STOCK TITAN
  1. Home
  2. News
  3. HCXY

Hercules Capital Inc - HCXY STOCK NEWS

Welcome to our dedicated news page for Hercules Capital (Ticker: HCXY), a resource for investors and traders seeking the latest updates and insights on Hercules Capital.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Hercules Capital's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Hercules Capital's position in the market.

News
Hercules Capital Announces Upcoming Events for the Financial Community
Rhea-AI Summary
Hercules Capital, Inc. (NYSE: HTGC) announced its executive management team's participation in upcoming financial community events, including the Jefferies 8th Annual BDC Summit, 2023 JMP Securities BDC Summit, and SMBC Annual BDC Fixed Income Investor Event. Investors can arrange participation and meetings with management through Jefferies, JMP Securities, and SMBC.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.13%
Tags
none
-
News
Hercules Capital Reports Third Quarter 2023 Financial Results
Rhea-AI Summary
Hercules Capital, Inc. reported strong financial results for Q3 2023. Total Investment Income reached $116.7 million, a 38.6% YoY increase. Net Investment Income (NII) was $76.8 million, or $0.52 per share, up 53.6% YoY. Year-to-date Gross Fundings were $1.29 billion, a 17.7% YoY increase. Q3 2023 NII provided 130% coverage of the Base Cash Distribution. The company has approximately $4.1 billion of Assets Under Management, a 19.4% YoY increase.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.15%
Tags
earnings
-
News
Hercules Capital Declares a Total Cash Distribution of $0.48 per Share for the Third Quarter 2023
Rhea-AI Summary
Hercules Capital, Inc. announces a total cash distribution of $0.48 per share for the third quarter of 2023, consisting of a $0.40 per share base distribution and an $0.08 per share supplemental distribution. The distribution payment will be made on November 22, 2023. The company aims to distribute approximately 90% to 100% of its taxable quarterly income or potential annual income. The tax attributes of the distributions are determined annually based on the company's full-year taxable income.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.45%
Tags
earnings
News
Hercules Capital Announces Date for Release of Third Quarter 2023 Financial Results and Conference Call
Rhea-AI Summary
Hercules Capital, Inc. schedules Q3 2023 financial results conference call
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.85%
Tags
earnings
-
News
Hercules Capital Receives Reaffirmed Baa3 Investment Grade Credit and Corporate Rating from Moody’s Investors Service
Rhea-AI Summary
Moody's reaffirms Hercules Capital's Baa3 investment grade credit and corporate rating with a stable outlook.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.72%
Tags
none
-
News
Hercules Capital Announces the Appointment of Mr. Nikos Theodosopoulos to Its Board of Directors
Rhea-AI Summary
Hercules Capital appoints Nikos Theodosopoulos as independent board member
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.17%
Tags
management
News
Hercules Receives a BBB+ Reaffirmed Investment Grade Corporate Rating from Kroll Bond Rating Agency, Inc.
Rhea-AI Summary
Hercules Capital, Inc. (NYSE: HTGC) announced that KBRA has reaffirmed its BBB+ investment grade corporate and credit rating. The ratings reflect the company's diversified investment portfolio, minimal historical non-accruals, and solid credit quality. The rating reaffirmation validates Hercules' business model and institutionalized lending platform.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.29%
Tags
none
-
News
Hercules Capital Reports Second Quarter 2023 Financial Results
Rhea-AI Summary
Hercules Capital, Inc. (NYSE: HTGC) announced its financial results for Q2 2023. Total investment income increased by 61.2% YoY to $116.2 million. Net investment income (NII) was $75.7 million, or $0.53 per share, an 88.6% YoY increase. Total gross fundings for 1H 2023 reached $834.8 million, a 5.6% YoY increase. The company increased its base cash distribution to $0.40 per share, with Q2 2023 NII providing 132% coverage. Undistributed earnings spillover amounted to $148.1 million, or $1.02 per share. Assets under management increased by 19.5% YoY to approximately $4.0 billion.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.2%
Tags
earnings
-
News
Hercules Capital Increases Its Total Cash Distribution to $0.48 per Share for the Second Quarter 2023
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.32%
Tags
earnings
News
Hercules Capital Announces Date for Release of Second Quarter 2023 Financial Results and Conference Call
Rhea-AI Summary
Hercules Capital, Inc. has scheduled its second quarter 2023 financial results conference call for August 3, 2023, at 2:00 p.m. PT. The company will release its financial results after market close on the same day. A live webcast of the conference call will be available on the investor relations section of the company's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.21%
Tags
earnings
Stock HCXY logo
Hercules Capital Inc

NYSE:HCXY

HCXY Rankings

N/A Ranked by Market Cap
N/A Ranked by Stock Gains
N/A Ranked by Dividends

HCXY Stock Data

1.31B
Securities and Commodity Exchanges
Finance and Insurance
Link
US
Palo Alto

About HCXY

hercules technology growth capital, inc. (nyse: htgc) ("hercules") is the leading specialty finance company focused on providing senior secured loans to venture capital-backed companies in technology-related markets, including technology, biotechnology, life science, and energy & renewable technology industries, at all stages of development. since inception (december 2003), hercules has committed more than $4.6 billion to over 300 companies and is the lender of choice for entrepreneurs and venture capital firms seeking growth capital financing. at hercules, we provide venture debt to entrepreneurial companies at all stages of development to further their growth and help them achieve key milestones. in addition to the capital we provide, many times the access to our network of contacts and simple business advice can prove to be equally as valuable. we understand the importance of these intangibles because we, like the companies which choose hercules, also come from an entrepreneur