Hercules Capital

Hercules is the largest non-bank lender to venture capital-backed companies at all stages of development in a broadly diversified variety of technology, life sciences, and sustainable and renewable technology industries. With over a decade of experience in venture debt, Hercules is uniquely positioned to quickly create innovative financing solutions that perfectly fit within a company's existing capital structure and map to its business objectives. Recognized as the industry leader, Hercules understands the flexibility these types of companies need and has the experience to work closely with them, even through challenging times, to help them reach critical milestones. Hercules' deep sector expertise, geographic presence and its strong capital base have made Hercules the lender of choice for more than 480 innovative companies.

Earnings data Q1 2021

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Hercules Capital achieves record performance in 2022, eyes growth opportunities

Hercules Capital's 2022 performance was exceptional, marked by record results and strong credit quality. The company's focus for 2023 includes maintaining a strong balance sheet, disciplined underwriting, and strategic investments. Anticipate increased VC investment activity and an uptick in M&A transactions in the coming year.

Hercules Capital excels in Q1 2023, eyes strategic partnerships

Hercules Capital's Q1 2023 showcased resilience and growth, with strong financial metrics and strategic initiatives. Despite market challenges, the company maintained credit quality and liquidity while exploring opportunities for expansion and partnership enhancement.

Hercules Capital (HTGC) reports record Q2 results and eyes market growth opportunities

Hercules Capital delivered strong Q2 results with record investment income and robust credit quality, showcasing expertise in deal selection and industry diversification.
While facing challenges in meeting earnings expectations and providing detailed diversification insights, the company's strong liquidity and market positioning offer opportunities for future growth and strategic investments.
Overall, Hercules Capital's performance highlights resilience in a dynamic market environment, emphasizing its potential for sustained growth and value creation for investors.

Hercules Capital (HTGC) reports record Q3 earnings and strategic growth

Hercules Capital (HTGC) delivered exceptional financial results in Q3 2023, marked by record earnings and prudent portfolio management.
The company's strategic focus on credit quality, portfolio diversification, and liquidity positions it well for future growth and investment opportunities.
Despite challenges such as asset valuation fluctuations, Hercules Capital remains resilient and poised to capitalize on market dynamics for sustained success.

Hercules Capital reports record Q4 performance and eyes growth opportunities

Hercules Capital (HTGC) delivered strong financial performance in Q4 2023, emphasizing quality, diversification, and growth in key sectors like life sciences.
While challenges exist in managing expenses and optimizing capital efficiency, the company's conservative approach and liquidity position provide a solid foundation for future success.
Opportunities lie in expanding the venture and growth stage asset class, driving platform growth, and engaging with investors at upcoming conferences.

Hercules Capital excels in Q1 2024, poised for strategic growth

Hercules Capital delivered exceptional performance in Q1 2024, with record origination and funding, strong investment income, improved credit quality, and robust liquidity, positioning the company for continued success.
The company's strengths lie in its solid balance sheet, under-levered position, focus on quality growth, and favorable standing with rating agencies, providing a strong foundation for future growth.
Challenges include managing leverage increase, debt refinancing, maintaining credit quality standards, and navigating market uncertainties, requiring strategic planning and risk management.
Opportunities for Hercules include leveraging its milestone anniversary, expanding investor base through conferences, exploring new investments, and driving sustainable growth through prudent strategies.

Hercules Capital posts record Q2 results amidst market volatility

Hercules Capital delivered a strong performance in Q2 2024, marked by record fundings and asset growth, despite anticipating increased market volatility ahead.
The company's focus on credit quality, liquidity, and diversification through SBIC licenses strengthens their resilience and growth prospects.
While facing challenges such as market volatility and prepayment expectations, Hercules Capital remains well-positioned to leverage opportunities and navigate uncertainties.

Hercules Capital (HTGC) reports record Q3 earnings amidst market challenges

Hercules Capital (HTGC) reported strong financial performance in Q3 with record total investment income and NII, despite challenges in the venture capital ecosystem.
Maintaining a defensive balance sheet approach and strong liquidity, Hercules is well-positioned to navigate market uncertainties and capitalize on growth opportunities.
While facing challenges from market slowdowns, Hercules' prudent underwriting and commitment to shareholder returns showcase resilience and long-term stability.
With opportunities arising from increased funding activity post-Fed rate action and pending commitments, Hercules is poised for potential growth in Q4 and beyond.

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Hercules Capital, Inc. is a specialty finance company, which focuses on providing senior secured loans to high-growth, innovative venture capital-backed companies in a variety of technology, life sciences, and sustainable and renewable technology industries. The company was founded by Manuel A. Henriquez in December 2003 and is headquartered in Palo Alto, CA.

In the latest trading session, Hercules Capital (HTGC) closed at $16.41, marking a +0.98% move from the previous day.

Hercules Capital (HTGC) Outperforms Broader Market: What You Need to Know

Engene Holdings Inc

BOSTON and MONTREAL , Dec. 22, 2023 /PRNewswire/ - enGene Holdings Inc. ("enGene," Nasdaq: ENGN), a clinical-stage genetic medicines company whose lead EG-70 program is in a pivotal study for BCG-unresponsive non-muscle invasive bladder cancer (NMIBC), announced today that it has entered into an amended USD $50 million loan agreement (the "Loan Agreement") with Hercules Capital, Inc. (NYSE: HTGC) ("Hercules"). Under the Loan Agreement, which has a term of four years, $22.5 million has been advanced to enGene under a non-revolving term loan and, subject to certain clinical and financial milestones, up to a further $27.5 million in loan proceeds may be available subject to satisfaction of certain terms and conditions.

enGene Announces Expanded $50 Million Debt Facility with Hercules Capital

Hercules Capital is a BDC that has beaten the S&P 500 in total returns thanks to its high yield and reinvested dividends. HTGC focuses on high-growth sectors in the hardware, software, and medical/pharmaceutical space, and is participating in a robust lending environment. HTGC has a well-covered 10% dividend yield, a conservative debt management approach, and an attractive valuation, making it a solid investment choice at present.

10%-Yielding Hercules Capital: Better Ingredients, Better Outcomes

Hercules Technology by law is required to pay at least 90% of taxable income to investors. The stock is currently yielding close to 12% and has a total return of 32% so far in 2023.

This Dividend Stock Has Returned 157% Over the Past 10 Years. You Can Buy It Today for Just $15

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Hercules Capital's (HTGC) top line is expected to keep improving, driven by the growing demand for customized financing.

Rise in Customized Financing Aids Hercules Capital (HTGC)

Here is how Hercules Capital (HTGC) and Assured Guaranty (AGO) have performed compared to their sector so far this year.

Are Finance Stocks Lagging Hercules Capital (HTGC) This Year?

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Oaktree Specialty Lending

Solar Capital

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Sixth Street Specialty Lending

Ares Capital Corp. and Sixth Street Specialty Lending Inc. held onto the highest debt ratings among the 21 business development companies covered by Fitch Ratings, amid expectations that the sector will face economic headwinds in 2024, but with no major impact to their balance sheets.

Business development companies should withstand 2024 economic slowdown, but credit conditions will weaken, Fitch says

Main Street Capital and Hercules Capital are stellar Business Development Companies (BDCs) with distinct strengths. Main Street Capital has a higher exposure to equities, contributing to net investment income and net asset value growth. Hercules Capital focuses more on senior secured lending, offering a different risk profile. Both BDCs have strong NAV growth and dividend coverage ratios.

Main Street Capital Vs. Hercules Capital: Why Choose?

Crescent Capital BDC Inc

Fidus Investment

PennantPark Investment

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There are 48 Business Development Companies, or BDCs, currently in the U.S. market and they collectively manage about $50 billion in capital. Many investors are interested in BDCs because they provide a steady stream of income, typically quarterly, but not all have increased their quotation over time. In fact, only about 23%, or 11, of dividend-paying BDCs have a positive price trend since inception.

BDCs For An Income Portfolio

Business Development Companies (BDCs) with predominantly floating rate portfolios will benefit from higher interest rates, bringing in extra income. Golub Capital is a conservative BDC with a focus on first-lien loans and a well-diversified portfolio. Additionally, they trade at a slight discount to their NAV price. Sixth Street Specialty Lending and Hercules Capital are also strong BDC options with first-lien focus and solid financials.

3 High-Quality BDCs For A Higher For Longer Environment

Hercules Capital remains a top choice for passive income investors despite a high premium to NAV. The BDC showed strong growth in net investment income and benefited from floating-rate debt investments. Credit quality remained solid, with only a slight deterioration, making Hercules Capital a safe investment with a 10% yield.

Hercules Capital: This 10% Yield Is Solidly Covered By NII (Upgrade)

I've doubled my position in HTGC since the summer on the back of a 12% aggregate dividend yield that's 108% covered by fiscal 2023 third-quarter net investment income. The BDC's loans on non-accrual status rose to 2.6% of fair value as of the end of its third quarter but credit underwriting standards remain strong. Whilst venture capital fundraising activity has fallen to its lowest level in years, a dovish Fed pivot early next year could set the backdrop for a recovery.

Hercules Capital: 10% Yield, My Largest BDC Position

Newtek Business Services

Triplepoint Venture Growth BDC

Business Development Companies are an important part of the U.S. financial system, providing loans to private companies and offering high yields to investors. TriplePoint Venture Growth is a small BDC with a focus on venture lending, offering high yields but with higher risks due to problematic loans. Hercules Capital is a unique and well-performing BDC with exceptional underwriting and a strong track record, making it a good investment option.

How To Invest $1,000 Per Month (November Edition)

PALO ALTO, Calif.--(BUSINESS WIRE)--Hercules Capital, Inc. (NYSE: HTGC) (“Hercules” or the “Company”), the largest and leading specialty financing provider to innovative venture, growth and established stage companies backed by some of the leading and top-tier venture capital and select private equity firms, today announced that the U.S. Small Business Administration (“SBA”) has issued a “green light” letter inviting Hercules to submit an application to obtain a license to form and operate a fo.

Hercules Capital Receives SBA “Green Light” Letter to Submit Its Fourth SBIC License Application

PALO ALTO, Calif.--(BUSINESS WIRE)--Hercules Capital, Inc. (NYSE: HTGC) (“Hercules” or the “Company”), the largest and leading specialty financing provider to innovative venture, growth and established stage companies backed by some of the leading and top-tier venture capital and select private equity firms, today announced that members of the executive management team will be participating at the following events for the financial community: Jefferies 8th Annual BDC Summit Wednesday, November.

Hercules Capital Announces Upcoming Events for the Financial Community

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Columbia Seligman Premium Technology Growth Func Inc

Simplify Volatility Premium ETF

Cambria Shareholder Yield ETF

It is possible to build a high yield portfolio and substantially beat the market (S&P 500) on total return. Aggressive yield growth is possible for even a high yield portfolio. A quality high yield portfolio does not shrink but can grow your principal beyond inflation.

9% Yielding Portfolio To Crush The Market

Horizon Technology Finance

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Trinity Capital

Business development companies (BDCs) often pay generous dividends. BDCs Hercules Technology, Horizon Technology Finance, and Trinity Capital all yield more than 10%.

You Can Buy All 4 of These Ultra-High Yield Dividend Stocks for Less Than $100

Hercules Capital (HTGC) records increased revenues and expenses in the third quarter of 2023.

Hercules Capital (HTGC) Q3 Earnings Beat on Higher Revenues

The headline numbers for Hercules Capital (HTGC) give insight into how the company performed in the quarter ended September 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Hercules Capital (HTGC) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates

Hercules Capital, Inc. (NYSE:HTGC ) Q3 2023 Earnings Conference Call November 2, 2023 5:00 PM ET Company Participants Michael Hara – Managing Director-Investor Relations Scott Bluestein – Chief Executive Officer and Chief Investment Officer Seth Meyer – Chief Financial Officer Conference Call Participants Crispin Love – Piper Sandler Christopher Nolan – Ladenburg Thalmann Ryan Lynch – KBW Finian O'Shea – Wells Fargo Operator Good day and thank you for standing by. Welcome to the Hercules Capital Q3 2023 Earnings Conference Call.

Hercules Capital, Inc. (HTGC) Q3 2023 Earnings Call Transcript

Hercules Capital (HTGC) came out with quarterly earnings of $0.52 per share, beating the Zacks Consensus Estimate of $0.50 per share. This compares to earnings of $0.39 per share a year ago.

Hercules Capital (HTGC) Surpasses Q3 Earnings and Revenue Estimates

PALO ALTO, Calif.--(BUSINESS WIRE)--Hercules Capital, Inc. (NYSE: HTGC) (“Hercules” or the “Company”), the largest and leading specialty financing provider to innovative venture, growth and established stage companies backed by some of the leading and top-tier venture capital and select private equity firms, today announced its financial results for the third quarter ended September 30, 2023. The earnings release can be accessed at Hercules' Investor Relations website at https://investor.htgc.c.

Hercules Capital Reports Third Quarter 2023 Financial Results

PALO ALTO, Calif.--(BUSINESS WIRE)--Hercules Capital, Inc. (NYSE: HTGC) (“Hercules” or the “Company”), the largest and leading specialty finance provider to innovative, venture, growth and established stage companies backed by some of the leading and top-tier venture capital and select private equity firms, is pleased to announce that its Board of Directors has declared a third quarter 2023 total cash distribution of $0.48 per share. The following shows the key dates of the third quarter 2023 d.

Hercules Capital Declares a Total Cash Distribution of $0.48 per Share for the Third Quarter 2023

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“Value ranking, looks at the price of a stock relative to intrinsic firm value. Graham Value Stocks match the criteria Benjamin Graham followed. “—YCharts Value Screener. 68 November Value large caps and Graham formula-derived results reflect established value-stock detection-criteria. Of those, 58 met the dogcatcher-Notorious-ideal of dividends from $1K invested exceeding their single-share-stock-prices. Representing eight-of-eleven Morningstar Sectors, all 58 ideal value-picks pay regular-dividends. Broker-target-top-ten net-gains ranged 38.29%-81.03%, topped by SBSW & SQM, as-of 10/23/23.

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News for Hercules Capital ETF (HTGC)