Hercules Capital Inc Stock Price, News & Analysis

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.

Hercules Capital (NYSE: HTGC) announced the issuance of $50.0 million in 4.55% Notes due March 2026. The unsecured notes, bearing a semiannual interest rate of 4.55%, may be redeemed at the company's option. The proceeds will be utilized to pay down existing credit facilities, fund investments, and for general corporate purposes. Hercules has committed over $11.1 billion to more than 520 companies since its inception in 2003, positioning itself as a leader in providing venture growth loans to innovative businesses.

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.