Hercules Capital Inc Stock Price, News & Analysis

Hercules Capital, Inc. (NYSE: HTGC) will hold its 2021 Annual Meeting of Stockholders virtually on June 24, 2021, at 9:00 a.m. Pacific Time. Shareholders of record as of April 23, 2021 will receive a proxy statement mailed on April 30, 2021. Key voting matters include the election of directors, an advisory vote on executive compensation, and the ratification of the independent accounting firm. Hercules has provided over $11.6 billion in loans to more than 530 companies since its inception, focusing on venture-backed firms in technology and life sciences.

Hercules Capital (NYSE: HTGC) announced a full redemption of approximately $75 million in its 5.25% Notes due 2025, scheduled for July 1, 2021. The redemption will incur a one-time non-cash expense of about $1.46 million, impacting earnings by $0.01 per share based on March 31, 2021 shares. The Notes are listed under the ticker symbol HCXZ on the NYSE. Hercules Capital has provided over $11.6 billion in financing since inception and is a leader in senior secured venture growth loans for innovative companies.

Gibraltar Business Capital announced a new $150MM line of credit with Bank of America, enhancing its ability to serve lower mid-market businesses. This credit line, which can expand to $200MM through an accordion feature, supports Gibraltar's growth and offers flexible financing options. Since joining Hercules Capital in 2018, Gibraltar has underwritten credit for over 300 borrowers with $650MM in commitments. The partnership aims to provide stability and responsive support to businesses needing capital for growth or overcoming challenges.

Hercules Capital (HTGC) reported a strong start to 2021, with record new commitments of nearly $531 million and fundings of $355.3 million for Q1. The company maintained strong credit quality, achieving the highest internal ratings in a decade. Hercules introduced a supplemental distribution of $0.28 for the fiscal year to be paid quarterly, reflecting confidence in the venture ecosystem. The investment portfolio grew to $2.4 billion while net investment income for Q1 was $34.6 million or $0.30 per share, showing resilience despite a decrease from the previous year.

Hercules Capital, Inc. (NYSE: HTGC) announced a supplemental cash distribution of $0.07 per share for Q1 2021, in addition to the regular distribution of $0.32 per share. The supplemental payment will be sourced from undistributed taxable income as of March 31, 2021. Key dates include a record date of May 12, 2021, and a payment date of May 19, 2021. Hercules aims to distribute approximately 90-100% of its income, with 88.7% of the declared distributions deemed Qualified Interest Income (QII), potentially exempt from U.S. withholding tax for non-U.S. shareholders.

Hercules Capital, Inc. (NYSE: HTGC) announced a cash distribution of $0.32 per share for Q1 2021. The record date is May 12, 2021, with payment on May 19, 2021. Hercules maintains a variable distribution policy aimed at distributing 90% to 100% of its taxable annual income. For Q1 2021, 100% of the declared distributions were sourced from current and accumulated earnings. Additionally, 88.7% of the Q1 distributions are classified as Qualified Interest Income, potentially exempt from U.S. withholding tax for foreign shareholders.

Hercules Capital, Inc. (NYSE: HTGC) has announced a conference call to discuss its first quarter 2021 financial results on April 29, 2021, at 2:00 p.m. PT. The financial results will be released after market close on the same day. Interested parties can listen by calling (877) 304-8957 and referencing Conference ID: 9664357. A live webcast will be available on the company's investor relations website, with an archived replay accessible for 90 days post-call. Hercules, a leading specialty financing provider, has committed over $11.1 billion to 520 companies since its inception.

Hercules Capital (NYSE: HTGC) has announced the successful closing of its first institutional private credit fund by Hercules Adviser LLC, a wholly-owned subsidiary. This milestone allows Hercules to expand its investment platform to meet the needs of venture and growth-stage companies. With a history of over $11.1 billion committed to more than 520 companies, Hercules continues to be a key player in providing senior secured venture growth loans in various sectors, including technology and life sciences.

Hercules Capital, Inc. (NYSE: HTGC) announced that Moody’s Investors Service has assigned it an investment grade credit rating of Baa3 with a stable outlook. This rating reflects Hercules’ strong earnings profile and diversified lending approach, showcasing a robust risk management strategy. The company has committed over $11.1 billion to more than 520 companies since its inception in 2003, focusing on senior secured loans to high-growth, venture-backed firms.