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NYSE:HTGC

Hercules Capital Stock Forecast, Price & News

$11.50
-0.06 (-0.52 %)
(As of 09/18/2020 12:00 AM ET)
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Today's Range
$11.47
Now: $11.50
$11.69
50-Day Range
$10.92
MA: $11.35
$11.97
52-Week Range
$5.42
Now: $11.50
$16.40
Volume582,789 shs
Average Volume1.06 million shs
Market Capitalization$1.31 billion
P/E Ratio13.07
Dividend Yield11.07%
Beta1.55
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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Hercules Capital logo

Beat the Market (BTM) Rank

Analyst Opinion: 1.5Community Rank: 2.4Dividend Strength: 1.7Insider Behavior: 0.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.49 out of 5 stars


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$267.87 million
Cash Flow$1.44 per share
Book Value$10.83 per share

Profitability

Net Income$173.60 million

Miscellaneous

Employees69
Market Cap$1.31 billion
Next Earnings Date11/4/2020 (Estimated)
OptionableOptionable
$11.50
-0.06 (-0.52 %)
(As of 09/18/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Hercules Capital (NYSE:HTGC) Frequently Asked Questions

How has Hercules Capital's stock price been impacted by Coronavirus?

Hercules Capital's stock was trading at $12.20 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, HTGC shares have decreased by 5.7% and is now trading at $11.50.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Hercules Capital?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Hercules Capital in the last year. There are currently 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Hercules Capital
.

When is Hercules Capital's next earnings date?

Hercules Capital is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020.
View our earnings forecast for Hercules Capital
.

How were Hercules Capital's earnings last quarter?

Hercules Capital Inc (NYSE:HTGC) released its quarterly earnings data on Thursday, July, 30th. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.33 by $0.01. The financial services provider had revenue of $67.97 million for the quarter, compared to the consensus estimate of $69.34 million. Hercules Capital had a net margin of 34.44% and a return on equity of 13.86%.
View Hercules Capital's earnings history
.

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

Hercules Capital declared a quarterly dividend on Wednesday, July 29th. Shareholders of record on Monday, August 10th will be given a dividend of $0.32 per share on Monday, August 17th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 11.13%. The ex-dividend date is Friday, August 7th.
View Hercules Capital's dividend history
.

What price target have analysts set for HTGC?

8 brokers have issued 1 year price objectives for Hercules Capital's shares. Their forecasts range from $10.00 to $13.50. On average, they anticipate Hercules Capital's stock price to reach $11.91 in the next twelve months. This suggests a possible upside of 3.5% from the stock's current price.
View analysts' price targets for Hercules Capital
.

Are investors shorting Hercules Capital?

Hercules Capital saw a decrease in short interest in August. As of August 31st, there was short interest totaling 1,270,000 shares, a decrease of 17.0% from the August 15th total of 1,530,000 shares. Based on an average daily trading volume, of 808,300 shares, the short-interest ratio is presently 1.6 days.
View Hercules Capital's Short Interest
.

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 following 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)

What is Hercules Capital's stock symbol?

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

Who are Hercules Capital's major shareholders?

Hercules Capital's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Sound Income Strategies LLC (1.84%), Granite Investment Partners LLC (1.18%), Advisors Capital Management LLC (0.99%), Sumitomo Mitsui Trust Holdings Inc. (1.00%), Assenagon Asset Management S.A. (0.48%) and Stifel Financial Corp (0.43%).
View institutional ownership trends for Hercules Capital
.

Which institutional investors are selling Hercules Capital stock?

HTGC stock was sold by a variety of institutional investors in the last quarter, including Macquarie Group Ltd., Bank of Montreal Can, Sound Income Strategies LLC, Virtus ETF Advisers LLC, Baird Financial Group Inc., Confluence Investment Management LLC, Janney Montgomery Scott LLC, and Neuberger Berman Group LLC.
View insider buying and selling activity for Hercules Capital
.

Which institutional investors are buying Hercules Capital stock?

HTGC stock was purchased by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Miller Howard Investments Inc. NY, Sumitomo Mitsui Trust Holdings Inc., Marshall Wace North America L.P., Marshall Wace LLP, UBS Group AG, Gilman Hill Asset Management LLC, and Tudor Investment Corp Et Al.
View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Hercules Capital's stock price today?

One share of HTGC stock can currently be purchased for approximately $11.50.

How big of a company is Hercules Capital?

Hercules Capital has a market capitalization of $1.31 billion and generates $267.87 million in revenue each year. The financial services provider earns $173.60 million in net income (profit) each year or $1.41 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 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]

This page was last updated on 9/20/2020 by MarketBeat.com Staff

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