Hercules Capital, Inc.
HTGC
NYSE·Financial Services·Asset Management·Mkt cap $3.3B
$17.71
▲ +0.25%
P/E
8.68
Mkt Cap
$3.3B
52-Wk Range
$13.70–$19.62
52-Week Range
$13.70 - $19.62
P/E
Fwd P/E
Beta
Div Yield
Avg Vol
Shares Out
Mkt Cap
Price action
Price chart
Down 8.2% over the trailing year
Total returns
Price performance
Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.
Why we rate it this way
The thesis at a glance
Bull and bear case · plain-English context across the five lenses we evaluate.
Bull Case
5 reasons
- Deep venture debt expertise with established relationships across venture capital ecosystem
- Diversified financing platform spanning early-stage through lower middle-market opportunities
- Structured debt with warrant strategy providing equity upside participation alongside debt returns
- Flexible, customized financing solutions addressing complex capital needs underserved by traditional lenders
- Public BDC status enabling efficient capital deployment and regular investor distributions
Bear Case
1 risk
- Low volatility (beta 0.7).
Growth
Stable outlook
Expansion of venture capital funding activity and increased demand for alternative debt financing
Value
Trading at 0.8x Specialty Finance peers — a discount despite the growth profile.
Momentum
Strong
+16.4% over 3m
Quality
Excellent
Emerging growth company (-2% revenue growth). Early stage with higher risk.
Dividend
High yield
11.01% yield
Smart-money signal
Who's buying HTGC right now
Insider Form 4s, 13F institutional filings, and Congressional disclosures - at a glance.
Earnings track record
Latest print - beat on both lines
AI-summarized recap of last quarter, plus the surprise on every print.
Next: Oct 29, 2026
JUL 30, 2026
Reported EPS of $0.50 vs $0.48 consensus (+3.1% surprise). Revenue of $149.1M vs $146.7M expected (+1.6%). Beat on both top and bottom lines.
EPS surprise · last 4Q
1 of 1 beats
Estimate
Actual
Q3 26
+3.1%
Revenue trend · last 8Q
—
-41%
-37%
+60%
+60%
+92%
+4%
-2%
Q3 24
Q4 24
Q1 25
Q2 25
Q3 25
Q4 25
Q1 26
Q2 26
$90.4M
$82.3M
$92.4M
$127.6M
$169.3M
$157.7M
$95.9M
$125.7M
Margins · last 8Q
Gross
85.4%
Operating
51.4%
Profit
0.0%
Wall Street consensus
4 analysts · 75% Buy
Live ratings and price targets aggregated across covering analysts.
Buy
75%
Hold
25%
Sell
0%
Median Price Target
—
Latest: UBS · Sep 1, 2026
vs Industry
How HTGC stacks vs Asset Management
Stock metrics vs industry averages. Green = better than industry.
Industry comparison data unavailable for this stock.
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