Welcome to our dedicated page for Hercules Capital news (Ticker: HTGC), a resource for investors and traders seeking the latest updates and insights on Hercules Capital stock.
Hercules Capital, Inc. provides senior secured venture growth loans to high-growth, venture capital-backed and institutional-backed companies, with an emphasis on technology and life sciences industries. Its updates commonly address debt and equity commitments, loan fundings, portfolio-company financings, net investment income, net asset value, leverage, available liquidity and recurring cash distributions.
Hercules also reports developments involving credit ratings, annual meeting and proxy matters, executive leadership, and its asset management activity through Hercules Adviser LLC and related Adviser Funds. The company’s common stock trades on the NYSE under HTGC, and its retail notes trade under HCXY.
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.
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.