Hercules Capital Inc Stock Price, News & Analysis

Hercules Capital, Inc. (NYSE: HTGC) announced its participation in the 2021 RBC Capital Markets Global Financial Conference on March 10, 2021. The company, a leader in specialty financing for venture-backed growth companies, has committed over $11.1 billion to more than 520 companies since its inception in December 2003. Hercules aims to attract potential clients seeking financing opportunities. The press release emphasizes the company's robust financial background and market position, although forward-looking statements caution on potential uncertainties.

Hercules Capital (HTGC) reported strong financial performance for Q4 and full-year 2020, achieving record investment income growth of 7.2% and net investment income growth of 9.7%. The company closed over $1 billion in debt and equity commitments for the third consecutive year. Notably, Q4 saw net investment income exceed shareholder distributions, allowing a $0.05 supplemental distribution. Despite challenges, Hercules maintained strong credit quality with a weighted average debt portfolio grade improving to 2.16. The firm ended Q4 with $673.3 million in liquidity, signifying a robust position for 2021.

Hercules Capital (NYSE: HTGC) has announced a supplemental cash distribution of $0.05 per share from its undistributed taxable income as of December 31, 2020. The record date for this distribution is March 8, 2021, with payment on March 15, 2021. This comes in addition to the regular quarterly cash distribution of $0.32 per share for Q4 2020. Hercules follows a variable distribution policy aimed at distributing between 90% to 100% of its taxable income per quarter. The percentage of Qualified Interest Income for 2020 distributions is 93.52%.

Hercules Capital, Inc. (NYSE: HTGC) announced a fourth quarter 2020 cash distribution of $0.32 per share, with a record date of March 8, 2021 and a payment date of March 15, 2021. The company follows a variable distribution policy aiming to distribute 90% to 100% of its taxable income. Notably, 100% of the declared distributions are derived from current and accumulated earnings and profits. Additionally, the Qualified Interest Income percentage for the fiscal year ended December 31, 2020, stands at 93.52%.

Hercules Capital, Inc. (NYSE: HTGC) has scheduled its fourth quarter and full-year 2020 financial results conference call for February 23, 2021, at 2:00 p.m. PT. The financial results will be released after market close on the same day. Investors can access the call via phone or a live webcast on the company’s website. Hercules has committed over $11.0 billion to over 520 companies since its inception in December 2003, focusing on providing senior secured venture growth loans to high-growth, innovative companies across various industries.

Hercules Capital (NYSE: HTGC) announced a private offering of $100 million, comprising $50 million in 4.50% Notes and $50 million in 4.55% Notes, both maturing in March 2026. The November Notes will fund existing credit facilities, debt, and equity investments, while the March Notes are scheduled for issuance in March 2021. Goldman Sachs acted as the sole placement agent. Hercules has funded over $11 billion to more than 520 companies since 2003, focusing on senior secured venture growth loans.

Udacity reported a significant rise in Q3 enterprise and government bookings, increasing 120% year-over-year, with total bookings up 80%. The company achieved profitability and secured a $75 million debt facility from Hercules Capital (NYSE: HTGC). The growth is attributed to heightened demand for technology skills from various sectors including aerospace and defense. Notably, ARR surged 260% in the first half of 2020. Partnerships with industry giants like Microsoft and AT&T further bolster Udacity's position in delivering vital skills training for the future workforce.

Hercules Capital, Inc. (NYSE: HTGC) has received approval from the U.S. Small Business Administration (SBA) for a third Small Business Investment Company (SBIC) license. This 10-year license enables Hercules to access up to $175 million in fixed-rate capital for investments, furthering their capacity to support technology and life sciences companies. The approval enhances Hercules' liquidity and financing capabilities, with CEO Scott Bluestein emphasizing its importance in the current economic climate. The company has previously committed over $10.5 billion to over 500 ventures since its inception.

Hercules Capital, Inc. (NYSE: HTGC) has announced a supplemental cash distribution of $0.02 per share, payable on November 16, 2020, with a record date of November 9, 2020. This distribution is in addition to the regular third-quarter cash distribution of $0.32 per share. Hercules aims to distribute about 90% to 100% of its taxable income, with the potential for supplemental distributions. The company reported that 100% of distributions declared for the quarter ending September 30, 2020, were sourced from current earnings and profits, and qualified interest income estimated at 93.52% for 2020 distributions.