Hercules Capital
HTGC
Market cap $3.15B

17.98 USD

-0.13

0.72%

At close Jun 13, 4:00 PM EDT

After hours

17.90

-0.08

0.44%

1 day

-0.72%

5 days

-1.21%

1 month

1.52%

3 months

-0.17%

6 months

-7.37%

Year to date

-11.78%

1 year

-8.27%

5 years

64.20%

10 years

52.50%

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 7,296 funds

0

Analysts bullish %

of 4 analysts

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]

25% less call options, than puts

Call options by funds: $11.3M | Put options by funds: $15.1M

See Fund Rankings

Research analyst outlook

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

Low target

$18

0%

upside

Avg. target

$19.38

8%

upside

High target

$21

14%

upside

4 analyst ratings

3 positive

75%

1 neutral

25%

0 negative

0%

Wells Fargo Finian O'Shea	6%upside $19	Overweight Maintained	28 Apr 2025
UBS Vilas Abraham	0%upside $18	Neutral Maintained	17 Apr 2025
Keefe, Bruyette & Woods Paul Johnson	14%upside $21	Outperform Maintained	8 Apr 2025
Piper Sandler Crispin Love	11%upside $20	Overweight Maintained	8 Apr 2025

See Analyst Rankings

Financial journalist opinion

Based on 9 articles about HTGC published over the past 30 days

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.

Hercules Capital: Growing Troubles Within Portfolio Warrants Caution

Hercules Capital Prices Upsized Institutional Notes Offering of $350.0 Million 6.000% Notes due 2030

SAN MATEO, Calif.--(BUSINESS WIRE)--Hercules Capital, Inc. (NYSE: HTGC) (“Hercules” or the “Company”), today announced that it has priced an upsized underwritten public offering of $350.0 million in aggregate principal amount of 6.000% notes due June 2030 (the “Notes”). The closing of the transaction is subject to customary closing conditions and the Notes are expected to be delivered and paid for on June 16, 2025. The Notes are unsecured and bear interest at a rate of 6.000% per year, payable.

Hercules Capital Prices Upsized Institutional Notes Offering of $350.0 Million 6.000% Notes due 2030

24/7 Wall Street

4 Buy-Rated Russell 2000 Stocks Pay Massive Ultra-High-Yield Dividends

Small-cap stocks typically do well when interest rates fall, which they may do later this year.

4 Buy-Rated Russell 2000 Stocks Pay Massive Ultra-High-Yield Dividends

I'm Buying Up To 10% Yields For Recurring Income

I focus on the payback period and high-yield income, highlighting Hercules Capital and VICI Properties for faster capital recoupment and strong recurring income. HTGC stands out with a 10.4% yield, first-lien senior secured loans, robust credit ratings, and a well-covered dividend. VICI offers a 5.4% yield, stable triple-net leases with blue-chip tenants, and a strong balance sheet, supporting reliable income and growth.

I'm Buying Up To 10% Yields For Recurring Income

Fortress Income: 7-11% Yields To Make Money While You Sleep

Buying right and holding tight can be a winning investment strategy over in-vogue short-term strategies. EPD has strong fee-based earnings, strong balance sheet, and growth projects coming online, offering a 6.8% yield and potential for double-digit total returns. CSWC excels in the lower middle market with an internally managed structure, low expenses, and an 11% yield, supporting regular and special dividends.

Fortress Income: 7-11% Yields To Make Money While You Sleep

24/7 Wall Street

3 Strong Buy Stocks Yielding at Least 9% That Have Huge Upside Potential

Do you need to generate more passive income from your stock holdings? Schedule a meeting with a financial advisor near you for a complete portfolio review.

3 Strong Buy Stocks Yielding at Least 9% That Have Huge Upside Potential

Buy Any Of 18 Ideal 'Safer' May Dividend Dogs Out Of 70 Graham Value All-Stars (GVAS)

I use YCharts' Value Score and Ben Graham Formula to identify large-cap stocks offering strong value relative to profits, assets, and dividends. Eighteen of twenty-four 'safer' lowest-priced Dividend Dogs of the GVAS are fair-priced and ready to buy for income-focused investors. Top ten GVAS stocks are projected to deliver 17.99% to 68.74% net gains by May 2026, with average risk 29% below the market.

Buy Any Of 18 Ideal 'Safer' May Dividend Dogs Out Of 70 Graham Value All-Stars (GVAS)

Zacks Investment Research

ARCC vs. HTGC: Which BDC Has More Upside Amid Market Uncertainty?

Can tech-focused Hercules Capital outperform diversified Ares Capital in today's uncertain market? Let's find out.

ARCC vs. HTGC: Which BDC Has More Upside Amid Market Uncertainty?

Hercules Capital: Contrarian Buying Opportunity

Hercules Capital delivered decent Q1 results, with robust net investment income supporting its attractive dividend yield. The investment firm maintained excellent balance sheet quality, reinforcing confidence in its dividend sustainability. Despite trading at a 56% premium to NAV, I believe the premium is justified by Hercules Capital's consistent dividend coverage and growth in portfolio investments.

Hercules Capital: Contrarian Buying Opportunity

Hercules Capital: A Strong BDC Investment Pick (Rating Upgrade)

Hercules Capital is a top BDC choice for passive income investors, offering solid dividends supplemented by non-base distributions and strong credit quality. The BDC focuses on the technology sector, with a portfolio value of $3.9 billion and a low non-accrual ratio of 0.5%. Despite a premium valuation, Hercules Capital's consistent performance, high net investment income, and supplemental dividends justify its 'Strong Buy' rating.

Hercules Capital: A Strong BDC Investment Pick (Rating Upgrade)

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