Hercules Capital, Inc. (HTGC)

Over the past six months, Hercules Capital's stock price has declined, with the stock price falling to $17.50 as of February 3, 2026. Key events include the Q3 2025 earnings report where EPS exceeded expectations, analyst rating changes with downgrades and upgrades, a $300 million institutional notes offering, consistent dividend announcements, and concerns about declining loan originations and an increase in non-accrual loans.

The provided information does not contain specific details about the demand seasonality for Hercules Capital, Inc.'s products and services. However, its demand could be influenced by broader trends in venture capital funding, innovation cycles within the technology, life sciences, and sustainable technology sectors, and overall economic conditions affecting high-growth companies. Hercules is capitalizing on strong demand for venture debt as traditional banks scale back, benefiting from technology sector growth.

Hercules Capital, Inc. (HTGC) is a specialty finance company operating as an internally managed, non-diversified, closed-end investment company, focusing on providing senior secured loans to high-growth, venture capital-backed companies in technology, life sciences, and sustainable and renewable technology industries. The company primarily invests in structured debt with warrants and, to a lesser extent, in senior debt and equity investments, offering various growth capital financing solutions and asset-based financing.

Hercules Capital primarily invests in United States-based companies, with a notable presence in the West Coast, Mid-Atlantic regions, Southeast, and Midwest, particularly in areas strong in software, biotech, and information services. The company also maintains offices in Boston, New York, Bethesda, and San Diego.

Hercules Capital is recognized as an industry leader in venture lending, known for its deep sector expertise, geographic presence, and strong capital base. It is considered the lender of choice for innovative entrepreneurs and venture capital partners, having committed over $25 billion to more than 700 companies since its inception. No specific events negatively impacting Hercules Capital's brand reputation in the past year were found in the provided search results.

Hercules Capital, Inc. has a significant institutional ownership presence, with 365 institutional owners and shareholders holding a total of 52,382,401 shares, representing 27.03% of shares outstanding, while public and other ownership accounts for 65.76%. Major institutional owners include Van Eck Associates Corp, BIZD - VanEck Vectors BDC Income ETF, and Sound Income Strategies, LLC, among others.