NYSE:HTGC - Hercules Capital Stock Price, News, & Analysis

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$13.38 +0.01 (+0.07 %)
(As of 05/22/2019 04:57 AM ET)
Previous Close$13.37
Today's Range$13.37 - $13.49
52-Week Range$10.57 - $14.17
Volume427,683 shs
Average Volume736,324 shs
Market Capitalization$1.30 billion
P/E Ratio11.24
Dividend Yield9.57%
Beta1.02
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. The firm provides growth capital financing solutions for capital extension; management buy-out and corporate spin-out financing solutions; company, asset specific, or intellectual property acquisition financing; convertible, subordinated and/or mezzanine loans; domestic and international corporate expansion; vendor financing; revenue acceleration by sales and marketing development, and manufacturing expansion. It provides asset-based financing with a focus on cash flow; accounts receivable facilities; equipment loans or leases; equipment acquisition; facilities build-out and/or expansion; working capital revolving lines of credit; inventory. The firm also provides bridge financing to IPO or mergers and acquisitions or technology acquisition; dividend recapitalizations and other sources of investor liquidity; cash flow financing to protect against share price volatility; competitor acquisition; pre-IPO financing for extra cash on the balance sheet; public company financing to continue asset growth and production capacity; short-term bridge financing; and strategic and intellectual property acquisition financings. It also focuses on customized financing solutions, seed, startups, early stage, emerging growth, mid venture, and late venture financing. The firm invests primarily in structured debt with warrants and, to a lesser extent, in senior debt and equity investments. The firm generally seeks to invest in companies that have been operating for at least six to 12 months prior to the date of their investment. It prefers to invest in technology, energy technology, sustainable and renewable technology, and life sciences. Within technology the firm focuses on advanced specialty materials and chemicals; communication and networking, consumer and business products; consumer products and services, digital media and consumer internet; electronics and computer hardware; enterprise software and services; gaming; healthcare services; information services; business services; media, content and information; mobile; resource management; security software; semiconductors; semiconductors and hardware; and software sector. Within energy technology, it invests in agriculture; clean technology; energy and renewable technology, fuels and power technology; geothermal; smart grid and energy efficiency and monitoring technologies; solar; and wind. Within life sciences, the firm invests in biopharmaceuticals; biotechnology tools; diagnostics; drug discovery, development and delivery; medical devices and equipment; surgical devices; therapeutics; pharma services; and specialty pharmaceuticals. It also invests in educational services. The firm invests primarily in United States based companies and considers investment in the West Coast, Mid-Atlantic regions, Southeast and Midwest; particularly in the areas of software, biotech and information services. It invests generally between $1 million to $40 million in companies focused primarily on business services, communications, electronics, hardware, and healthcare services. The firm invests primarily in private companies but also have investments in public companies. For equity investments, the firm seeks to represent a controlling interest in its portfolio companies which may exceed 25% of the voting securities of such companies. The firm seeks to invest a limited portion of its assets in equipment-based loans to early-stage prospective portfolio companies. These loans are generally for amounts up to $3 million but may be up to $15 million for certain energy technology venture investments. The firm allows certain debt investments have the right to convert a portion of the debt investment into equity. It also co-invests with other private equity firms. The firm seeks to exit its investments through initial public offering, a private sale of equity interest to a third party, a merger or an acquisition of the company or a purchase of the equity position by the company or one of its stockholders. The firm has structured debt with warrants which typically have maturities of between two and seven years with an average of three years; senior debt with an investment horizon of less than three years; equipment loans with an investment horizon ranging from three to four years; and equity related securities with an investment horizon ranging from three to seven years. The firm prefers to invest through its balance sheet capital. The firm formerly known as Hercules Technology Growth Capital, Inc. Hercules Capital, Inc. was founded in December 2003 and is based in Palo Alto, California with additional offices in Hartford, Connecticut; Boston, Massachusetts; Elmhurst, Illinois; Santa Monica, California; McLean, Virginia; New York, New York; Radnor, Pennsylvania; and Washington, District of Columbia.

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Industry, Sector and Symbol

Industry Investment offices, not elsewhere classified
Sub-IndustryN/A
SectorFinance
CUSIP42709650
Phone650-289-3060

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$207.75 million
Cash Flow$1.1925 per share
Book Value$10.19 per share

Profitability

Net Income$76.50 million

Miscellaneous

Employees69
Market Cap$1.30 billion
Next Earnings Date8/1/2019 (Estimated)
OptionableOptionable

Hercules Capital (NYSE:HTGC) Frequently Asked Questions

What is Hercules Capital's stock symbol?

Hercules Capital trades on the New York Stock Exchange (NYSE) under the ticker symbol "HTGC."

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

Hercules Capital announced a quarterly dividend on Friday, May 3rd. Shareholders of record on Monday, May 13th will be paid a dividend of $0.32 per share on Monday, May 20th. This represents a $1.28 dividend on an annualized basis and a yield of 9.57%. The ex-dividend date of this dividend is Friday, May 10th. This is a positive change from Hercules Capital's previous quarterly dividend of $0.31. View Hercules Capital's Dividend History.

How were Hercules Capital's earnings last quarter?

Hercules Capital Inc (NYSE:HTGC) announced its quarterly earnings results on Thursday, May, 2nd. The financial services provider reported $0.30 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.31 by $0.01. The financial services provider had revenue of $58.80 million for the quarter, compared to the consensus estimate of $59.36 million. Hercules Capital had a return on equity of 11.71% and a net margin of 60.65%. Hercules Capital's revenue was up 20.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.34 earnings per share. View Hercules Capital's Earnings History.

When is Hercules Capital's next earnings date?

Hercules Capital is scheduled to release their next quarterly earnings announcement on Thursday, August 1st 2019. View Earnings Estimates for Hercules Capital.

What price target have analysts set for HTGC?

6 Wall Street analysts have issued 1-year target prices for Hercules Capital's stock. Their predictions range from $11.50 to $15.00. On average, they expect Hercules Capital's share price to reach $13.6250 in the next year. This suggests a possible upside of 1.8% from the stock's current price. View Analyst Price Targets for Hercules Capital.

What is the consensus analysts' recommendation for Hercules Capital?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Hercules Capital in the last year. There are currently 5 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Hercules Capital.

Has Hercules Capital been receiving favorable news coverage?

News articles about HTGC stock have trended neutral on Wednesday, InfoTrie Sentiment reports. The research firm rates the sentiment of press coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Hercules Capital earned a news impact score of 0.2 on InfoTrie's scale. They also assigned media coverage about the financial services provider a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the company's share price in the near term.

Who are some of Hercules Capital's key competitors?

What other stocks do shareholders of Hercules Capital own?

Who are Hercules Capital's key executives?

Hercules Capital's management team includes the folowing people:
  • Mr. Scott Bluestein, Interim Chief Exec. Officer & Chief Investment Officer (Age 41)
  • Ms. Melanie Grace, Chief Compliance Officer, Gen. Counsel & Corp. Sec. (Age 50)
  • Mr. David Michael Lund, Advisor (Age 65)
  • Mr. Roy Y. Liu, Managing Director (Age 58)
  • Mr. Bryan R. Jadot, Sr. Managing Director (Age 55)

Who are Hercules Capital's major shareholders?

Hercules Capital's stock is owned by many different of retail and institutional investors. Top institutional shareholders include SHANDA ASSET MANAGEMENT HOLDINGS Ltd (2.47%), Granite Investment Partners LLC (1.36%), Sound Income Strategies LLC (1.30%), Muzinich & Co. Inc. (1.22%), Confluence Investment Management LLC (0.86%) and Ares Management LLC (0.60%). View Institutional Ownership Trends for Hercules Capital.

Which major investors are selling Hercules Capital stock?

HTGC stock was sold by a variety of institutional investors in the last quarter, including Neuberger Berman Group LLC, Ares Management LLC, Monarch Partners Asset Management LLC, Muzinich & Co. Inc., Opus Capital Group LLC, Optimum Investment Advisors, Mckinley Capital Management LLC Delaware and LSV Asset Management. View Insider Buying and Selling for Hercules Capital.

Which major investors are buying Hercules Capital stock?

HTGC stock was acquired by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., SHANDA ASSET MANAGEMENT HOLDINGS Ltd, Bank of Montreal Can, Granite Investment Partners LLC, The Manufacturers Life Insurance Company , Alphasimplex Group LLC, A. D. Beadell Investment Counsel Inc. and Sound Income Strategies LLC. View Insider Buying and Selling for Hercules Capital.

How do I buy shares of Hercules Capital?

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

What is Hercules Capital's stock price today?

One share of HTGC stock can currently be purchased for approximately $13.38.

How big of a company is Hercules Capital?

Hercules Capital has a market capitalization of $1.30 billion and generates $207.75 million in revenue each year. The financial services provider earns $76.50 million in net income (profit) each year or $1.19 on an earnings per share basis. Hercules Capital employs 69 workers across the globe.

What is Hercules Capital's official website?

The official website for Hercules Capital is http://www.htgc.com/.

How can I contact Hercules Capital?

Hercules Capital's mailing address is 400 HAMILTON AVE SUITE 310, PALO ALTO CA, 94301. The financial services provider can be reached via phone at 650-289-3060 or via email at [email protected]


MarketBeat Community Rating for Hercules Capital (NYSE HTGC)

Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  359 (Vote Outperform)
Underperform Votes:  389 (Vote Underperform)
Total Votes:  748
MarketBeat's community ratings are surveys of what our community members think about Hercules Capital and other stocks. Vote "Outperform" if you believe HTGC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe HTGC will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 5/22/2019 by MarketBeat.com Staff

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