Last $15.14 USD
Change Today -0.05 / -0.33%
Volume 162.9K
HTGC On Other Exchanges
Symbol
Exchange
Frankfurt
As of 6:40 PM 09/18/14 All times are local (Market data is delayed by at least 15 minutes).

hercules technology growth (HTGC) Snapshot

Open
$15.19
Previous Close
$15.19
Day High
$15.23
Day Low
$15.10
52 Week High
12/2/13 - $17.25
52 Week Low
04/1/14 - $12.95
Market Cap
957.6M
Average Volume 10 Days
243.5K
EPS TTM
$1.21
Shares Outstanding
63.3M
EX-Date
08/14/14
P/E TM
12.5x
Dividend
$1.24
Dividend Yield
8.19%
Current Stock Chart for HERCULES TECHNOLOGY GROWTH (HTGC)

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hercules technology growth (HTGC) Details

Hercules Technology Growth Capital, Inc. is a private equity, venture capital, and venture debt firm specializing in providing capital to privately held venture capital and private equity backed companies and select publicly-traded companies. It seeks to provide emerging growth capital with focus on first institutional round (Series A/B). The firm also invests in expansion stage with focus on follow-on rounds of growth capital (Series B-F). It provides seed and early stage financing. It 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; growth capital term loans; specialty finance; vendor financing; revenue acceleration by sales and marketing development and manufacturing expansion. It also provides asset-based financing with a focus on cash flow-based customized financing solutions; accounts receivable facilities; equipment loans/leases; equipment; acquisition; facilities build-out and/or expansion; working capital revolving lines of credit; inventory; equipment and infrastructure financing; 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 offers growth and emerging growth capital and structured debt financing to companies at all stages of development and specializes in venture debt in the forms of senior secured and subordinated working capital loans, senior revolving loans and bridge loans, venture leasing, and select direct equity capital. It also provides private equity financing for recapitalizations, leveraged buyouts, spin-off transactions, mergers and acquisitions, public to private financings, and PIPEs. It invests in debt and equity investments in later stage, venture, and in special opportunities in the lower middle market companies. The firm invests primarily in structured debt with warrants and, to a lesser extent, in senior debt and equity investments. It primarily provides senior secured revolvers and term loans; unitranche and "one-stop" financings; and mezzanine debt, including "last-out" and second lien financings. The firm typically provides non-control financing solutions used for refinancing of existing indebtedness; acquisition financing – control buyouts and minority recaps. It prefers to invest in technology, energy technology, life sciences, and manufacturing sectors. Within technology it 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 & renewable technology, fuels and power technology; geothermal; advanced materials (bio-chemicals, solar materials); carbon (capture, conversion, and abatement), energy efficiency technologies (smart grid, demand response, and lighting); generation (solar, biomass, bio fuels, and wind); recycling (conversion, diversion, and programs), storage (batteries, fuel cells), technology (management, measurement, controls), transportation (engine design, infrastructure), waste, and water (treatment, waste water, and desalination). 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 provides specialized energy technology industry financings with a focus on international special purpose entity financing; pilot and production facility financing; pre-commercialization facility financing; situation-specific financing (satisfying customer contract requirements, pre-funding strategic relationship, etc.); and supplemental joint venture financing. Within life sciences, it provided growth capital financing solutions with a focus on royalty-based financing of existing or future new drugs or medical devices. The firm invests in Israel and also considers investment in the Mid-Atlantic regions particularly in the areas of software, biotech and information services. It seeks to invest in companies with capital needs from $1 million to $30 million and 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. It also co-invests with other private equity firms. Hercules Technology Growth Capital, Inc. was founded in December 2003 and is based in Palo Alto, California with additional offices in San Diego, California; Boston, Massachusetts; Waltham, Massachusetts; Boulder, Colorado; Broomfield, Colorado; Costa Mesa, California; McLean, Virginia; Elmhurst, Illinois; Franklin Park, Illinois and New York, New York.

62 Employees
Last Reported Date: 07/10/14
Founded in 2003

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
Group Head of Life Sciences and Senior Managi...
Total Annual Compensation: $697.2K
Chief Investment Officer
Total Annual Compensation: $660.0K
Compensation as of Fiscal Year 2013.

hercules technology growth (HTGC) Key Developments

Harry A. Feuerstein Announces Resignation, Effective August 30, 2014, from His Position as Chief Operating Officer of Hercules Technology Growth Capital

On August 25, 2014, Harry A. Feuerstein announced his resignation, effective August 30, 2014, from his position as Chief Operating Officer of Hercules Technology Growth Capital, Inc. due to personal reasons. Mr. Feuerstein will continue to serve the company as an outside consultant.

Hercules Technology Growth Capital, Inc. Presents at The RBC Capital Markets' 2014 Financial Institutions Conference, Sep-16-2014 03:45 PM

Hercules Technology Growth Capital, Inc. Presents at The RBC Capital Markets' 2014 Financial Institutions Conference, Sep-16-2014 03:45 PM. Venue: Hyatt Regency Boston, One Avenue de Lafayette, Boston, MA 02111, United States. Speakers: Manuel A. Henriquez, Co-Founder, Executive Chairman, Chairman, Chief Executive Officer, and President.

Hercules Technology Growth Capital, Inc. Amends and Restates Credit Facility with MUFG Union Bank

Hercules Technology Growth Capital, Inc. announced that it has amended and restated its credit facility with MUFG Union Bank, N.A. effective August 14, 2014. Under the amended and restated agreement, Union Bank has, among other things, agreed to increase the size of the credit facility to $75 million in aggregate principal amount from $30 million and include an accordion feature, pursuant to which the Company may increase the size of the credit facility to an aggregate principal amount of $95 million by bringing in additional lenders, subject to the approval of Union Bank and other customary conditions. There can be no assurances that additional lenders will join the credit facility to increase available borrowings; reduce the per annum interest rate on LIBOR borrowings from LIBOR plus 2.5% with a floor of 4% to LIBOR plus 2.25% with no floor; and extend the maturity date of the credit facility to August 1, 2017.

 

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Industry Analysis

HTGC

Industry Average

Valuation HTGC Industry Range
Price/Earnings 9.9x
Price/Sales 6.4x
Price/Book 1.5x
Price/Cash Flow 9.9x
TEV/Sales 2.5x
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