Hercules Capital (HTGC)
Provides senior-secured venture-growth loans to VC-backed technology and life-sciences companies.
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Provides senior-secured venture-growth loans to VC-backed technology and life-sciences companies. It pairs this core lending activity with an adviser business that manages investments for external parties.
Provides senior-secured venture-growth loans to high-growth, VC-backed companies in technology and life sciences. The specialty-finance platform also provides debt and equity growth capital, building on an operating model it began in 2004. Its focus is on sectors where founders and venture capital firms seek financing for expansion.
Hercules Adviser LLC extends the platform beyond balance-sheet lending by managing investments for external parties. Since its 2003 inception, the company has committed capital to more than 700 companies. The structure brings lending and external-party asset management under one public specialty-finance platform, tied to the financing needs of venture-backed businesses.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 1, 2026 | UBS | Upgrade | ||
| May 18, 2026 | UBS | Reiterate | Rating: —Target: $18.50 | Target: $15.50 |
| Feb 13, 2026 | Piper Sandler | Downgrade | Target: $20.50 | Target: $17.50 |
| Dec 15, 2025 | Capital One Financial | Target | Target: — | Target: $19.75 |
| Nov 4, 2025 | Compass Point | Upgrade | Target: — | Target: $19.50 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $48.2M · Total debt $2.35B · Total assets $4.69B · Shareholders' equity $2.27B
- Revenue
- $156.8M
- Operating income
- $158.3M
- Net income
- $130.2M
HistoryDividendAnnual yield
| Institutions | 27.61% | 51.67M shares | |
|---|---|---|---|
| 345 holders · as of Jun 30, 2026 | |||
| Insiders | 1.97% | 3.69M shares | |
| 13 holders · as of Sep 21, 2026 | |||
| Other | 70.42% | 131.80M shares | |
| remainder | |||
187.16M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Van Eck Associates CorpInstitution | 2.07% | 3.88M | as of Jun 30, 2026 |
Sound Income Strategies, LLCInstitution | 1.96% | 3.67M | as of Jun 30, 2026 |
Citadel Advisors LLCInstitution | 1.57% | 2.94M | as of Jun 30, 2026 |
UBS Group AGInstitution | 1.41% | 2.65M | as of Jun 30, 2026 |
Scott BluesteinInsiderdirector, officer: Chief Executive Officer | 1.32% | 2.48M | filed Jul 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Mar 26, 2026 | Nikos Theodosopoulos | director | +7,317 | $14.35 |
| Mar 26, 2026 | Gayle A. Crowell | director | +7,317 | $14.35 |
| Mar 26, 2026 | Paramjeet K. Randhawa | director | +2,926 | $14.35 |
| Mar 26, 2026 | DeAnne Aguirre | director | +7,317 | $14.35 |
| Mar 26, 2026 | Thomas J. Fallon | director | +7,300 | $14.30 |
- Blue Owl Technology Finance
Technology-company debt and equity financing, focused on software
- Trinity Capital
Growth-company loans, equipment financing, and asset-based lending
- Runway Growth Finance
Senior-secured growth loans for technology and life-sciences companies
- TriplePoint Venture Growth BDC
Customized debt financing for VC-backed venture-growth companies
- Horizon Technology Finance
Secured venture loans for technology and life-sciences companies
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Hercules Capital | $17.28 | −0.55% | $3.25B | 8.7 | 8.9 | 5.6 | +86.7% |
| Blue Owl Technology Finance | $10.56 | −0.75% | $4.92B | 8.2 | 8.1 | 3.6 | +14.6% |
| Trinity Capital | $17.69 | −0.20% | $1.59B | 9.2 | 8.5 | 5.6 | +41.2% |
| Runway Growth Finance | $6.76 | +0.97% | $284.1M | 60.8 | 5.1 | 4.5 | +10.1% |
| TriplePoint Venture Growth BDC | $4.86 | +0.41% | $196.5M | 4.9 | 5.5 | 2.3 | −4.7% |
| Horizon Technology Finance | $4.64 | −0.43% | $233.4M | 13.4 | 6.5 | 2.1 | +2.1% |
| Median | 9.2 | 6.5 | 3.6 | +10.1% |