Hercules Capital Inc Stock Price, News & Analysis

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.

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%.