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NYSE:HTGC

Hercules Capital (HTGC) Stock Price, News & Analysis

$19.41
+0.37 (+1.94%)
(As of 05/24/2024 ET)
Today's Range
$19.12
$19.44
50-Day Range
$17.96
$19.89
52-Week Range
$13.84
$20.01
Volume
788,707 shs
Average Volume
1.11 million shs
Market Capitalization
$3.15 billion
P/E Ratio
8.82
Dividend Yield
8.24%
Price Target
$18.56

Hercules Capital MarketRank™ Stock Analysis

Analyst Rating
Hold
2.43 Rating Score
Upside/​Downside
4.4% Downside
$18.56 Price Target
Short Interest
Healthy
3.55% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
1.05mentions of Hercules Capital in the last 14 days
Based on 8 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
1.46%
From $2.06 to $2.09 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.55 out of 5 stars

Finance Sector

673rd out of 842 stocks

Investment Offices, Not Elsewhere Classified Industry

1st out of 7 stocks

HTGC stock logo

About Hercules Capital Stock (NYSE:HTGC)

Hercules Capital, Inc. is a leading specialty finance company based in Palo Alto, California. The company provides venture debt financing to start-up and early-stage companies in the technology, life sciences, and renewable energy sectors. Hercules Capital has a diverse portfolio of over 450 companies, including many well-known names in the tech industry. The company was founded in 2003 and has provided its clients with over $11 billion in financing. In 2021, Hercules Capital was recognized by Silicon Valley Business Journal as one of the Bay Area's fastest-growing public companies.

Manuel A. Henriquez, the founder and Executive Chairman, led the company for many years as Chief Executive Officer. He has over 30 years of experience in the venture capital industry and has been instrumental in driving the growth of Hercules Capital. In early 2021, Scott Bluestein was appointed the CEO, bringing extensive experience in financial services and technology. The management team also includes experienced finance, investment, and operations professionals, providing the company with a strong foundation for growth and success.

Hercules Capital has maintained strong financial performance over the past few years. The company reports net investment income up yearly for the past several years. The company's net investment portfolio has grown significantly over several years. Hercules Capital has a strong balance sheet, with manageable debt levels and in line with industry standards. The company has consistently paid dividends to its shareholders, providing a steady source of income for investors. Hercules Capital's valuation metrics are competitive with industry peers. The company's price-to-earnings ratio and price-to-book are slightly below industry averages. These metrics suggest that Hercules Capital's stock is attractively priced relative to its peers, presenting an opportunity for investors. Hercules Capital's stock has performed well in recent years, reflecting the company's strong financial performance and strategic positioning. The stock has also consistently outperformed the S&P 500 index, demonstrating the market's confidence in the company's prospects.

Hercules Capital operates in the specialty finance industry, funding companies typically not served by traditional banks or financial institutions. The industry is highly competitive, with many players vying for market share. However, Hercules Capital has a strong track record of success and a well-established reputation in the industry, positioning the company for continued growth. The industry is also subject to regulatory and political risks, which could impact the ability of companies to raise capital and achieve their growth objectives.

Hercules Capital has identified several potential growth opportunities, including expanding its lending activities into new markets and sectors. The company has also been actively pursuing acquisitions of complementary businesses, which could diversify its revenue streams and provide additional growth potential. Additionally, the company has been investing in emerging technologies, such as blockchain and artificial intelligence, which could offer new opportunities for growth and innovation.

Like any company, Hercules Capital faces risks and challenges that could impact its financial performance and growth prospects. One of the key risks is the potential for changes in consumer preferences or market conditions, which could affect the demand for its services. Additionally, the industry is subject to regulatory and political risks that could impact the availability and cost of funding and the economy's overall health. Another potential risk is the impact of interest rate fluctuations on the company's cost of capital and profitability.

Furthermore, the company's success is closely tied to the performance of its portfolio companies. Any adverse developments or challenges these companies face could decrease the value of the company's investment portfolio and thus impact Hercules Capital's financial performance.

In addition, the company operates in a highly competitive industry, where it faces competition from other specialty finance companies and traditional banks and financial institutions. If the company cannot differentiate itself and maintain its competitive advantage, it may lose market share and experience a decline in financial performance.

HTGC Stock Price History

HTGC Stock News Headlines

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Company Calendar

Ex-Dividend for 3/6 Dividend
2/27/2024
Dividend Payable
3/06/2024
Last Earnings
5/02/2024
Ex-Dividend for 5/21 Dividend
5/13/2024
Dividend Payable
5/21/2024
Today
5/25/2024
Next Earnings (Estimated)
8/01/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Investment offices, not elsewhere classified
Sub-Industry
N/A
CUSIP
42709650
Employees
100
Year Founded
2003

Price Target and Rating

Average Stock Price Target
$18.56
High Stock Price Target
$21.50
Low Stock Price Target
$15.00
Potential Upside/Downside
-4.4%
Consensus Rating
Hold
Rating Score (0-4)
2.43
Research Coverage
7 Analysts

Profitability

Net Income
$337.48 million
Pretax Margin
66.58%

Debt

Sales & Book Value

Annual Sales
$460.67 million
Cash Flow
$2.10 per share
Book Value
$11.63 per share

Miscellaneous

Free Float
159,096,000
Market Cap
$3.15 billion
Optionable
Optionable
Beta
1.32
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Key Executives


HTGC Stock Analysis - Frequently Asked Questions

Should I buy or sell Hercules Capital stock right now?

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Hercules Capital in the last year. There are currently 4 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" HTGC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in HTGC, but not buy additional shares or sell existing shares.
View HTGC analyst ratings
or view top-rated stocks.

What is Hercules Capital's stock price target for 2024?

7 Wall Street analysts have issued 12 month target prices for Hercules Capital's shares. Their HTGC share price targets range from $15.00 to $21.50. On average, they anticipate the company's stock price to reach $18.56 in the next year. This suggests that the stock has a possible downside of 4.4%.
View analysts price targets for HTGC
or view top-rated stocks among Wall Street analysts.

How have HTGC shares performed in 2024?

Hercules Capital's stock was trading at $16.67 at the start of the year. Since then, HTGC stock has increased by 16.4% and is now trading at $19.41.
View the best growth stocks for 2024 here
.

When is Hercules Capital's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 1st 2024.
View our HTGC earnings forecast
.

How were Hercules Capital's earnings last quarter?

Hercules Capital, Inc. (NYSE:HTGC) posted its earnings results on Thursday, May, 2nd. The financial services provider reported $0.50 EPS for the quarter, beating the consensus estimate of $0.48 by $0.02. The financial services provider earned $121.55 million during the quarter, compared to the consensus estimate of $121.86 million. Hercules Capital had a net margin of 69.98% and a trailing twelve-month return on equity of 18.35%. Hercules Capital's revenue was up 15.7% compared to the same quarter last year. During the same period last year, the firm posted $0.47 EPS.

How often does Hercules Capital pay dividends? What is the dividend yield for Hercules Capital?

Hercules Capital declared a quarterly dividend on Tuesday, April 30th. Investors of record on Tuesday, May 14th will be paid a dividend of $0.48 per share on Tuesday, May 21st. This represents a $1.92 dividend on an annualized basis and a yield of 9.89%. The ex-dividend date is Monday, May 13th.
Read our dividend analysis for HTGC
.

Is Hercules Capital a good dividend stock?

Hercules Capital (NYSE:HTGC) pays an annual dividend of $1.60 per share and currently has a dividend yield of 8.40%. HTGC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 72.73%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, HTGC will have a dividend payout ratio of 76.56% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for HTGC.

What is Scott Bluestein's approval rating as Hercules Capital's CEO?

3 employees have rated Hercules Capital Chief Executive Officer Scott Bluestein on Glassdoor.com. Scott Bluestein has an approval rating of 71% among the company's employees.

What other stocks do shareholders of Hercules Capital own?
Who are Hercules Capital's major shareholders?

Hercules Capital's stock is owned by a variety of institutional and retail investors. Top institutional investors include Sound Income Strategies LLC (1.68%), Van ECK Associates Corp (1.56%), Raymond James & Associates (0.48%), Melia Wealth LLC (0.44%), Gilman Hill Asset Management LLC (0.38%) and Confluence Investment Management LLC (0.24%). Insiders that own company stock include Christian Follmann, Gayle A Crowell, Scott Bluestein, Thomas J Fallon and Wade Loo.
View institutional ownership trends
.

How do I buy shares of Hercules Capital?

Shares of HTGC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:HTGC) was last updated on 5/26/2024 by MarketBeat.com Staff

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