Hercules Capital
HTGC

$19.58

0.05%

Market Cap: $3.18B

About: Hercules Capital Inc is a specialty finance company engaged in providing senior secured loans to high-growth, venture capital-backed companies in a variety of technology, life sciences, and sustainable and renewable technology industries. It invests majorly in structured debt with warrants and, to a lesser extent, in senior debt and equity investments. The company lends to and invests in portfolio companies in various technology-related industries including technology, drug discovery and development, biotechnology, life sciences, healthcare, and sustainable and renewable technology.

Employees: 100

0

Funds holding %

of 6,728 funds

0

Analysts bullish %

of 4 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

45% more repeat investments, than reductions

Existing positions increased: 116 | Existing positions reduced: 80

14% more call options, than puts

Call options by funds: $10.7M | Put options by funds: $9.41M

0% more funds holding in top 10

Funds holding in top 10: 6 [Q1] → 6 (+0) [Q2]

0% less capital invested

Capital invested by funds: $651M [Q1] → $649M (-$2.05M) [Q2]

2.23% less ownership

Funds ownership: 22.01% [Q1] → 19.78% (-2.23%) [Q2]

3% less funds holding

Funds holding: 291 [Q1] → 281 (-10) [Q2]

26% less first-time investments, than exits

New positions opened: 29 | Existing positions closed: 39

See Fund Rankings

Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$22

12%

upside

Avg. target

$22

13%

upside

High target

$23

15%

upside

4 analyst ratings

4 positive

100%

0 neutral

0%

0 negative

0%

Piper Sandler Crispin Love 60% 1-year accuracy 15 / 25 met price target	15%upside $23	Overweight Maintained	2 Aug 2024
JMP Securities Devin Ryan 58% 1-year accuracy 38 / 66 met price target	12%upside $22	Market Outperform Maintained	30 Jul 2024
Wells Fargo Finian O'Shea 60% 1-year accuracy 15 / 25 met price target	12%upside $22	Overweight Maintained	26 Jul 2024
Piper Sandler Crispin Love 60% 1-year accuracy 15 / 25 met price target	12%upside $22	Overweight Maintained	10 Jul 2024

See Analyst Rankings

Financial journalist opinion

Based on 11 articles about HTGC published over the past 30 days

Zacks Investment Research

Rise in Customized Financing Aids Hercules Capital Amid Cost Woes

HTGC's top line is expected to keep improving, driven by the growing demand for customized financing. Rising expenses might hurt its profits.

Rise in Customized Financing Aids Hercules Capital Amid Cost Woes

Zacks Investment Research

Hercules Capital (HTGC) Ascends But Remains Behind Market: Some Facts to Note

In the most recent trading session, Hercules Capital (HTGC) closed at $19.57, indicating a +0.57% shift from the previous trading day.

Hercules Capital (HTGC) Ascends But Remains Behind Market: Some Facts to Note

Is Hercules Capital Worthy Of Its Name? Volatility Is Coming

Hercules Capital is a top-tier BDC with a strong track record, focusing on first-lien debt investments across five sectors from the 'new economy'. HTGC's floating-rate loans benefit from high-interest rates, but potential rate cuts could impact income while lowering debt costs and improving deal sourcing. Rising non-accruals and tighter liquidity are concerns, reflecting broader economic challenges and increasing risks in the BDC sector.

Is Hercules Capital Worthy Of Its Name? Volatility Is Coming

Zacks Investment Research

Hercules Capital (HTGC) Laps the Stock Market: Here's Why

Hercules Capital (HTGC) concluded the recent trading session at $19.38, signifying a +1.73% move from its prior day's close.

Hercules Capital (HTGC) Laps the Stock Market: Here's Why

Hercules Capital: The Yield And Underlying Value Remain Attractive

Hercules Capital is my only VC-focused BDC with a buy rating, mainly due to its disciplined credit underwriting and defensive yield. Since my initial January 2024 thesis, HTGC has delivered significant alpha relative to the BDC index, clearly validating my investment stance. Despite a sharp decline post-Q2 2024 earnings, HTGC's fundamentals remain strong, warranting continued confidence in its cash generation and dividend coverage.

Hercules Capital: The Yield And Underlying Value Remain Attractive

The Motley Fool

1 Ultra-High-Yield Dividend Stock You'll Want to Have on Your Radar as Rate Cuts Loom

Interest rate cuts could finally arrive in September. Business development companies (BDC) could be particular beneficiaries of lower rates.

1 Ultra-High-Yield Dividend Stock You'll Want to Have on Your Radar as Rate Cuts Loom

Market Jitters, Dividend Winners: 2 High-Yields To Buy Now

Recent market volatility has created attractive buying opportunities in high-yield stocks like Hercules Capital and Plains All American. HTGC offers a 10.4% total dividend yield, driven by a low-cost structure, strong portfolio performance, and robust operating fundamentals. PAA provides a very well-covered 7.3% distribution yield, supported by growing volumes, strong liquidity, and disciplined capital allocation.

Market Jitters, Dividend Winners: 2 High-Yields To Buy Now

Arcus Biosciences Secures Up to $250 Million Term Loan Facility from Hercules Capital

HAYWARD, Calif.--(BUSINESS WIRE)--Arcus Biosciences, Inc. (NYSE:RCUS), a clinical-stage, global biopharmaceutical company focused on developing differentiated molecules and combination therapies for people with cancer, today reported it has obtained a $250 million term loan facility from Hercules Capital, Inc. (NYSE: HTGC), a leader in customized debt financing for companies in life sciences and technology-related markets. The additional capital strengthens Arcus's balance sheet and increases f.

Arcus Biosciences Secures Up to $250 Million Term Loan Facility from Hercules Capital

Hercules Capital: This 10% Yield Is On Sale (Rating Upgrade)

Hercules Capital's valuation corrected at the beginning of the month due to economic concerns, but second-quarter earnings were strong. The BDC focuses on technology, life sciences, and renewable technology industries, with a debt portfolio valued at $3.41B in Q2'24. Portfolio and income trends are positive. Hercules Capital delivered 9% Y/Y NII growth in Q2'24.

Hercules Capital: This 10% Yield Is On Sale (Rating Upgrade)

24/7 Wall Street

5 High-Yield Dividend Stocks Under $20 Are Perfect Passive Income Ideas

24/7 Wall St. Insights Dividend stocks will come into favor as rates are lowered over the next two years.

5 High-Yield Dividend Stocks Under $20 Are Perfect Passive Income Ideas

See News Rankings