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

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$12.40 +0.10 (+0.81 %)
(As of 03/25/2019 01:43 PM ET)
Previous Close$12.30
Today's Range$12.2830 - $12.40
52-Week Range$10.57 - $14.17
Volume275,905 shs
Average Volume1.65 million shs
Market Capitalization$1.20 billion
P/E Ratio10.42
Dividend Yield10.08%
Beta1.04
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$1.1992 per share
Book Value$9.88 per share

Profitability

Net Income$76.50 million

Miscellaneous

Employees69
Market Cap$1.20 billion
Next Earnings Date5/2/2019 (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, February 22nd. Shareholders of record on Monday, March 4th will be paid a dividend of $0.31 per share on Monday, March 11th. This represents a $1.24 annualized dividend and a yield of 10.00%. The ex-dividend date of this dividend is Friday, March 1st. View Hercules Capital's Dividend History.

How were Hercules Capital's earnings last quarter?

Hercules Capital Inc (NYSE:HTGC) issued its quarterly earnings results on Thursday, February, 21st. The financial services provider reported $0.32 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.31 by $0.01. The financial services provider earned $56.89 million during the quarter, compared to analysts' expectations of $54.87 million. Hercules Capital had a return on equity of 11.90% and a net margin of 36.82%. The company's quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.29 EPS. 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, May 2nd 2019. View Earnings Estimates for Hercules Capital.

What price target have analysts set for HTGC?

6 brokers have issued twelve-month target prices for Hercules Capital's stock. Their forecasts range from $11.50 to $14.50. On average, they expect Hercules Capital's stock price to reach $13.1667 in the next year. This suggests a possible upside of 6.2% 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 4 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Hercules Capital.

Has Hercules Capital been receiving favorable news coverage?

Media stories about HTGC stock have been trending positive on Monday, according to InfoTrie. InfoTrie ranks the sentiment of media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Hercules Capital earned a media sentiment score of 3.0 on InfoTrie's scale. They also gave news coverage about the financial services provider a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the company's share price in the immediate future.

Are investors shorting Hercules Capital?

Hercules Capital saw a increase in short interest in the month of February. As of February 28th, there was short interest totalling 1,896,266 shares, an increase of 55.6% from the February 15th total of 1,218,887 shares. Based on an average daily volume of 953,489 shares, the short-interest ratio is presently 2.0 days. Currently, 2.0% of the shares of the company are short sold. View Hercules Capital's Current Options Chain.

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. Manuel A. Henriquez, Founder, Chairman, Pres & CEO (Age 56)
  • Mr. Scott Bluestein, 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)

Who are Hercules Capital's major shareholders?

Hercules Capital's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include SHANDA ASSET MANAGEMENT HOLDINGS Ltd (2.17%), Sound Income Strategies LLC (1.21%), Sound Income Strategies LLC (1.21%), Granite Investment Partners LLC (1.17%), Sound Income Strategies LLC (1.12%) and Van ECK Associates Corp (0.76%). 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 Citigroup Inc., Northpointe Capital LLC, Granite Investment Partners LLC, Two Sigma Investments LP, Two Sigma Advisers LP, Sound Income Strategies LLC, Sumitomo Mitsui Asset Management Company LTD and Bank of New York Mellon Corp. View Insider Buying and Selling for Hercules Capital.

Which major investors are buying Hercules Capital stock?

HTGC stock was purchased by a variety of institutional investors in the last quarter, including SHANDA ASSET MANAGEMENT HOLDINGS Ltd, Monarch Partners Asset Management LLC, California Public Employees Retirement System, Mckinley Capital Management LLC Delaware, Legal & General Group Plc, Delphi Management Inc. MA, Opus Capital Group LLC and PNC Financial Services Group Inc.. 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 $12.40.

How big of a company is Hercules Capital?

Hercules Capital has a market capitalization of $1.20 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:  351 (Vote Outperform)
Underperform Votes:  379 (Vote Underperform)
Total Votes:  730
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 3/25/2019 by MarketBeat.com Staff

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