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Hercules Technology Growth Capital Inc. is a non-diversified, closed-end management investment company. The company was founded in 2004 and is headquartered in Palo Alto, California, the United States. Hercules Technology Growth Capital Inc. focuses on investing in privately-held and small-cap publicly traded companies and has a private venture debt portfolio.
Hercules' investment objective is to generate current income and capital appreciation by investing in a diversified portfolio of equity and debt securities of private and public companies.
The company's stock symbol is HTGC, and it is listed on the New York Stock Exchange (NYSE).
One of Hercules' primary investment strategies is to provide debt and equity financing to venture-backed companies in the technology, life sciences, and sustainable and renewable energy industries. They offer investments in various structures, including senior debt, subordinated debt, preferred equity, and common equity.
Revenue mostly comes from interest and fees earned on their investments. Their investment portfolio includes diversified investments in various industries, including technology, life sciences, sustainable and renewable energy, and technology-enabled services.
In terms of earnings, Hercules Technology Growth Capital Inc. has consistently delivered impressive results, with net investment income ranging from $14.9 million to $38.8 million over the last five years. The company has also paid consistent dividends to its shareholders, with a current dividend yield of around 9.6%.
Hercules Technology Growth Capital Inc. has reported total investment assets of $1.44 billion as of March 31, 2% higher than the previous quarter. The company's net asset value per share was $13.97, an increase from the previous quarter.
In summary, Hercules Technology Growth Capital Inc. is a publicly traded, non-diversified, closed-end management investment company that invests in privately-held and small-cap publicly traded companies. It has consistently delivered impressive results, paying out consistent dividends to its shareholders, and has a private venture debt portfolio. Its diverse investment portfolio includes technology, life sciences, sustainable and renewable energy, and technology-enabled services.
In conclusion, Hercules Technology Growth Capital Inc. is a vital investment company specializing in investing in privately-held and small-cap publicly traded companies. It has consistently delivered impressive results and has a diverse investment portfolio spanning various industries.