Hercules Capital Inc Stock Price, News & Analysis

Hercules Capital, Inc. (NYSE: HTGC) has announced its conference call for fourth quarter and full-year 2022 financial results, scheduled for February 16, 2023, at 2:00 p.m. PT. The company, a leader in providing specialty financing to innovative growth companies, will release its financial results after market close that day. Hercules has committed over $16 billion to more than 600 companies since its inception in December 2003, focusing primarily on technology and life sciences sectors. Investors can access the call via registration, with a live webcast also available on its investor relations website.

Hercules Capital (NYSE: HTGC) announced its participation in the KBW BDC Midtown event on December 14, 2022, in New York, NY. The company, a leading specialty finance provider, focuses on senior secured venture growth loans for high-growth, venture capital-backed firms across technology, life sciences, and renewable sectors. Since December 2003, Hercules has committed over $16 billion to more than 600 companies, positioning itself as a crucial lender for entrepreneurs. Additionally, Hercules has a retail bond issuance (NYSE: HCXY).

Hercules Capital, Inc. (NYSE: HTGC) has announced the participation of its executive management team in several upcoming financial community events. These include the Jefferies BDC Summit and FitchRatings BDC Conference on November 16, 2022, followed by the JMP Securities Financial Services and Real Estate Conference on November 17, 2022. Hercules Capital, the largest specialty financing provider, has committed over $16 billion to more than 600 companies since its inception in December 2003, focusing on senior secured venture growth loans for innovative sectors.

Hercules Capital, Inc. (NYSE: HTGC) reported a record total gross debt and equity commitments of $2.48 Billion for Q3 2022, with gross fundings reaching $1.10 Billion. The company saw a net debt portfolio growth of $465.1 Million and total investment income increased by 20% year-over-year to $84.2 million. Hercules also announced a net investment income of $0.39 per share, covering the increased base distribution payout of $0.36.

Undistributed earnings stand at $134.1 Million.

Hercules Capital, Inc. (NYSE: HTGC) has scheduled its third quarter 2022 financial results conference call for November 2, 2022, at 2:00 p.m. PT (5:00 p.m. ET). Financial results will be released after market close on the same day. The company is a leader in providing senior secured venture growth loans, having committed over $15 billion to more than 590 companies since its inception in December 2003. Investors can access a live webcast of the call on their website, with an archived version available for 30 days.

Hercules Capital, Inc. (NYSE: HTGC) has announced a supplemental cash distribution of $0.15 per share, set to be paid on November 17, 2022, following the record date of November 10, 2022. This distribution is in addition to the regular quarterly cash distribution of $0.36 per share for Q3 2022. The supplemental distribution is derived from undistributed taxable income as of September 30, 2022. Hercules' Board aims to distribute approximately 90% to 100% of its taxable income annually.

Hercules Capital (NYSE: HTGC) has declared a third-quarter 2022 cash distribution of $0.36 per share, with key dates of record on November 10, 2022 and payment on November 17, 2022. The company follows a variable distribution policy, aiming to distribute up to 100% of its taxable income for the year. For Q3 2022, 100% of the declared distributions were from current earnings. Additionally, 87.1% of these distributions qualify as “Qualified Interest Income” exempt from U.S. withholding tax for foreign shareholders.

Hercules Capital, Inc. (NYSE: HTGC) announced that Kroll Bond Rating Agency reaffirmed its investment grade corporate and credit rating at BBB+ with a stable outlook. This rating underscores Hercules' effective venture capital lending strategy and the strong management team's capabilities. The rating reflects the company's focus on senior secured debt investments in technology and life sciences, minimal non-accruals, and solid capital market access. Since its inception, Hercules has committed over $15 billion to more than 590 companies, establishing itself as a leading finance provider.

Hercules Capital (NYSE: HTGC) reported record financial metrics for the first half of 2022, including total gross debt and equity commitments of $1.66 billion and gross fundings of $790.7 million. The net debt investment portfolio grew by $359.8 million. For Q2, total gross debt and equity commitments reached $1.04 billion, and the quarterly base cash distribution increased to $0.35 per share. The company also announced an undistributed earnings spillover of $150.5 million.