On 25 March 2020, Hercules Capital, Inc. (NYSE: HTGC) spotted trading -53.77% off 52-week high price. On the other end, the stock has been noted 39.11% away from the low price over the last 52-weeks. The stock changed 7.71% to recent value of $7.54. The stock transacted 2938862 shares during most recent day however it has an average volume of 1169.43K shares. The company has 110.55M of outstanding shares and 107.33M shares were floated in the market.
Hercules Capital, Inc. (HTGC) recently reported its financial results for the fourth quarter and full-year ended December 31, 2019.
“In fiscal year 2019, Hercules Capital’s outstanding operating performance set new records across many of its key financial and performance metrics, all of which were attributable to the Company’s preeminent position in the venture and growth stage lending markets and our seasoned and disciplined investment team that possesses unparalleled domain experience in its core verticals,” stated Scott Bluestein, chief executive officer and chief investment officer of Hercules. “Total fourth quarter commitments increased nearly 14 percent to $283.9M, core yields were within management’s targeted range of 12 to 13 percent, credit quality remained high and the debt investment portfolio expanded to $2.17B at cost. Hercules’ 2019 performance also enabled the Company to declare record total shareholder distributions in 2019. Our record fourth quarter NII produced 119% coverage of our base shareholder distribution which combined with our record undistributed earnings spillover, puts us in a position of strength moving into 2020.”
Bluestein continued, “Looking forward, we have confidence in the Hercules’ portfolio which reflects our rigorous credit-driven investment strategy and the overall resiliency of the VC ecosystem. As we enter 2020, the macro environment will undoubtedly be influenced by the upcoming U.S. presidential election and the late stages of the economic cycle, but we are well positioned financially with $235.5M in accessible liquidity, which has been further improved subsequent to year end, and a diversified balance sheet both on the asset and liability side. We believe this strength will enable Hercules to continue to expand its platform as the largest provider of venture and growth stage debt solutions and meet the needs of the innovative entrepreneurs, venture capitalists and financial sponsors it serves.”
Its earnings per share (EPS) expected to touch remained 2.10% for this year while earning per share for the next 5-years is expected to reach at 5.00%. HTGC has a gross margin of # ref and an operating margin of # ref while its profit margin remained # ref for the last 12 months. According to the most recent quarter its current ratio was # ref that represents company’s ability to meet its current financial obligations. The price moved ahead of -33.41% from the mean of 20 days, -43.60% from mean of 50 days SMA and performed -43.50% from mean of 200 days price. Company’s performance for the week was 8.49%, -49.59% for month and YTD performance remained -45.92%.