Momentum Stock Watch: Hercules Capital Inc. (HTGC)

Company Profile:

Hercules Capital, Inc. (HTGC) is the leading and largest specialty finance company focused on providing senior secured venture growth loans to high-growth, innovative venture capital-backed companies in a broad variety of technology, life sciences and sustainable and renewable technology industries. Since inception (December 2003), Hercules has committed more than $8.9 billion to over 460 companies and is the lender of choice for entrepreneurs and venture capital firms seeking growth capital financing. Hercules Capital, Inc. was founded in December 2003 and is based in Palo Alto, California.

Recent News:

On June 17, 2019, the company announced that it has closed its underwritten public offering of 5,000,000 shares of its common stock at a public offering price of $12.64 per share.

For the first quarter ended March 31, 2019, the company reported total investment income increased to $58.8 million, compared to $48.7 million in Q1 2018, an increase of 20.7% year-over-year.

On May 2, 2019, its Board of Directors has declared a supplemental cash distribution of $0.01 per share. It is in Addition to the Regular Quarterly Cash Distribution for the First Quarter of 2019 of $0.32 per Share.

Fundamental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.

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Profitability – Measures the historical price movement of the stock.

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Solvency – Measures the solvency of the company based on several ratios.

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Efficiency – Measures the strength and historic growth of a company’s return on invested capital.

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Conclusion:

HTGC’s strengths can be seen in its better growth and strong profitability compared with its peers. Technical indicators signal the bullish signs, as there is a bullish crossover in MACD and Stochastic oscillator, the RSI(14) stands at 46.26 with positive bias. We rate Hercules Capital Inc. (HTGC) a STRONG BUY.

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