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 7,390 funds
0
Analysts bullish %
of 3 analysts
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
167% more first-time investments, than exits
New positions opened: 64 | Existing positions closed: 24
100% more repeat investments, than reductions
Existing positions increased: 136 | Existing positions reduced: 68
22% more capital invested
Capital invested by funds: $625M [Q3] → $764M (+$140M) [Q4]
12% more funds holding
Funds holding: 295 [Q3] → 330 (+35) [Q4]
2.79% more ownership
Funds ownership: 19.81% [Q3] → 22.6% (+2.79%) [Q4]
3% less call options, than puts
Call options by funds: $16.9M | Put options by funds: $17.3M
20% less funds holding in top 10
Funds holding in top 10: 5 [Q3] → 4 (-1) [Q4]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$20
4%
upside
Avg. target
$22
16%
upside
High target
$25
29%
upside
3 analyst ratings
2 positive
67%
1 neutral
33%
0 negative
0%
Compass Point Casey Alexander 73% 1-year accuracy 11 / 15 met price target | 4%upside $20 | Neutral Maintained | 19 Feb 2025 |
JMP Securities Brian McKenna 24% 1-year accuracy 4 / 17 met price target | 29%upside $25 | Market Outperform Reiterated | 14 Feb 2025 |
JMP Securities Mitch Germain 70% 1-year accuracy 30 / 43 met price target | 14%upside $22 | Market Outperform Reiterated | 6 Jan 2025 |
Financial journalist opinion
Based on 18 articles about HTGC published over the past 30 days
Positive
Seeking Alpha
1 day ago
Hercules Capital: It Can't Be Missing From Any Dividend Portfolio
Hercules Capital is one of the best BDC with a 20-year history, offering a 10.4% dividend yield and a +1,040% total return since inception. HTGC's strong financials, including recent record-high TII and NII, ensure sustainable dividends and long-term stability. The recent 19% pullbacks give a decent buy signal, despite the stock's premium P/NAV valuation.
Neutral
ETF Trends
2 days ago
My Favorite Stocks to Add Right Now
A friend of mine keeps posting every day about how much money she has lost in the stock market. I finally had to comment on her post: “Stop checking your account.
Positive
Zacks Investment Research
3 days ago
Is It Worth Investing in Hercules Capital (HTGC) Based on Wall Street's Bullish Views?
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Positive
Seeking Alpha
5 days ago
Hercules Capital: Buy The Drop On This Income Machine
Hercules Capital offers a compelling buy-the-dip opportunity for income investors with a 10% dividend yield and strong earnings yield. HTGC's internally managed structure enhances shareholder alignment and cost efficiency, supporting consistently high returns and a high-quality, predominantly first-lien portfolio. Despite recent market volatility, HTGC maintains low non-accrual rates, strong dividend coverage, conservative leverage, and robust liquidity.
Positive
Zacks Investment Research
6 days ago
Hercules Capital (HTGC) Surpasses Market Returns: Some Facts Worth Knowing
The latest trading day saw Hercules Capital (HTGC) settling at $18.84, representing a +1.78% change from its previous close.
Neutral
Seeking Alpha
1 week ago
Forget Growth: 5 Big Safe Yields Worth Considering
The stock market has been ugly (particularly growth stocks), and it could get much worse. Thankfully, however, there is another way. Income investing focuses on big, steady dividend and interest payments, thereby allowing investors to worry far less about price volatility (as long as those big income payments keep coming in). This report shares 5 big safe yield strategies (including a variety of top income ideas), and then concludes with an important takeaway about succeeding in this market.
Neutral
Seeking Alpha
1 week ago
2 Income ETFs To Ride Out The Current Market Decline
Dividends provide stability and psychological benefits during market declines, helping investors avoid panic selling and irrational decisions. Janus Henderson AAA CLO ETF offers a 6.1% dividend yield with investment-grade debt, providing stable income and sector diversification. Putnam BDC Income ETF offers a 9.1% dividend yield with high-quality BDCs, combining capital appreciation and income, but with higher price volatility.
Positive
Zacks Investment Research
1 week ago
Hercules Capital Rating Upgraded by Morningstar, Outlook Stable
Morningstar DBRS upgrades HTGC's investment grade rating to BBB (High) from BBB on its solid operating performance.
Neutral
Business Wire
2 weeks ago
Hercules Capital Closes Offering of $287.5 Million of Convertible Unsecured Notes
SAN MATEO, Calif.--(BUSINESS WIRE)--Hercules Capital, Inc. (NYSE: HTGC) (“Hercules” or the “Company”), today announced that it has closed a private offering of $287.5 million aggregate principal amount of its 4.750% Convertible Unsecured Notes due 2028 (the “Convertible Notes”), which amount includes the additional $37.5 million aggregate principal amount of Convertible Notes issued pursuant to the initial purchasers' exercise in full of its overallotment option. The Convertible Notes were sold.
Negative
Seeking Alpha
2 weeks ago
An Important Warning For BDC Investors
Why BDCs may be entering a dangerous phase. Avoid these risks before it's too late. One BDC stands out as a safe bet, and is my top pick right now.
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