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NYSE:HTGC

Hercules Capital - HTGC Stock Forecast, Price & News

$14.08
-0.08 (-0.56%)
(As of 12/1/2022 02:22 PM ET)
Add
Compare
Today's Range
$14.06
$14.23
50-Day Range
$11.45
$14.92
52-Week Range
$11.16
$19.09
Volume
12,557 shs
Average Volume
963,696 shs
Market Capitalization
$1.83 billion
P/E Ratio
44.00
Dividend Yield
10.26%
Price Target
$15.64

Hercules Capital MarketRank™ Forecast

Analyst Rating
Hold
2.43 Rating Score
Upside/​Downside
10.9% Upside
$15.64 Price Target
Short Interest
Bearish
5.94% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Selling Shares
$1.42 M Sold Last Quarter
Proj. Earnings Growth
22.38%
From $1.43 to $1.75 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.05 out of 5 stars

Finance Sector

674th out of 912 stocks

Investment Offices, Not Elsewhere Classified Industry

6th out of 10 stocks

HTGC stock logo

About Hercules Capital (NYSE:HTGC) Stock

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, 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. The firm prefers to invest between $10 million to $250 million in equity per transactions. 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 Connecticut; Boston, Massachusetts; San Diego, California; Westport, Connecticut; Elmhurst, Illinois; Santa Monica, California; McLean, Virginia; New York, New York; Radnor, Pennsylvania; and Washington, District of Columbia and London, United Kingdom.

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HTGC Stock News Headlines

Tricida announces $125M debt facility
Hercules 11.5% Yield: 40 Big-Dividend BDCs Compared
Alladapt Announces Loan Agreement with Hercules Capital
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HTGC Company Calendar

Last Earnings
10/28/2021
Ex-Dividend for 11/17 Dividend
11/09/2022
Dividend Payable
11/17/2022
Today
12/01/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
2/28/2023

Industry, Sector and Symbol

Industry
Investment offices, not elsewhere classified
Sub-Industry
N/A
Sector
Finance
CUSIP
42709650
Employees
90
Year Founded
2003

Price Target and Rating

Average Stock Price Forecast
$15.64
High Stock Price Forecast
$18.00
Low Stock Price Forecast
$13.00
Forecasted Upside/Downside
+11.1%
Consensus Rating
Hold
Rating Score (0-4)
2.43
Research Coverage
7 Analysts

Profitability

Net Income
$174.15 million
Pretax Margin
56.56%

Debt

Sales & Book Value

Annual Sales
$280.98 million
Cash Flow
$1.36 per share
Book Value
$10.47 per share

Miscellaneous

Free Float
128,327,000
Market Cap
$1.83 billion
Optionable
Optionable
Beta
1.46

Key Executives

  • Mr. Scott Bluestein (Age 44)
    CEO, Chief Investment Officer, Pres & Director
    Comp: $3.96M
  • Mr. Seth Hardy Meyer (Age 53)
    CFO & Chief Accounting Officer
    Comp: $1.54M
  • Mr. Christian Follmann (Age 39)
    Chief Operating Officer
  • Mr. Steve Kuo (Age 47)
    Sr. MD & Group Head of Technology
  • Mr. Michael W. Hara
    Managing Director of Investor Relations & Corp. Communications
  • Ms. Kiersten Zaza Botelho (Age 36)
    Gen. Counsel & Chief Compliance Officer
  • Ms. Kate Kinlin
    VP of HR
  • Mr. Roy Y. Liu (Age 61)
    Managing Director
  • Mr. R. Bryan Jadot (Age 58)
    Sr. MD & Group Head of Life Sciences
  • Mr. Michael Bowden
    Managing Director of Portfolio Management













HTGC Stock - Frequently Asked Questions

Should I buy or sell Hercules Capital stock right now?

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Hercules Capital in the last twelve months. There are currently 4 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street 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 forecast for 2023?

7 Wall Street analysts have issued 1-year price targets for Hercules Capital's stock. Their HTGC share price forecasts range from $13.00 to $18.00. On average, they expect the company's stock price to reach $15.64 in the next twelve months. This suggests a possible upside of 10.5% from the stock's current price.
View analysts price targets for HTGC
or view top-rated stocks among Wall Street analysts.

How have HTGC shares performed in 2022?

Hercules Capital's stock was trading at $16.59 at the start of the year. Since then, HTGC stock has decreased by 14.6% and is now trading at $14.16.
View the best growth stocks for 2022 here
.

Are investors shorting Hercules Capital?

Hercules Capital saw a increase in short interest in October. As of October 31st, there was short interest totaling 7,390,000 shares, an increase of 7.9% from the October 15th total of 6,850,000 shares. Based on an average daily volume of 1,070,000 shares, the days-to-cover ratio is presently 6.9 days.
View Hercules Capital's Short Interest
.

When is Hercules Capital's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 28th 2023.
View our HTGC earnings forecast
.

How were Hercules Capital's earnings last quarter?

Hercules Capital, Inc. (NYSE:HTGC) posted its earnings results on Thursday, October, 28th. The financial services provider reported $0.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.32 by $0.01. The financial services provider had revenue of $70.19 million for the quarter, compared to the consensus estimate of $71.13 million. Hercules Capital had a net margin of 14.72% and a trailing twelve-month return on equity of 12.47%. The business's revenue for the quarter was down .2% on a year-over-year basis. During the same period last year, the business earned $0.34 EPS.

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

Hercules Capital announced a quarterly dividend on Tuesday, October 18th. Shareholders of record on Thursday, November 10th will be given a dividend of $0.36 per share on Thursday, November 17th. This represents a $1.44 annualized dividend and a dividend yield of 10.17%. The ex-dividend date of this dividend is Wednesday, November 9th. This is a boost from the stock's previous quarterly dividend of $0.35.
Read our dividend analysis for HTGC
.

Is Hercules Capital a good dividend stock?

Hercules Capital (NYSE:HTGC) pays an annual dividend of $1.44 per share and currently has a dividend yield of 10.26%. HTGC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 450.01%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, HTGC will have a dividend payout ratio of 82.29% 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?
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 many different retail and institutional investors. Top institutional investors include Sound Income Strategies LLC (1.73%), Van ECK Associates Corp (1.32%), Border to Coast Pensions Partnership Ltd (0.86%), BlackRock Inc. (0.78%), Advisors Capital Management LLC (0.74%) and Two Sigma Advisers LP (0.73%). Insiders that own company stock include Carol L Foster, 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Hercules Capital's stock price today?

One share of HTGC stock can currently be purchased for approximately $14.16.

How much money does Hercules Capital make?

Hercules Capital (NYSE:HTGC) has a market capitalization of $1.84 billion and generates $280.98 million in revenue each year. The financial services provider earns $174.15 million in net income (profit) each year or $0.32 on an earnings per share basis.

How can I contact Hercules Capital?

Hercules Capital's mailing address is 400 HAMILTON AVE SUITE 310, PALO ALTO CA, 94301. The official website for the company is www.htgc.com. The financial services provider can be reached via phone at (650) 289-3060, via email at mhara@htgc.com, or via fax at 650-473-9194.

This page (NYSE:HTGC) was last updated on 12/1/2022 by MarketBeat.com Staff