Last $14.56 USD
Change Today +0.10 / 0.69%
Volume 402.1K
HTGC On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 03/5/15 All times are local (Market data is delayed by at least 15 minutes).

hercules technology growth (HTGC) Snapshot

Open
$14.67
Previous Close
$14.46
Day High
$14.86
Day Low
$14.42
52 Week High
07/29/14 - $16.99
52 Week Low
04/1/14 - $12.95
Market Cap
942.1M
Average Volume 10 Days
356.5K
EPS TTM
$1.07
Shares Outstanding
64.7M
EX-Date
03/10/15
P/E TM
13.6x
Dividend
$1.24
Dividend Yield
8.52%
Current Stock Chart for HERCULES TECHNOLOGY GROWTH (HTGC)

hercules technology growth (HTGC) Related Bloomberg News

View More Bloomberg News

hercules technology growth (HTGC) Related Businessweek News

View More BusinessWeek News

hercules technology growth (HTGC) Details

Hercules Technology Growth Capital, Inc. is a business development company specializing in providing venture debt, senior secured loans, and growth capital to privately held venture capital-backed companies at all stages of development including select publicly listed companies and select special opportunity lower middle market companies. The firm provides growth capital financing solutions for capital extension; management buy-out and corporate spin-out financing solutions; company, asset specific, or intellectual property acquisition; convertible, subordinated and/or mezzanine loans; domestic and international expansion; vendor financing; revenue acceleration by sales and marketing development, and manufacturing expansion. It provides asset-based financing with a focus on cash flow; accounts receivable facilities; equipment loans/leases; equipment acquisition; facilities build-out and/or expansion; working capital revolving lines of credit; inventory; and facilities build-out and/or expansion. The firm also provides bridge financing to IPO or mergers and acquisitions or technology acquisition; dividend recapitalizations and other sources of investor liquidity; cash flow financing to protect against share price volatility; competitor acquisition; pre-IPO financing for extra cash on the balance sheet; public company financing to continue asset growth and production capacity; public company financing to continue asset growth and production capacity; short-term bridge financing; and strategic and intellectual property acquisition financings. It also focuses on customized financing solutions, seed and early stage financing, mezzanine and PIPES investments. The firm generally seeks to invest in companies that have been operating for at least six to 12 months prior to the date of their investment. It prefers to invest in technology, energy technology, and life sciences. Within technology the firm focuses on advanced specialty materials and chemicals; communication and networking, consumer and business products; consumer products and services, digital media and consumer internet; electronics and computer hardware; enterprise software and services; healthcare services; information services; internet consumer and business services; media, content and information; mobile; resource management; security software; semiconductors; semiconductors and hardware; and software sector. Within energy technology, it invests in agriculture; clean technology; energy and renewable technology, fuels and power technology; geothermal; smart grid and energy efficiency and monitoring technologies; solar; and wind. Within life sciences, the firm invests in biopharmaceuticals; biotechnology tools; diagnostics; drug discovery, development and delivery; medical devices and equipment; surgical devices; therapeutics; pharma services; and specialty pharmaceuticals. It also invests in educational services. The firm invests primarily in United States based companies and to a lesser extent in foreign companies. The firm also invests in Israel and also considers investment in the Mid-Atlantic regions particularly in the areas of software, biotech and information services. It invests generally between $1 million to $40 million in companies with revenues of $10 million to $200 million, generating EBITDA of $2 million to $15 million, focused primarily on business services, communications, electronics, hardware, and healthcare services. The firm invests primarily in structured debt with warrants and, to a lesser extent, in senior debt and equity investments. For equity investments, the firm seeks to represent a controlling interest in its portfolio companies. It also co-invests with other private equity firms. The firm seeks to exit its investments through initial public offering, a private sale of equity interest to a third party, a merger or an acquisition of the company or a purchase of the equity position by the company or one of its stockholders. Hercules Technology Growth Capital, Inc. was founded in December 2003 and is based in Palo Alto, California with additional offices in Boston, Massachusetts; McLean, Virginia; and New York, New York.

hercules technology growth (HTGC) Top Compensated Officers

Co-Founder, Executive Chairman, Chairman, Chi...
Total Annual Compensation: $1.9M
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $572.4K
Chief Investment Officer
Total Annual Compensation: $660.0K
Compensation as of Fiscal Year 2013.

hercules technology growth (HTGC) Key Developments

Hercules Technology Growth Capital Inc. Reports Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014

Hercules Technology Growth Capital Inc. reported consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported total interest income of $31,895,000 compared to $28,265,000 for the same period of last year. Total investment income was $36,875,000 compared to $33,210,000 for the same period of last year. The year-over-year increase in total investment income was driven by approximately $45 million increase in weighted average loans outstanding during the quarter as well as yields increase on the portfolio and a tremendous amount of early payouts, as Manuel mentioned, during the fourth quarter of 2014. Net investment income was $15,899,000 compared to $18,864,000 for the same period of last year. Net increase in net assets resulting from operations was $20,635,000 compared to $24,897,000 for the same period of last year. Net investment income before investment gains and losses per basic share were $0.25 compared to $0.31 for the same period of last year. Total net realized gain on investments was $7,106,000 compared to $3,527,000 a year ago. Change in net assets per diluted share was $0.32 against $0.39 a year ago. Adjusted net investment income was $16,457,000 compared to $18,864,000 for the same period of last year. For the year, the company reported total interest income of $126,618,000 compared to $123,671,000 for the same period of last year. Total investment income was $143,665,000 compared to $139,713,000 for the same period of last year. Net investment income was $71,750,000 compared to $73,065,000 for the same period of last year. Net increase in net assets resulting from operations was $71,188,000 compared to $99,446,000 for the same period of last year. Net investment income before investment gains and losses per basic share were $1.13 compared to $1.22 for the same period of last year. Total net realized gain on investments was $20,112,000 compared to $14,836,000 a year ago. Change in net assets per diluted share was $1.10 against $1.63 a year ago. Adjusted net investment income was $73,331,000 compared to $73,065,000 for the same period of last year.

Hercules Technology Growth Capital, Inc. Declares Fourth Quarter Dividend, Payable on March 19, 2015

Hercules Technology Growth Capital, Inc. announced that its Board of Directors has declared a fourth quarter cash dividend of $0.31 per share, that will be payable on March 19, 2015, to shareholders of record as of March 12, 2015.

Hercules Technology Growth Capital Seeks Acquisitions

Hercules Technology Growth Capital, Inc. (NYSE:HTGC) is seeking acquisitions. Hercules Technology Growth Capital said, "We regularly engage in discussions with third parties with respect to various potential transactions. We may acquire an investment or a portfolio of investments or an entire company or sell a portion of our portfolio on an opportunistic basis."

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
HTGC:US $14.56 USD +0.10

HTGC Competitors

Market data is delayed at least 15 minutes.

Company Last Change
KCAP Financial Inc $7.58 USD -0.01
Main Street Capital Corp $31.47 USD +0.35
Medallion Financial Corp $10.33 USD +0.03
TICC Capital Corp $7.48 USD -0.01
Triangle Capital Corp $24.81 USD +0.21
View Industry Companies
 

Industry Analysis

HTGC

Industry Average

Valuation HTGC Industry Range
Price/Earnings 12.8x
Price/Sales 6.4x
Price/Book 1.4x
Price/Cash Flow 13.1x
TEV/Sales 0.6x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact HERCULES TECHNOLOGY GROWTH, please visit www.htgc.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.