hercules technology growth capital, inc. (nyse: htgc) ("hercules") is the leading specialty finance company focused on providing senior secured loans to venture capital-backed companies in technology-related markets, including technology, biotechnology, life science, and energy & renewable technology industries, at all stages of development. since inception (december 2003), hercules has committed more than $4.6 billion to over 300 companies and is the lender of choice for entrepreneurs and venture capital firms seeking growth capital financing. at hercules, we provide venture debt to entrepreneurial companies at all stages of development to further their growth and help them achieve key milestones. in addition to the capital we provide, many times the access to our network of contacts and simple business advice can prove to be equally as valuable. we understand the importance of these intangibles because we, like the companies which choose hercules, also come from an entrepreneur
Company profile
Ticker
HTGC, HCXY
Exchange
Website
CEO
Scott Bluestein
Employees
Incorporated
Location
Fiscal year end
Former names
HERCULES TECHNOLOGY GROWTH CAPITAL INC
SEC CIK
Corporate docs
Subsidiaries
Hercules Capital IV, L.P. • Hercules Funding IV, LLC • Hercules Capital Funding 2022-1 LLC • Hercules Technology Management LLC • Hercules Technology Management Co • Hercules Technology Management Co IV LLC • Hercules Technology • HTGC UK Limited • Gibraltar Business Capital LLC • Gibraltar Acquisition LLC ...
IRS number
743113410
HTGC stock data
Latest filings (excl ownership)
DEF 14A
Definitive proxy
23 Apr 24
PRE 14A
Preliminary proxy
12 Apr 24
8-K
Hercules Capital Reports Fourth Quarter and Full-Year 2023 Financial Results
15 Feb 24
10-K
2023 FY
Annual report
15 Feb 24
8-K
Hercules Capital Reports Third Quarter 2023 Financial Results
2 Nov 23
10-Q
2023 Q3
Quarterly report
2 Nov 23
8-K
Hercules Capital Announces the Appointment of Mr. Nikos Theodosopoulos to Its Board of Directors
25 Sep 23
424B3
Prospectus supplement
18 Aug 23
8-K
Entry into a Material Definitive Agreement
10 Aug 23
424B2
Prospectus for primary offering
9 Aug 23
Transcripts
HTGC
Earnings call transcript
2023 Q4
15 Feb 24
HTGC
Earnings call transcript
2023 Q3
2 Nov 23
HTGC
Earnings call transcript
2023 Q2
3 Aug 23
HTGC
Earnings call transcript
2023 Q1
4 May 23
HTGC
Earnings call transcript
2022 Q4
16 Feb 23
HTGC
Earnings call transcript
2022 Q3
3 Nov 22
HTGC
Earnings call transcript
2022 Q2
29 Jul 22
HTGC
Earnings call transcript
2022 Q1
6 May 22
HTGC
Earnings call transcript
2021 Q4
23 Feb 22
HTGC
Earnings call transcript
2021 Q3
29 Oct 21
Latest ownership filings
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 37.23 mm | 37.23 mm | 37.23 mm | 37.23 mm | 37.23 mm | 37.23 mm |
Cash burn (monthly) | 12.27 mm | 2.35 mm | 28.24 mm | 12.25 k | 8.08 mm | 10.37 mm |
Cash used (since last report) | 84.17 mm | 16.11 mm | 193.78 mm | 84.04 k | 55.44 mm | 71.13 mm |
Cash remaining | -46.93 mm | 21.12 mm | -156.54 mm | 37.15 mm | -18.21 mm | -33.90 mm |
Runway (months of cash) | -3.8 | 9.0 | -5.5 | 3032.4 | -2.3 | -3.3 |
Institutional ownership, Q3 2023
23.7% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 262 |
Opened positions | 41 |
Closed positions | 22 |
Increased positions | 91 |
Reduced positions | 65 |
13F shares | Current |
---|---|
Total value | 466.11 bn |
Total shares | 38.47 mm |
Total puts | 772.90 k |
Total calls | 1.34 mm |
Total put/call ratio | 0.6 |
Largest owners | Shares | Value |
---|---|---|
Kingdom Holding | 9.41 mm | $124.04 mm |
Sound Income Strategies | 2.52 mm | $41.40 bn |
Van Eck Associates | 2.03 mm | $33.25 bn |
Marshall Wace | 1.22 mm | $19.96 bn |
MS Morgan Stanley | 1.09 mm | $17.83 bn |
LGEN Legal & General | 1.03 mm | $16.96 bn |
Advisors Capital Management | 1.01 mm | $16.46 bn |
Raymond James & Associates | 890.17 k | $14.62 bn |
Two Sigma Advisers | 751.50 k | $12.34 bn |
BLK Blackrock | 638.50 k | $10.48 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
11 Apr 24 | Bluestein Scott | Common Stock | Payment of exercise | Dispose F | No | No | 18.41 | 21,926 | 403.66 k | 2,283,135 |
11 Apr 24 | Meyer Seth H | Common Stock | Payment of exercise | Dispose F | No | No | 18.41 | 6,708 | 123.49 k | 348,919 |
11 Apr 24 | Christian Follmann | Common Stock | Payment of exercise | Dispose F | No | No | 18.41 | 1,251 | 23.03 k | 96,052 |
11 Apr 24 | Kiersten Zaza Botelho | Common Stock | Payment of exercise | Dispose F | No | No | 18.41 | 822 | 15.13 k | 49,029 |
10 Apr 24 | Kiersten Zaza Botelho | Common Stock | Payment of exercise | Dispose F | No | No | 18.33 | 217 | 3.98 k | 49,852 |
News
Analyst Ratings For Hercules Capital
10 Apr 24
Piper Sandler Maintains Overweight on Hercules Capital, Raises Price Target to $21
10 Apr 24
Hercules Capital's Ex-Dividend Date Is Tuesday, Here's What You Need To Know
22 Feb 24
Key Takeaways From Hercules Capital Analyst Ratings
16 Feb 24
Hercules Capital Q4 EPS $0.56 Beats $0.50 Estimate, Sales $122.60M Beat $117.48M Estimate
15 Feb 24
Press releases
Hercules Capital Celebrates 20th Anniversary with $20.0 Billion in Cumulative Originations
24 Apr 24
Hercules Capital Announces Date for Release of First Quarter 2024 Financial Results and Conference Call
18 Apr 24
Hercules Capital Receives BBB- Affirmed Investment Grade Credit and Corporate Rating from Fitch Ratings, Inc.
27 Mar 24
Hercules Capital Declares a Total Cash Distribution of $0.48 per Share for the Fourth Quarter 2023
13 Feb 24