded its rating. Their new recommendation was “a Neutral” for HTGC stock which previously was a “an Overweight”.
Analyzing HTGC Stock Performance
On Thursday, Hercules Capital Inc. [NYSE: HTGC] rose 4.24% to $12.05. The stock’s lowest price that day was $11.285, but it reached a high of $12.24 in the same session. During the last five days, there has been a drop of approximately -12.87%. Over the course of the year, Hercules Capital Inc. shares have dropped approximately -8.38%. Shares of the company reached a 52-week high of $16.28 on 02/17/23 and a 52-week low of $10.94 on 03/13/23. A 50-day SMA is recorded $14.31, while a 200-day SMA reached $13.99. Nevertheless, trading volume fell to 2.37 million shares from 4.59 million shares the previous day.
Support And Resistance Levels for Hercules Capital Inc. (HTGC)
According to the 24-hour chart, there is a support level at 11.48, which, if violated, would cause prices to drop to 10.90. In the upper region, resistance lies at 12.43. The next price resistance is at 12.81. RSI (Relative Strength Index) is 32.03 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.21, which suggests the price will decrease in the coming days. Percent R is at 78.92%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Hercules Capital Inc. subject to short interest?
Stocks of Hercules Capital Inc. saw a sharp steep in short interest on Jan 12, 2023 dropping by -0.95 million shares to 6.79 million. Data from Yahoo Finance shows that the short interest on Dec 14, 2022 was 7.74 million shares. A decline of -13.99% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 8.1 of the overall float, the days-to-cover ratio (short ratio) decline to 8.1.
Which companies own the most shares of Hercules Capital Inc. (HTGC)?
In terms of Hercules Capital Inc. share price expectations, FactSet research, analysts set an average price target of $16.13 in the next 12 months, up nearly 36.25% from the previous closing price of $11.56. Analysts anticipate Hercules Capital Inc. stock to reach $18.00 by 2023, with the lowest price target being $14.50. In spite of this, 8 analysts ranked Hercules Capital Inc. stock as an Overweight at the end of 2023. On February 08, 2022, Compass Point assigned a price target of “a Neutral” to the stock and downgraded coverage with a $18.