Hercules Capital

HTGC

Market cap $3.49B

Overview Fund Activity

19.22 USD

+0.10

0.52%

At close Updated Sep 17, 4:00 PM EDT

Pre-market

After hours

19.39

+0.17

0.88%

1 day

0.52%

5 days

-0.67%

1 month

0.58%

3 months

7.98%

6 months

2.02%

Year to date

-5.69%

1 year

-1.39%

5 years

66.26%

10 years

70.84%

About: Hercules Capital Inc is a specialty finance company that provides senior secured loans to high-growth, venture capital-backed companies in various 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

Financials Asset Management

0

Funds holding %

of 7,463 funds

0

Analysts bullish %

of 3 analysts

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

62% more repeat investments, than reductions

Existing positions increased: 138 | Existing positions reduced: 85

21% more capital invested

Capital invested by funds: $774M [Q1] → $938M (+$163M) [Q2]

3.03% more ownership

Funds ownership: 23.29% [Q1] → 26.32% (+3.03%) [Q2]

6% more first-time investments, than exits

New positions opened: 38 | Existing positions closed: 36

0% more funds holding

Funds holding: 322 [Q1] → 322 (+0) [Q2]

0% more funds holding in top 10

Funds holding in top 10: 4 [Q1] → 4 (+0) [Q2]

50% less call options, than puts

Call options by funds: $5.7M | Put options by funds: $11.4M

See Fund Rankings

Research analyst outlook

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

Low target

$19

1% downside

Avg. target

$21

11% upside

High target

$24

25% upside

3 analyst ratings

2 positive

67%

1 neutral

33%

0 negative

0%

JMP Securities Devin Ryan	$24	Market Outperform Maintained	4 Aug 2025
Piper Sandler Crispin Love	$21	Overweight Maintained	1 Aug 2025
UBS Vilas Abraham	$19	Neutral Maintained	16 Jul 2025

See Analyst Rankings

Financial journalist opinion

Based on 8 articles about HTGC published over the past 30 days

Zacks Investment Research

Hercules Capital (HTGC) Stock Slides as Market Rises: Facts to Know Before You Trade

In the latest trading session, Hercules Capital (HTGC) closed at $19.13, marking a -1.59% move from the previous day.

Hercules Capital (HTGC) Stock Slides as Market Rises: Facts to Know Before You Trade

The Worst Setup For BDCs In Years

BDCs have outperformed over the past half-decade. However, macro and sector conditions are shifting rapidly. This could be the toughest environment BDCs have faced in years.

The Worst Setup For BDCs In Years

Zacks Investment Research

Hercules Capital (HTGC) Outperforms Broader Market: What You Need to Know

In the latest trading session, Hercules Capital (HTGC) closed at $19.45, marking a +1.14% move from the previous day.

Hercules Capital (HTGC) Outperforms Broader Market: What You Need to Know

Hercules Capital: A 9.78% Dividend Yield From U.S. Venture Debt

Hercules Capital's dividend coverage is robust, with NII covering 125% of the base dividend and 106% of the aggregate payout. The BDC is growing its investment portfolio rapidly, with record origination volumes and a conservative debt-to-equity ratio of 0.97x. Fed rate cuts are likely to pressure net income, making dividend safety and portfolio growth key differentiators among BDCs.

Hercules Capital: A 9.78% Dividend Yield From U.S. Venture Debt

Hercules Capital: Why The 62% NAV Premium Is Worth It

Hercules Capital remains a top BDC pick due to consistent net investment income growth, robust dividend coverage, and exceptional balance sheet quality. Despite trading at a significant premium to NAV, strong fundamentals and record gross fundings in Q2 2025 justify the valuation and support future dividend growth potential. The investment firm excels in the technology and life science sectors, maintaining one of the industry's lowest non-accrual rates and making net interest margin gains in Q2.

Hercules Capital: Why The 62% NAV Premium Is Worth It

Zacks Investment Research

Hercules Capital BBB+ Credit Rating Affirmed by KBRA, Outlook Stable

HTGC's BBB+ credit rating with stable outlook gets affirmed by KBRA, backed by a strong portfolio, risk management and capital access.

Hercules Capital BBB+ Credit Rating Affirmed by KBRA, Outlook Stable

Zacks Investment Research

Wall Street Bulls Look Optimistic About Hercules Capital (HTGC): Should You Buy?

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?

Wall Street Bulls Look Optimistic About Hercules Capital (HTGC): Should You Buy?

Hercules Capital Receives a BBB+ Affirmed Investment Grade Corporate and Credit Rating from Kroll Bond Rating Agency, Inc.

SAN MATEO, Calif.--(BUSINESS WIRE)--Hercules Capital, Inc. (NYSE: HTGC) (“Hercules” or the “Company”), the largest and leading specialty financing provider to innovative venture, growth and established stage companies backed by some of the leading and top-tier venture capital and select private equity firms, today announced that Kroll Bond Rating Agency, Inc. (“KBRA”) has affirmed Hercules' investment grade corporate and credit rating of BBB+. KBRA issued a statement announcing the affirmation.

Hercules Capital Receives a BBB+ Affirmed Investment Grade Corporate and Credit Rating from Kroll Bond Rating Agency, Inc.

BDC Weekly Review: Tight Spreads Keep A Lid On Net Income

We take a look at the action in business development companies through the first week of August and highlight some of the key themes we are watching. BDCs underperformed despite strong early earnings, with sector valuations dipping below historical averages. Tight lending spreads continue to pressure BDC net income.

BDC Weekly Review: Tight Spreads Keep A Lid On Net Income

Hercules Capital: Attractive 9.7% Yield BDC, VC/Pre-IPO Growth

Business Development Companies offer income-focused investors access to big-yield private credit opportunities, traded on the public market. Hercules Capital is a standout among the group for its differentiated strategy, consistent long-term growth, and big quarterly dividend payments to investors. This report reviews Hercules' business strategy, growth, dividend safety, valuation, and risks, and then concludes with my strong opinion on investing.

Hercules Capital: Attractive 9.7% Yield BDC, VC/Pre-IPO Growth

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