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.

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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.

SAN MATEO, 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 event for the financial community: KBW 2024 BDC Midtown March New York, NY Wednesday, Oc.

Hercules Capital Announces Upcoming Event for the Financial Community

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HTGC's top line is expected to keep improving, driven by the growing demand for customized financing. Rising expenses might hurt its profits.

Rise in Customized Financing Aids Hercules Capital Amid Cost Woes

In the most recent trading session, Hercules Capital (HTGC) closed at $19.57, indicating a +0.57% shift from the previous trading day.

Hercules Capital (HTGC) Ascends But Remains Behind Market: Some Facts to Note

Hercules Capital is a top-tier BDC with a strong track record, focusing on first-lien debt investments across five sectors from the 'new economy'. HTGC's floating-rate loans benefit from high-interest rates, but potential rate cuts could impact income while lowering debt costs and improving deal sourcing. Rising non-accruals and tighter liquidity are concerns, reflecting broader economic challenges and increasing risks in the BDC sector.

Is Hercules Capital Worthy Of Its Name? Volatility Is Coming

Hercules Capital is my only VC-focused BDC with a buy rating, mainly due to its disciplined credit underwriting and defensive yield. Since my initial January 2024 thesis, HTGC has delivered significant alpha relative to the BDC index, clearly validating my investment stance. Despite a sharp decline post-Q2 2024 earnings, HTGC's fundamentals remain strong, warranting continued confidence in its cash generation and dividend coverage.

Hercules Capital: The Yield And Underlying Value Remain Attractive

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Recent market volatility has created attractive buying opportunities in high-yield stocks like Hercules Capital and Plains All American. HTGC offers a 10.4% total dividend yield, driven by a low-cost structure, strong portfolio performance, and robust operating fundamentals. PAA provides a very well-covered 7.3% distribution yield, supported by growing volumes, strong liquidity, and disciplined capital allocation.

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Arcus Biosciences

HAYWARD, Calif.--(BUSINESS WIRE)--Arcus Biosciences, Inc. (NYSE:RCUS), a clinical-stage, global biopharmaceutical company focused on developing differentiated molecules and combination therapies for people with cancer, today reported it has obtained a $250 million term loan facility from Hercules Capital, Inc. (NYSE: HTGC), a leader in customized debt financing for companies in life sciences and technology-related markets. The additional capital strengthens Arcus's balance sheet and increases f.

Arcus Biosciences Secures Up to $250 Million Term Loan Facility from Hercules Capital

Hercules Capital's valuation corrected at the beginning of the month due to economic concerns, but second-quarter earnings were strong. The BDC focuses on technology, life sciences, and renewable technology industries, with a debt portfolio valued at $3.41B in Q2'24. Portfolio and income trends are positive. Hercules Capital delivered 9% Y/Y NII growth in Q2'24.

Hercules Capital: This 10% Yield Is On Sale (Rating Upgrade)

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SAN MATEO, 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 Kroll Bond Rating Agency, Inc. (“KBRA”) has reaffirmed Hercules' investment grade corporate and credit rating of BBB+. KBRA issued a statement announcing the reaffirmat.

Hercules Capital Receives a BBB+ Reaffirmed Investment Grade Corporate Rating from Kroll Bond Rating Agency, Inc.

Hercules Capital released record results for the second quarter, showing strong investment originations and healthy dividend pay-out ratio. Despite being expensive with a 63% premium to net asset value, Hercules Capital is considered a deep-value BDC buy. The market chaos last week created selling pressure on Hercules Capital, but the BDC remains a solid investment with high dividend stability.

Hercules Capital: 9% Yield And Deep Value

Best-of-breed stocks in the BDC segment like Hercules Capital offer the potential for outsized total returns and high current income. HTGC has operational efficiency, alignment of interest due to internal management, and a strong balance sheet. The stock offers a 10.3% dividend yield that's well-covered by NII, strong portfolio performance and growth potential.

Hercules Capital: Magnificent 10% Yield, 128% Dividend Coverage

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Hercules Capital offers a 10%+ dividend yield. Is this payout sustainable? HTGC's loan portfolio yields around 14%, with high overall credit quality. With a strong cost of capital arbitrage, we think NAV is set to grow and payouts should remain stable. Some are worried about the rate cycle, but HTGC's portfolio has built in hedges. We estimate only a 14% drop in profit if rates drop 200bps over the next year.

Hercules Capital: Is This 10.5% Yield Sustainable?

HTGC had record earnings in 2023 and in Q2 2024. It has demonstrated 10%-plus five-year dividend growth. Analysts' price targets and valuations were discussed, along with profitability, leverage, and performance.

Hercules Capital BDC: 10% Yield, Record Earnings

Higher total investment income and solid balance sheet support Hercules Capital's (HTGC) Q2 earnings, with rising costs being an offsetting factor.

Hercules Capital (HTGC) Q2 Earnings Meet Estimates, Costs Up

Hercules Capital, Inc. (NYSE:HTGC ) Q2 2024 Earnings Conference Call August 1, 2024 5:00 PM ET Company Participants Michael Hara - Managing Director, Investor Relations Scott Bluestein - Chief Executive Officer & Chief Investment Officer Seth Meyer - Chief Financial Officer Conference Call Participants Crispin Love - Piper Sandler Casey Alexander - Compass Point Research Christopher Nolan - Ladenburg Thalmann Douglas Harter - UBS Finian O'Shea - Wells Fargo Securities Paul Johnson - KBW Operator Good day, everyone, and thank you for standing by. Welcome to Hercules Capital Second Quarter 2024 Financial Results and Conference Call.

Hercules Capital, Inc. (HTGC) Q2 2024 Earnings Call Transcript

While the top- and bottom-line numbers for Hercules Capital (HTGC) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Hercules Capital (HTGC) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Hercules Capital (HTGC) came out with quarterly earnings of $0.51 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.53 per share a year ago.

Hercules Capital (HTGC) Q2 Earnings Match Estimates

SAN MATEO, 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 second quarter ended June 30, 2024. The earnings release can be accessed at Hercules' Investor Relations website at https://investor.htgc.com/f.

Hercules Capital Reports Second Quarter 2024 Financial Results

Hercules Capital (HTGC) is expected to have recorded a y/y increase in revenues in the second quarter of 2024.

News for Hercules Capital ETF (HTGC)