HTGC
Hercules Capital, Inc. Financial Services - Asset Management Investor Relations →
Hercules Capital, Inc. (HTGC) closed at $14.17 as of 2026-03-20, trading 1.0% above its 200-week moving average of $14.03. The stock moved further from the line this week, up from 0.3% last week. With a 14-week RSI of 24, HTGC is in oversold territory.
Over the past 14 weeks, down-weeks have had more trading volume than up-weeks (0.69 buyers-vs-sellers ratio). That means when people are active, they're more often selling than buying. Sellers are still more in control than buyers.
Over the past 1036 weeks of data, HTGC has crossed below its 200-week moving average 12 times. On average, these episodes lasted 9 weeks. Historically, investors who bought HTGC at the start of these episodes saw an average one-year return of +28.3%.
With a market cap of $2.6 billion, HTGC is a mid-cap stock. The company generates a free cash flow yield of 9.4%, which is notably high. Return on equity stands at 16.2%, a solid level. The stock trades at 1.1x book value.
Share count has increased 37.3% over three years, indicating dilution.
Over the past 19.9 years, a hypothetical investment of $100 in HTGC would have grown to $914, compared to $736 for the S&P 500. That represents an annualized return of 11.7% vs 10.5% for the index — confirming HTGC as a market-beating investment and the kind of quality company where buying during 200-week moving average touches has historically been rewarded.
Free cash flow has been declining. A deteriorating cash flow trend warrants extra scrutiny — the stock may be cheap for a reason.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
Growth of $100: HTGC vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After HTGC Crosses Below the Line?
Across 11 historical episodes, buying HTGC when it crossed below its 200-week moving average produced an average return of +37.4% after 12 months (median +32.0%), compared to +4.7% for the S&P 500 over the same periods. 73% of those episodes were profitable after one year. After 24 months, the average return was +64.8% vs +25.3% for the index.
Each line shows $100 invested at the moment HTGC crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
HTGC has crossed below its 200-week MA 12 times with an average 1-year return of +28.3% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Dec 2007 | Dec 2007 | 1 | 1.6% | -24.6% | +764.2% |
| Jan 2008 | Jan 2008 | 3 | 9.1% | -15.4% | +769.7% |
| Mar 2008 | Aug 2008 | 21 | 20.2% | -40.6% | +789.8% |
| Sep 2008 | Jun 2009 | 43 | 58.2% | +16.1% | +779.9% |
| Jul 2015 | Aug 2015 | 2 | 5.4% | +36.0% | +305.6% |
| Sep 2015 | Nov 2015 | 10 | 9.7% | +36.9% | +296.0% |
| Dec 2015 | Dec 2015 | 1 | 3.1% | +38.9% | +281.2% |
| Jan 2016 | Mar 2016 | 8 | 8.8% | +43.8% | +280.2% |
| Mar 2020 | May 2020 | 10 | 39.1% | +70.9% | +158.6% |
| Jun 2020 | Jul 2020 | 3 | 5.0% | +87.6% | +161.0% |
| Sep 2022 | Oct 2022 | 1 | 1.4% | +61.5% | +80.6% |
| Feb 2026 | Mar 2026 | 1 | 1.4% | N/A | +2.9% |
| Average | 9 | — | +28.3% | — |
Frequently Asked Questions
Is HTGC below its 200-week moving average?
No. Hercules Capital, Inc. (HTGC) is currently 1.0% above its 200-week moving average of $14.03. It would need to fall to $14.03 to cross below the line.
What is HTGC's 200-week moving average price?
Hercules Capital, Inc.'s 200-week moving average is $14.03 as of 2026-03-20. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when HTGC drops below its 200-week moving average?
HTGC has crossed below its 200-week moving average 12 times in our data. On average, buying at that moment produced a one-year return of +28.3%. These dips have historically been decent entry points. These episodes lasted 9 weeks on average.
Is HTGC a good value right now?
Here's what our data says about HTGC as of 2026-03-20: The stock is above its 200-week moving average, so it doesn't currently meet our primary signal. The 14-week RSI is 24 (oversold). Free cash flow yield is 9.4%. Return on equity is 16.2%. Price-to-book is 1.1x. This is not a buy or sell recommendation — always do your own research.
How does HTGC compare to the S&P 500?
Over the past 19.9 years, $100 invested in HTGC would have grown to $914, compared to $736 for the S&P 500. That's 11.7% annualized vs 10.5% for the index. HTGC has outperformed the broader market over this period.
Does HTGC pay a dividend?
Yes. Hercules Capital, Inc. currently pays a dividend yield of 1327.00%.
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of week of 2026-03-20