Last $14.80 USD
Change Today +0.41 / 2.85%
Volume 543.3K
HTGC On Other Exchanges
Symbol
Exchange
New York
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As of 8:04 PM 12/18/14 All times are local (Market data is delayed by at least 15 minutes).

hercules technology growth (HTGC) Snapshot

Open
$14.57
Previous Close
$14.39
Day High
$15.00
Day Low
$14.54
52 Week High
07/29/14 - $16.99
52 Week Low
04/1/14 - $12.95
Market Cap
950.1M
Average Volume 10 Days
313.0K
EPS TTM
$1.05
Shares Outstanding
64.2M
EX-Date
11/13/14
P/E TM
14.1x
Dividend
$1.24
Dividend Yield
8.38%
Current Stock Chart for HERCULES TECHNOLOGY GROWTH (HTGC)

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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.

62 Employees
Last Reported Date: 11/17/14
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
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. Announces Executive Changes

On December 3, 2014, the Board of Directors of Hercules Technology Growth Capital, Inc. approved the persons as executive officers and officers of the company: Michael Butler as Chief Compliance Officer; and Andrew Olson as Corporate Controller. As of December 3, 2014, Parag Shah will no longer be designated as an executive officer of the Company. Mr. Shah will continue to work in the Company’s Life Sciences Group.

Hercules Technology Growth Capital, Inc. Presents at 4th Annual Credit Suisse group Mortgage REIT & Specialty Finance Conference, Nov-19-2014

Hercules Technology Growth Capital, Inc. Presents at 4th Annual Credit Suisse group Mortgage REIT & Specialty Finance Conference, Nov-19-2014 . Venue: Credit Suisse Offices, One Madison Avenue, 12th Floor, New York, NY 10010, United States.

Hercules Technology Growth Capital, Inc. Provides Earnings Guidance for the Fourth Quarter of 2014 and First Quarter of 2015

Hercules Technology Growth Capital, Inc. provided earnings guidance for the fourth quarter of 2014 and first quarter of 2015. The company anticipates net portfolio growth for the 2014 fourth quarter of approximately net up of $40 million to $60 million. The company anticipates a $0.01 to $0.02 noncash impact on the fourth quarter earnings as the result of the acceleration of origination fees, amortization of the conversion features and issuance of shares attributed to this conversion. The company expects to see most of that earnings impact to occur in the first quarter of 2015 and not necessarily much in fourth quarter of 2014.

 

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Industry Analysis

HTGC

Industry Average

Valuation HTGC Industry Range
Price/Earnings 12.5x
Price/Sales 6.4x
Price/Book 1.4x
Price/Cash Flow 12.2x
TEV/Sales 1.7x
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