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Hercules Capital, Inc. (HTGC)

BDC - Debt Focused BDC

Data as of March 15, 2024
Current
Market Price $18.07 (+ $0.07)
NAV (Dec. 31, 2023) $11.43 ( $0.00)
Fund Listed NYSE
Premium / Discount 58.09% (+0.61%)
Fund Info
Inception June 9, 2005
Sponsor Hercules
Website www.htgc.com/
Phone 1 650 289 3060
Location California
Incorporated Maryland
Staggered Board No
Term Date N/A
Objective: Current income from its debt investments and capital appreciation from equity-related investments. It provide senior secured loans to venture capital-backed companies in technology-related markets.
Related Indexes
15 Major CEF Sectors Index
Debt-Focused Business Development Company (BDC) Index
60/40 Balanced (w/ BDCs) Index
Taxable Bond & BDC Index
Premium CEF/BDC Index
Alternative Income Index
Capital & Leverage
Outstanding Shares 158,379,784
Total Assets (Reported: Dec. 31, 2023) $3,416M
Estimated Total Assets $3,322M
Net Assets $1,810M
Market Cap $2,862M
Portfolio Turnover 31.95%
Debt-to-Equity 0.7680
Total Leverage 45.50%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 9.13%
Non Lev Exp Ratio 4.16%
Gross Asset Expense Ratio 4.28%
Gross Asset Non Lev Exp Ratio 1.95%
Rel Lev Cost 5.12%
Discount Data
Average Discount (3 Yr) 43.02%
Discount Low(3 Yr) 9.78%
Discount High(3 Yr) 74.77%
Discount Rel Range (3 Yr) 74.34%
Comp Discount 61.79
Discount St Dev (1Yr) 12.68
Z-Stat
Z-Stat (6mo) 1.43
Z-Stat (1Yr) 1.25
Z-Stat (3Yr) 1.22
Comp Z-Stat (6mo) 1.04
Comp Z-Stat (3Yr) 0.97
Distribution Data
Market Yield 8.85%
Income Yield 8.85%
Lev Adj NAV Yield 9.62%
Av Yield on Debt Investments 14.30
Distribution Frequency Q
Current Distribution $0.400
Current Income $0.400
Ex-Date 2/27/24
Payable Date 3/6/24
Div Growth (3yr) 25.00%
Dividend Change 2.6% on 8/1/23
Expected Div 5/2/24
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Tax Dividend Data 2022 2020 - 2022
Income 82.7% 78.1%
ST Gains 0% 0%
QDI 0% 0%
LT Gains 17.3% 21.9%
RoC 0% 0%
Volume & Liquidity
Average Daily $ (K) $17,264
Avg Volume 30 day 1,234,183
Avg Volume 90 day 955,405
Volume Trend 29.18%
Comp Volume Trend 25.52%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
26.0%
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
39.0%
Price Correlation (1yr)
vs. CEFA's BDC Index
71.0%
Most Correlated Peer (Mk Pr): TSLX 73.0%
Price St Dev (1Yr) 22.5%
NAV St Dev (1Yr) 5.5%
Earnings
Earnings / Share (12/31/23) $0.545
Adj Core NII Coverage 136.35%
1 Yr Avg NII Coverage 128.84%
1 Yr Avg Adj Core NII Coverage 128.84%
NII Trend 5.77%
Adj Core NII Trend 5.77%
Performance
Price Beta (2yr)
vs. S&P 500 (TR)
0.99
Price Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
1.08
Price Beta (2yr)
vs. CEFA's Debt-Focused Business Development Company (BDC) Index
1.30
Portfolio Data
Avg Libor Floor % 4.39%
% Loans with Libor Floor 95%

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NOTES: Distribution type sourced from CEFdata.com. For specific information about a fund's distribution sources, visit the fund sponsor's website.

The following information applies to closed-end funds and business development companies in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds and business development companies frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

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