whytestocks
6 years ago
News: $HTGC Investor Expectations to Drive Momentum within Hercules Capital, Alexandria Real Estate Equities, Ironwood Pharmaceuticals, 22nd Century Group, BorgWarner, and Forestar Group - Discovering Underlying Factors of Influence
NEW YORK, Jan. 25, 2019 (GLOBE NEWSWIRE) -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors, traders, and shareholders of Hercules Capital, Inc. (NYSE:HTGC), Alexandria Real Estate Equities, I...
In case you are interested https://marketwirenews.com/news-releases/investor-expectations-to-drive-momentum-within-hercules-capital-alexandria-real-estate-equities-ironwood-pharmaceuticals-22nd-century-group-borgwarner-and-forestar-group-discovering-underlying-factors-of-influence-7551064.html
jugs
6 years ago
This is perfect news for this moment, given the unusual circumstances in which we find ourselves market-wise:
Hercules Capital, Inc. (NYSE: HTGC) (“Hercules” or the “Company”), the leading specialty finance company to innovative, venture growth, pre-IPO and M&A stage companies backed by leading and top tier venture capital firms, today announced that its Board of Directors has approved a stock repurchase plan (the “Company 10b5-1 Plan”) to acquire up to $25.0 million in the aggregate of Hercules’ common stock at prices that may be above or below net asset value, in accordance with the guidelines specified in Rule 10b-18 and Rule 10b5-1 of the Securities Exchange Act of 1934.
There's more available at the head of this board.
Enjoy!
jugs
6 years ago
A large payday is coming up for me in a few weeks and while I'm not yet clear as to how much I'll be applying towards picks selected at this early stage, I've narrowed things down a bit and view the following as smart/likely candidates for additional purchases:
1. HTGC
2. UNIT
3. NRZ
4. PRT
These are all steady payers. Over the course of the last several months I've lightened positions so as to reallocate cash to NGL. However, I can't help noticing that I have consistently regretted having sold parts of those stocks listed above. Not to imply the trades were not profitable for they were in each instance; rather-- I feel completely safe in my list as they pay high yields, are definitely on the move towards greater heights in their respective categories. Additionally, they are making bold moves that I believe will establish their rightful place in terms of representing their franchises. They are definitely stand-outs.
All in all, I'm pleased to have experienced them long enough in my portfolio to find myself pleased with their performance.
Hope this helps some folks out there!
Ooooops! Nearly forgot to mention that I'll be receiving NGL units soon, thanks to participation in a pair of DRIPs involving sheltered accounts. It'll be just a hundred units or so but they're always welcome!
jugs
6 years ago
Welcome aboard! Really good to see you here.
This company is in the news today and has been over the last week-to-two. Hercules is re-writing boundaries the company wishes to employ in reaching out to many companies unable to access more traditional capital markets. today's news points to a 4-cent gain per share to be expected soon, on top of gains already in place.
Business development companies are a great place to be at this point in time, thanks to our government moving increasingly towards lightening up on restraints formerly installed to protect. Some of these have been found to inhibit growth as per banking rules being lifted in part. And so it is with borrowing opportunities and this is where Hercules comes in.
This company is leaning more noticeably towards the venture capital side of the banking industry. I, in particular, appreciate that, having gone through related maneuvers myself thirty-odd years ago. A young banker in that branch's top seat thought me a suitable risk for his banking organization and we did a deal on a handshake! We did several more such transactions and we all made out splendidly.
HTGC and I belong together in a loving embrace! lol
Had to sell a few recently so I could add to NGL but still holding 1212 and hoping to add. My gain at the moment on the remaining is $970. Add $300 for those sold. Opened the position towards the end of June so I'm very pleased. More meaningful to me is that we're beautifully poised to find gains on an accelerative path from here on---going forward. Toss in better than 9% distributions and what's not to like in this pro-banking environment?
Wishing you the best as always...
jugs
6 years ago
There's something terribly wrong here and I'd be one sorry moderator were I not to bring it to public attention:
Having held Hercules in my own portfolio now for exactly one month, I'm seeing a gain of 4 pennies shy of a whole dollar. it should be obvious to one (me) and all (you) that this could prove to be one of the most outstanding plays of the year for a high yield hound.
This pick may well be the first item on my short list when that juicy NGL distribution comes in to the tune of $17,50?. Toss in a few other distributions from different picks and that leaves me with $18,000 to play with.
Perhaps $5K will go into my checking account to sit alongside the long established cash reserves (dry powder). Another $5K or so will bring a bit of relief to the margin utilization. The rest, half of which will be sitting in three sheltered accounts---will be spread out among several plays. NGL will be the recipient of of a very small amount through a DRIP in a tiny IRA. Another IRA will be similarly handled. Most of the NGL bounty will be in the form of cash.
Hercules will definitely be in line for a transfusion as it's been so profitable already. I've not yet decided how to disperse the funds but this will be foremost in my mind as the next few weeks roll on by.
More on this to come.
However, I've gotta wonder why I find myself alone here? This is so profitable already! And take a look at the Barchart opinion option and you'll find 100% buy signals all over the place. Ditto with CEQP, by the way.
If you're not sure about launching a position in a BDC, read up on it. As you do, consider the impact on smaller businesses in America and how you expect they'll fare as the current administration continues to fight for the little business entities. I think you'll sense a new imperative and frankly there's no time like the present to make a move.
Let me know what you do, please.
jugs
6 years ago
This is a stock that's being overlooked by many investors concentrating on other sectors. I understand that as I'm usually doing the same thing. Being an energy hound, anything energy-oriented grabs my attention.
BDCs are the go-to organizations companies turn to when money is critical to maintaining their day-to-day operations. When a company's stock is on the mat due to lack of available capital or a host of other issues too numerous to identify in this post but usually involving questionable creditworthiness and/or large debt obligation, investors tend to step back, fearful there'll no way to securitize their wish to see a particular company survive.
So what are the obvious options?
Well, a publicly traded company sells equity in exchange for cash. When you can't afford to buy & own, you rent and pray. The monthly rent paid doesn't contain a cash-back caveat, money paid is gone---permanently. In the case of Hercules, the objective after first identifying a good opportunity involving the trading of cash for equity, it's understood that HTGC wants to loan cash in order to gain a more permanent foothold in the company thru the access of equity. In simplest terms, HTGC is on the prowl, seeking opportunities to own parts of many viable companies.
Smaller companies are the likely partners-in-mind. Exhaustive research is the first building block in the BDC's decision-making process. In a way, you could say that this BDC is offering operating cash in exchange for a piece of the pie. The BDC expects to be repaid by a return of capital through the eventual sale of some or all of that equity and "rent-like fees" (loans to be repaid according to a strictly organized schedule based on specifics built into the loan structure/contract between BDC and the financially stressed company.
Tax changes on the move will trickle down into Mom & Pop businesses, many of which comprise a sizable portion of the companies being eyed by BDC. This will enhance growth opportunities for the BDC as it legitimizes loans not previously thought to be smart. But more importantly, circuitry involving loans for needy companies and companies prepared to make those loans available are at the beginning of a door-opening process thanks to an encouraging Administration bent upon promoting America's rebirth in building smaller business options.
This is a no-brainer for me and I now hold:
1,508 shares with a cost basis of $12.64.
This is a much smaller position than I want but it's what I can afford to put together at the moment. There's not a doubt in my mind but that HTGC is going much higher from here.
I began my accumulation on 6/18/18 or about a week ago---and now find a gain of $300.
To say I'm pleased is vastly understating things. Yahoo! makes it clear that analysts are viewing this as a strong contender for loftier trading numbers. Barchart Opinion has it listed with a 100% "buy" declaration.
For me, though, HTGC is likely to be my first target for add-on purchases when some of the NGL distribution money comes in. And I'm reducing other holdings daily in an effort to gain a stronger foothold in HTGC.
Good luck folks. And think twice about waiting to launch. Waiting is a form of slow death, all too often.
jugs
6 years ago
Busy morning, indeed!
Been trading heavily---lots of trades, lots of decisions being made as to what stocks paid over the last few weeks versus those yet to go ex-distribution. Without going into non-board-specifics, suffice to acknowledge:
Now holding 1,100 HTGC shares with a cost basis of $12.589.
I really appreciated that this pick resisted dropping this morning for a long time. That tells me it's smart to recognize this is a relatively safe stock in which to park money for now. The yield is excellent but more appealing to me is that the shares are showing great resistance to overall market conditions---in this case---a severe downturn.
So I remain on the acquisitive trail, hoping to continue adding shares of HTGC as I can. I feel no rush as there's a long time before divvy hunters push the price point higher.
This is looking better and better to me all the time. BDCs are at the root of S&P500 plays---without capital, companies don't expect to move to higher valuations. I'm liking this company more and more as I study, read and assimilate. And I'm excited, too...as I believe profits will be racking up strongly as we move forward.
Good fortune to all here!
While I understand my followers are focusing on NGL at the moment, I do hope you'll divert a bit of cash into HTGC as it's looking stronger and stronger to me all the time.
Enjoy the day however you spend it and your cash.
jugs
6 years ago
When looking for my next primary investment vehicle, I look for a company that will become part of its investment community. When looking at Hercules, I'm struck by its determination to be "as one" with each partner.
This is how I choose my investment vehicles, as well. It behooves me to know each company in which I invest---intimately, comfortably and thoroughly. This is how I'm able to sleep well night after night, even when times are difficult for a particular investment. It's my responsibility to become intimately familiar with the companies in which I invest---so much so that I come to feel as though those companies are part of me, an extension, if you will.
My relationship with each investment is not unlike that of the equestrian with the winning horse, or the driver with his hands on the steering wheel of that splendid race car. The idea here is to be "as one" with the entity at the center of that winning vision regarded as supremely viable.
Make no mistake---HTGC may not prove to be worthy of a lot of respect from me---not yet, anyway. But I will grow as my respect grows. My investment will grow as a direct result.
So if somebody out there is looking for the next bonanza to come home, know that it starts with the first steps we take. I've taken my first steps.
jugs
6 years ago
This being one of a number of stocks held in my portfolio, I'm just now getting around to squaring off so as to develop an overall plan that may lead to fine gains in this stock.
To begin this round-up:
My current position consists of
700 shares at a cost basis of $12.50.
The position was launched on Monday, 6/18/18.
Results: Gain of $166 after deducting for commissions.
____________________________________________________________
The recently passed tax relief law will breathe new life into American companies. It should surprise nobody that smaller businesses will find early stage navigation easier than in times past. As start-up Mom & Pop business are launched, fresh monies will be sought for inventory, infrastructure, promotion (advtsg.), wages, and so many more aspects involved in day-to-day operation of any business. It is the primary function of companies such as Hercules Technology Growth Capital, Inc. that such financial aid be made available. With it, beginning businesses have a chance to make their way. Without it, there will be no future for most.
Following is an extract (complete) provided by Ameritrade. It is not as complete as I'd like so, then...by all means. go to Yahoo! as that site will fill in a lot of obvious blanks.
Hercules Capital, Inc. is a specialty finance company. The Company is an internally managed, non-diversified, closed-end investment company. The Company focuses on providing senior secured venture growth loans to venture capital-backed companies in a range of technology, life sciences, and sustainable and renewable technology industries. The Company's investment objective is to maximize its portfolio total return by generating current income from its debt investments and capital appreciation from its warrant and equity-related investments. The Company's primary business objectives are to increase its net income, net operating income and net asset value (NAV) by investing in structured debt with warrants and equity of venture capital-backed companies in technology-related industries with attractive current yields and the potential for equity appreciation and realized gains. The Company focuses its investments in companies active in the technology industry sub-sectors
Hercules will engage in business with start-ups as any venture capital organization will---providing loans often not available through banks because of restrictions governing the nature of loaning money to less secure companies trying to gain a more permanent foothold. Venture capital companies will often accept equity in lieu of cash. When the venture capital company researches well and adds things up coherently and wisely, its chances to prosper are enhanced. Thus, the venture capitalist becomes a partner in the truest sense.
This, then, is at the foundation of my reasons for being an investor in HTGC. I like the premise, I'm noting improving company fundamentals and I sense the company is knocking at the door of opportunity. America has been compressed for many years. Without getting into political dissatisfactions, I will say only that I believe the iceberg is still a ways off in the distance. That, alone, tells me I've got to continue building a position in HTGC and do so now---before the rush becomes apparent to everybody later to the party.
Happy hunting!
jugs
6 years ago
Just now took a starter position in HTGC.
Position:
300 at $12.36
I'll be watching this one for up to three months as is my custom---examining changes in valuation, profitability for myself, and more in-depth study of the balance sheet, financials and SEC filings.
Today's initial buy is based on the market's reflexive response to offerings without thought or even a clue as to why the offering should be regarded as dilutive when there may well be other issues far more important to this moment.
So, then, we wait and watch and hope to learn and grow through the process.
expediter13
10 years ago
U on this / Ran across it on a search in biotech. They happen to hold warrants... Your right, this is a one of a kind, into the real money, without being part of the big boys... GREAT MODEL... Looks like it took a while to take off, and moved to NYSE for some reason. i need to know what happened, and why.. But fundementally they are growing, market is growing, and they have the cash... With another 6 years of market to come, this could get really huge...
As they grow, it opens up whole new doors into financing with the chance to compete with major players at one point. That is where i would worry a little, a sellout of sorts.. The top players for the company could be swayed to join the Board or boards as independant advisors for Big time invesment bank types... THat type of move would be a trap for investors here as the directors of hercules could withold their investments to help those companies paying them on the side.. GET IT ?
Example : Pintrest is going public and Hercules approaches them as a possible financier... Great rate, etc... But along comes underwriter UBS, Sachs, etc. and offers board seats to henriquez, Bluestein, and others for the walk away to pintrest...
It is an inside play of "can never prove insider trade" or disclosure would never be found... Thinking and typing way off in the future....
Penny Roger$
13 years ago
Hercules Technology Growth Capital, Inc. (HTGC) is a specialty finance company that provides debt and equity growth capital to technology-related companies at all stages of development from seed and emerging growth to expansion and established stages of development, which include select publicly listed companies and lower middle market companies. The Company is an internally managed, non-diversified, closed-end investment company. The Company primarily finances privately-held companies backed by venture capital and private equity firms and also may finance certain select publicly-traded companies that lack access to public capital or are sensitive to equity ownership dilution. HTGC sources its investments through its principal office located in Silicon Valley, as well as its additional offices in the Boston and Boulder.
http://www.google.com/finance?q=HTGC
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