CEF Advisors

7204 Glen Forest Drive, Suite #105 Richmond, Virginia 23226 USA   ♦   Toll-Free: (800) 356-3508 / Local: (804) 288-2482    ♦   www.CEFadvisors.com   ♦   Contact@CEFadvisors.com

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Hercules Capital, Inc. (HTGC)

BDC - Debt Focused BDC

Data as of Jan. 17, 2020
Market Price $14.41 (+ $0.04)
NAV (Sept. 30, 2019) $10.38 ( $0.00)
Premium / Discount 38.82% (+0.39%)
Fund Info
Inception June 9, 2005
Sponsor Hercules
Website www.htgc.com/
Phone 1 650 289 3060
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
Debt-Focused Business Development Company (BDC) Index
60/40 Balanced (w/ BDCs) Index
Taxable Bond & BDC Index
Alternative Income Index
Capital & Leverage
Outstanding Shares 104,633,262
Total Assets (Reported: Sept. 30, 2019) $2,316M
Estimated Total Assets $2,241M
Net Assets $1,086M
Market Cap $1,508M
Debt-to-Equity 0.9633
Total Leverage 51.53%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 11.90%
Non Lev Exp Ratio 6.02%
Gross Asset Expense Ratio 5.24%
Gross Asset Non Lev Exp Ratio 2.65%
Rel Lev Cost 5.02%
Discount Data
Average Discount (3 Yr) 30.28%
Discount Low(3 Yr) 2.41%
Discount High(3 Yr) 59.43%
Discount Rel Range 63.87%
Comp Discount 40.25
Discount St Dev (1Yr) 5.59
Z-Stat (6mo) 1.45
Z-Stat (1Yr) 1.80
Z-Stat (3Yr) 0.94
Comp Z-Stat (6mo) 0.56
Comp Z-Stat (3Yr) 0.44
Distribution Data
Market Yield 8.88%
Income Yield 8.88%
Lev Adj NAV Yield 8.14%
Av Yield on Debt Investments 12.40
Distribution Frequency Q
Current Distribution $0.320
Current Income $0.320
Ex-Date 11/8/19
Payable Date 11/18/19
Div Growth (3yr) 3.23%
Dividend Change 3.2% on 5/2/19
Expected Div 2/20/20
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Tax Dividend Data 2018 2016 - 2018
Income 100% 95.7%
ST Gains 0% 0%
QDI 0% 0%
LT Gains 0% 4.3%
RoC 0% 0%
Volume & Liquidity
Average Daily $ (M) $7,220
Avg Volume 30 day 430,065
Avg Volume 90 day 501,065
Volume Trend -14.17%
Comp Volume Trend -28.15%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
Price Correlation (1yr)
vs. CEFA's BDC Index
Most Correlated Peer (Mk Pr): TCRD 46.0%
Price St Dev (1Yr) 18.3%
NAV St Dev (1Yr) 5.3%
Earnings / Share (9/30/19) $0.372
Adj Core NII Coverage 120.41%
1 Yr Avg NII Coverage 104.50%
1 Yr Avg Adj Core NII Coverage 113.98%
NII Trend 14.89%
Adj Core NII Trend 10.66%
Price Beta (2yr)
vs. S&P 500 (TR)
Price Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
Price Beta (2yr)
vs. CEFA's Debt-Focused Business Development Company (BDC) Index
Portfolio Data
Avg Libor Floor % 2.17%
% Loans with Libor Floor 12%


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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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