Hercules CapitalHTGC
HTGC
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
0
Funds holding %
of 7,312 funds
–
Analysts bullish %
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
83% more repeat investments, than reductions
Existing positions increased: 143 | Existing positions reduced: 78
2% more capital invested
Capital invested by funds: $759M [Q4 2024] → $774M (+$14.9M) [Q1 2025]
0.74% more ownership
Funds ownership: 22.55% [Q4 2024] → 23.29% (+0.74%) [Q1 2025]
0% more funds holding in top 10
Funds holding in top 10: 4 [Q4 2024] → 4 (+0) [Q1 2025]
3% less first-time investments, than exits
New positions opened: 37 | Existing positions closed: 38
3% less funds holding
Funds holding: 329 [Q4 2024] → 320 (-9) [Q1 2025]
38% less call options, than puts
Call options by funds: $7.84M | Put options by funds: $12.6M
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$18
5%
downside
Avg. target
$18.50
2%
downside
High target
$19
0%
upside
2 analyst ratings
1 positive
50%
1 neutral
50%
0 negative
0%
Wells Fargo Finian O'Shea | 0%upside $19 | Overweight Maintained | 28 Apr 2025 |
UBS Vilas Abraham | 5%downside $18 | Neutral Maintained | 17 Apr 2025 |
Financial journalist opinion
Based on 10 articles about HTGC published over the past 30 days
Positive
Zacks Investment Research
1 week ago
Hercules Capital (HTGC) Outperforms Broader Market: What You Need to Know
Hercules Capital (HTGC) closed the most recent trading day at $18.59, moving +1.36% from the previous trading session.
Neutral
Business Wire
1 week ago
Hercules Capital Receives Affirmed BBB- Investment Grade Corporate and Unsecured Credit Rating from Fitch Ratings, 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 Fitch Ratings, Inc. (“Fitch”) has affirmed Hercules' investment grade corporate and unsecured credit rating of BBB- with a stable outlook, as well as its underlying ana.
Negative
Seeking Alpha
2 weeks ago
Hercules Capital: Better Entry Point, But Further Potential Economic Weakening Keeps Me At Bay
I maintain my Hold rating on Hercules Capital due to premium valuation, economic uncertainty, and recent earnings misses despite strong fundamentals. Dividend coverage remains solid, supported by spillover income and strong liquidity, but rising payment-in-kind income signals potential portfolio risk. Portfolio growth and recent investment activity could boost future earnings, though lower base rates and fee income are headwinds.
Positive
Seeking Alpha
2 weeks ago
17 Ideal 'Safer' Dividend Dogs To Buy Out Of 72 June Graham Value All-Stars
I use YCharts' Value Score and Ben Graham Formula Value All Stars, or GASV, to identify large-cap stocks offering strong value and dividend safety. Seventeen out of twenty-four "safer" lowest-priced Dividend Dogs of the GASV are currently fair-priced and ready to buy for income investors. Top ten GASV stocks offer projected average net gains of 32.99% by June 2026, with yields ranging from 8.94% to 13.81%.
Positive
Zacks Investment Research
2 weeks ago
Hercules Capital (HTGC) Surpasses Market Returns: Some Facts Worth Knowing
The latest trading day saw Hercules Capital (HTGC) settling at $18.08, representing a +1.57% change from its previous close.
Neutral
Seeking Alpha
3 weeks ago
Hercules Capital: Buyable, But Proceed With Caution (Rating Downgrade)
Hercules Capital, Inc.'s focus on first-lien, floating rate debt in tech and life sciences offers stability, but growth will likely slow as rates fall. HTGC stock's 58% premium to NAV is both a risk and a competitive advantage, enabling cheaper capital raises but exposing downside if sentiment shifts. Lower interest rates could pressure income but also improve portfolio credit quality and increase deal flow, partially offsetting negatives for HTGC.
Positive
Zacks Investment Research
3 weeks ago
Wall Street Analysts Think Hercules Capital (HTGC) Is a Good Investment: Is It?
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?
Neutral
Zacks Investment Research
3 weeks ago
Hercules Capital (HTGC) Ascends While Market Falls: Some Facts to Note
In the latest trading session, Hercules Capital (HTGC) closed at $18.02, marking a +1.24% move from the previous day.
Neutral
Business Wire
3 weeks ago
Hercules Capital Closes Upsized Institutional Notes Offering of $350.0 Million 6.000% Unsecured Notes due 2030
SAN MATEO, Calif.--(BUSINESS WIRE)--Hercules Capital, Inc. (NYSE: HTGC) (“Hercules” or the “Company”), today announced that it has closed an upsized underwritten public offering of $350.0 million in aggregate principal amount of 6.000% notes due June 2030 (the “Notes”). The Notes are unsecured and bear interest at a rate of 6.000% per year, payable semiannually, will mature on June 16, 2030 and may be redeemed in whole or in part at any time or from time to time at the Company's option at par,.
Negative
Seeking Alpha
4 weeks ago
Hercules Capital: Growing Troubles Within Portfolio Warrants Caution
I maintain a hold rating on HTGC due to its premium valuation and rising concerns over portfolio quality and PIK interest income. HTGC's dividend yield remains attractive and well-covered, but increasing PIK income signals potential stress among borrowers if rates stay elevated. The portfolio is concentrated in volatile sectors and faces heightened risk from competition and macro uncertainty, despite strong first lien loan positioning.
Charts implemented using Lightweight Charts™