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Hercules Capital, Inc. (HTGC)

NYSE - Nasdaq Real Time Price. Currency in USD
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11.72-0.21 (-1.76%)
At close: 4:00PM EDT

11.72 0.00 (0.00%)
After hours: 4:15PM EDT

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Previous Close11.93
Open11.93
Bid11.76 x 800
Ask11.71 x 800
Day's Range11.69 - 12.04
52 Week Range5.42 - 16.40
Volume985,030
Avg. Volume927,251
Market Cap1.339B
Beta (5Y Monthly)1.50
PE Ratio (TTM)13.14
EPS (TTM)0.89
Earnings DateOct 28, 2020 - Nov 02, 2020
Forward Dividend & Yield1.28 (10.73%)
Ex-Dividend DateAug 07, 2020
1y Target Est12.50
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
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24% Est. Return
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  • 3 “Strong Buy” Dividend Stocks That Pay Over 9%
    TipRanks

    3 “Strong Buy” Dividend Stocks That Pay Over 9%

    You can’t always rely on share price appreciation to guarantee a profitable portfolio. Savvy investors know this, and always seek ways to ensure their income stream. Dividends are a common, and popular, way to do this, but bring with them some important questions: Is the dividend reliable – does the company pay it out regularly, in full? Does it yield enough to make the investment worthwhile?These are some of the factors that Wall Street’s analysts weigh when they review dividend stocks. And fortunately, they can answer them in positive terms for investors. While the market conditions aren’t really signaling defensive buying – the S&P 500 has been holding above 3,200 since mid-July, and the NASDAQ has been setting new record highs since June – keeping a reserve of defensive stocks is always a sound strategy to harden your portfolio against the unexpected.With this in mind, we’ve turned to TipRanks database to find three "Strong Buy" dividend stocks with yields starting at 9%, high by any standard, and with potential upsides starting at 14%. These are stocks that will both grow the portfolio and provide a steady income.Hercules Capital (HTGC)We’ll start in venture capital, the engine of so much economic activity. Hercules Capital offers financing services to small, early-stage companies in the technology, life sciences, and financial SaaS sectors, and boasts some $10 billion committed to its investment portfolio.HTGC weathered the corona storm well in the first quarter, reporting strong EPS above the estimates. Q2, however, saw a decline. Investment income fell nearly 2% year-over-year, and EPS dropped to 32 cents, missing the forecast by one cent. Hercules saw a boost from a 5% drop in operating expenses.The quarterly results, while disappointing, were enough to ensure the company’s generous dividend. Hercules has a history of adjusting the payment to keep it line with earnings, but this quarter’s 32 cents per common share was kept stable. The annualized rate, $1.28, gives a yield of nearly 11.1%, which is far better than the 2% average yield found among S&P-listed companies. Hercules has a 13-year history of keeping reliable dividend payments.Tim Hayes, of B. Riley FBR, writes of Hercules, “While lower interest rates weighed on earnings power during the quarter, NII/share covered the $0.32/share quarterly dividend, and we expect the dividend to remain stable in the near-/intermediate term given the healthy cash runway amongst portfolio companies and a strong VC backdrop [...] we remain buyers of shares of HTGC, which currently trade at 1.08x 2Q20 NAV."In line with these comments, Hayes rates HTGC a Buy along with a $12.50 price target, which implies a 9% upside from current levels. (To watch Hayes’ track record, click here)Wall Street clearly agrees with Hayes – Hercules has a unanimous Strong Buy analyst consensus rating, based on 9 analyst reviews. The stock is selling for $11.45 and the average price target of $12.57 is in congruent with Hayes’, suggesting a one-year upside of 10%. (See HTGC stock analysis on TipRanks)Global Net Lease (GNL)Next up, Global Net Lease, is a real estate investment trust. REITs are typically dividend champs, due to tax code provisions requiring them to return a high percentage of earnings directly to investors. GNL, with a portfolio built on US and European commercial properties, aims to provide investors with stable dividends and steady portfolio growth potential. While the growth potential has stalled in recent months, due to the ongoing coronavirus crisis, the company’s stock shares are up 94% since hitting bottom in March. Earnings during 1H20, the ‘corona half,’ have been stable, at 44 cents per share for Q1.In an effort to keep the dividend and EPS in line together, the company cut back the quarterly dividend payment during the half. The current dividend is 40 cents per share, making the yield 9.6%. This is impressive on its own, but more so considering that it comes after a 20% cut and while the stock has been gradually gaining ground.Berenberg analyst Nathan Crossett writes, “The strength of GNL’s portfolio through diversification and focus on investment grade tenancy is exemplified by the level of its rent collections during the peak of the pandemic. As of June 2, GNL had collected 96% of the original cash rent due quarter to date for the second quarter; this includes 99% of rent for assets in the United Kingdom and 97% of rent for assets in the rest of Europe.”A REIT with that level of success in rent collection is easily rated a Buy, and Crossett adds a $22 price target, suggesting room for 34% upside growth. (To watch Crossett’s track record, click here)Overall, Global Net Lease has 3 Buys and 1 Hold behind its Strong Buy consensus rating. The stock is selling for $16.43 and has an average price target of $20.17, giving it a 23% upside potential. (See GNL stock analysis on TipRanks)Cherry Hill Mortgage (CHMI)Last on today’s list is Cherry Hill Mortgage, named for its headquarters town in New Jersey. This REIT holds a portfolio of mortgage-based assets rather than direct property ownership. CHMI’s portfolio includes heavy investments in mortgage service rights and mortgage-backed securities.Through the first quarter, Cherry Hill beat the forecasts on earnings. Quarterly EPS in both Q4 and Q1 were from Q3 2019, an impressive feat during a period when most companies were seeing sharp drops sequentially. Q1 EPS came in at 47 cents, compared to a 43-cent expectation.In a nod to the ongoing health and financial crises, CHMI cut back on its dividend payment in Q2. The company set the payment at 27 cents per share of common stock, giving an annualized payment of $1.08 and a yield of 11.7%. That dividend yield compares favorably to most other investments, especially US Treasury bonds which are currently at record low rates.5-star analyst Steven DeLaney, of JMP Securities, likes what he sees in CHMI, viewing the company as fundamentally sound. He writes, “in the wake of the March-April market disruption and 1Q20 results … core earnings and book value held up relatively well despite unprecedented COVID-19-related market volatility. We continue to view the company’s valuation as attractive…”DeLaney’s $10.50 price target supports his Buy rating and suggests a solid one-year upside for the stock of 15.5%. (To watch DeLaney’s track record, click here)Cherry Hill is another company with a unanimous Strong Buy analyst consensus rating, this one based on 3 recent reviews. The stock’s average price target of $11.33 is somewhat more bullish than DeLaney allows, indicating room for a 25% upside in the next 12 months. (See Cherry Hill’s stock analysis at TipRanks)To find good ideas for divided stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.

  • Hercules Capital (HTGC) Q2 Earnings Miss, Revenues Decline Y/Y
    Zacks

    Hercules Capital (HTGC) Q2 Earnings Miss, Revenues Decline Y/Y

    Hercules Capital (HTGC) records a decline in revenues and lower expenses in the second quarter of 2020.

  • Hercules Technology Growth Capital (HTGC) Q2 2020 Earnings Call Transcript
    Motley Fool

    Hercules Technology Growth Capital (HTGC) Q2 2020 Earnings Call Transcript

    HTGC earnings call for the period ending June 30, 2020.

  • Hercules Technology (HTGC) Lags Q2 Earnings and Revenue Estimates
    Zacks

    Hercules Technology (HTGC) Lags Q2 Earnings and Revenue Estimates

    Hercules Tech (HTGC) delivered earnings and revenue surprises of -3.03% and -1.98%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

  • Hercules Capital Reports Second Quarter 2020 Financial Results
    Business Wire

    Hercules Capital Reports Second Quarter 2020 Financial Results

    Hercules Capital, Inc. (NYSE: HTGC) ("Hercules" or the "Company"), the largest and leading specialty financing provider to innovative venture, growth and established stage companies backed by some of the leading and top-tier venture capital and select private equity firms, today announced its financial results for the second quarter ended June 30, 2020.

  • Hercules Capital Surpasses $1.0 Billion in Cumulative Distributions to Shareholders since IPO
    Business Wire

    Hercules Capital Surpasses $1.0 Billion in Cumulative Distributions to Shareholders since IPO

    Hercules Capital, Inc. (NYSE: HTGC) ("Hercules" or the "Company"), the largest and leading specialty finance provider to innovative, venture, growth and established stage companies backed by some of the leading and top-tier venture capital and select private equity firms, today announced that its Board of Directors has declared a second quarter 2020 cash distribution of $0.32 per share.

  • Why Hercules Tech (HTGC) is Poised to Beat Earnings Estimates Again
    Zacks

    Why Hercules Tech (HTGC) is Poised to Beat Earnings Estimates Again

    Hercules Tech (HTGC) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

  • Hercules Technology (HTGC) Expected to Beat Earnings Estimates: Should You Buy?
    Zacks

    Hercules Technology (HTGC) Expected to Beat Earnings Estimates: Should You Buy?

    Hercules Tech (HTGC) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • Hercules Capital Announces Date for Release of Second Quarter 2020 Financial Results and Conference Call
    Business Wire

    Hercules Capital Announces Date for Release of Second Quarter 2020 Financial Results and Conference Call

    Hercules Capital, Inc. (NYSE: HTGC) ("Hercules" or the "Company"), the largest and leading specialty financing provider to innovative venture, growth and established stage companies backed by some of the leading and top-tier venture capital and select private equity firms, today announced that it has scheduled its second quarter 2020 financial results conference call for Thursday, July 30, 2020, at 2:00 p.m. PT (5:00 p.m. ET). Hercules will release its financial results after market close that same day.

  • Best Stocks for 2020: Hercules Capital Stock Returned 41.5% in Q2 and Is Still Cheap
    InvestorPlace

    Best Stocks for 2020: Hercules Capital Stock Returned 41.5% in Q2 and Is Still Cheap

    Editor's note: This column is part of InvestorPlace.com's Best Stocks for 2020 contest. Neil George's pick for the contest is Hercules Capital (NYSE:HTGC).The second quarter of 2020 had one of the best returns for the U.S. stock market since 1998. The S&P 500 returned 20.5%, making for a huge rebound from the ghastly first quarter's plunge. And while the S&P 500 is still in the red by 3.1%, it's way, way better than that huge plunge resulting in a loss of 33.8%.But what really performed in the second quarter was the technology sector stocks. The S&P Information Technology Index returned 30.5% for the second quarter. That makes for a near-50% better return than for the general market.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut one of my favorite stocks inside the model portfolios of my Profitable Investing did better than both the general market and the tech market. It also happens to be my pick for InvestorPlace.com's Best Stocks contest. Hercules Capital (NYSE:HTGC) stock returned 41.5%. And it did so by being at the heart of U.S. technology in Palo Alto, California. In fact, it's one of the prime companies working to develop technologies -- and it cashes in well along the way.Source: Bloomberg Hercules Capital (HTGC) Total ReturnHercules Capital did all this with big price gains and its ample series of regular and ongoing special dividends. HTGC stock has an annual yield of 13.7%. And this isn't just a flash in the pan for shareholders in this company. Over the trailing 10 years, the stock has returned 186.1% for an annual equivalent return of 11.1%. That provides evidence of a whole lot of dependability. Hercules Benefits From a Big Lift for TechHercules Capital is an alt-financial company providing finance with equity participation to tech companies in various stages of development. Tech is one of the better forward-looking segments -- even through the novel coronavirus. That's because the sector is providing solutions for more remote commerce, management, as well as life science products and services. Many of Hercules' highly diversified portfolio companies should continue to advance.It is structured as an investment holding company, also known as a business development company (BDC) under the Investment Company Act of 1940. BDCs were further codified under the Small Business Investment Incentives Act of 1980. Both of these bits of U.S. law allow the company to largely avoid federal corporate income taxes. In other words, this helps Hercules Capital generate more cash and fulfill bigger dividend distributions. * 7 Utilities Stocks to Buy With Reassuring Dividends Hercules is a VC-style firm that focuses entirely on technology and tech-related companies in various stages of development. It provides loans to fund company development as well as asset-based finance. It works with its companies to bring them to IPOs or acquisition by larger firms. And since its founding back in 2003, it has successfully worked with nearly 500 companies, bringing billions of dollars of value to the markets.Unlike many other BDCs, it does not participate in collateralized loan obligations (CLOs) nor does it involve mortgage loans or mortgage-backed securities (MBS). This limits its risk and aids in its transparency for shareholders. All About Hercules Capital's PortfolioHTGC breaks down its portfolio of companies into four primary groups. The first is life sciences, which includes many drug and therapeutic companies. Then there's general technology which includes numerous class-leading companies in various businesses and markets. The last two groups are sustainable and renewable energy companies and special opportunities.Life sciences companies make up about half of its current portfolio. The full list of the current portfolio list can be found here. Other than its life sciences companies, the rest of its portfolio spans tech companies in 16 industry groups.Hercules has plenty of bold-faced names that it successfully worked with over the years. And currently, it works with companies including FanDuel in the increasingly popular sports gaming market. It has BrightSource Energy in renewables. Oh, and HTGC also has American Superconductor (NASDAQ:AMSC), which is leading in greater power efficiencies.Another great thing about Hercules is that it's benefiting from current tech trends. In its portfolio it has DocuSign (NASDAQ:DOCU) for online contracts and agreements as well as Evernote for cloud document management. And it has innovative food brands including Annie's and Impossible Foods. Lastly, for those seeking more personal and family information, it also has 23andMe as well as Ancestry.com. How Does HTGC Work?So how exactly does it work? To start, know that the financing isn't just about making a loan to these companies. Hercules also get equity stakes as part of each transaction, and these stakes provide the company with gains as its portfolio businesses progress.And it just doesn't sit around waiting for the phone to ring. Instead, Hercules relies on its key location. It is based in the U.S. tech center of Palo Alto, California, so it knows everybody in technology. And it also has strategic offices around the country which help it connect to other customers and financial partners. For example, it has a very special team in Washington, D.C. The U.S. government provides plenty of opportunities for tech companies -- and Hercules works to make things possible for its clients.Hercules doesn't just stop at financing and equity participation -- it also provides guidance as companies develop and mature. In turn, this helps the companies become more profitable for Hercules. Best Stocks: Pick HTGC for Dividends and ValueHTGC stock is a great pick because of its dividends. It distributes dividends in regular amounts, currently offering up 32 cents per share. But it also has additional special distributions throughout the year, including the 8 cents it paid on March 9. That brings the annual dividend to a whopping 13.7%.But what really makes for a compelling buy is that the stock is so cheap -- even with the big return over the past quarter. Even with all of the embedded technology equity participation and all of the income-generating assets, the stock is valued barely above its intrinsic value. The price-book is only 1.04 times. That compares to the average price-book of the S&P Information Technology Index members of 8.86 times making Hercules a genuine bargain right now. And with the S&P Information Technology's average dividend yield at only 1.2%, Hercules' 13.7% is even more of a value proposition.I have Hercules Capital as a buy ideally in a taxable account under $12.25.Neil George was once an all-star bond trader, but now he works morning and night to steer readers away from traps -- and into safe, top-performing income investments. Neil's new income program is a cash-generating machine … one that can help you collect $208 every day the market's open. More From InvestorPlace * Why Everyone Is Investing in 5G All WRONG * America's 1 Stock Picker Reveals His Next 1,000% Winner * Revolutionary Tech Behind 5G Rollout Is Being Pioneered By This 1 Company * Radical New Battery Could Dismantle Oil Markets The post Best Stocks for 2020: Hercules Capital Stock Returned 41.5% in Q2 and Is Still Cheap appeared first on InvestorPlace.