Hercules Capital Inc Stock Price, News & Analysis

Hercules Capital has announced a supplemental cash distribution of $0.15 per share, in addition to the regular quarterly distribution of $0.33 for Q1 2022. This payment is sourced from undistributed taxable income as of March 31, 2022. Noteworthy dates include May 17, 2022 for the record date and May 24, 2022 for the payment date. Hercules maintains a variable distribution policy aiming for 90% to 100% of taxable income, allowing for potential supplemental payments based on performance.

Hercules Capital has declared a first quarter 2022 cash distribution of $0.33 per share, with record and payment dates on May 17 and May 24, respectively. The company maintains a variable distribution policy aiming to distribute 90%-100% of its taxable income. For the first quarter, all distributions were derived from current and accumulated earnings. Additionally, 100% of this quarter's distributions qualify as exempt from U.S. withholding tax for non-U.S. shareholders. Hercules has committed over $13 billion to more than 560 companies since 2003.

Convoy has successfully raised $260 million in funding, elevating its valuation to $3.8 billion. The raise includes a $160 million Series E preferred equity round led by Baillie Gifford and a $100 million venture-debt investment from Hercules Capital (HTGC). Additionally, Convoy secured a $150 million line of credit from J.P. Morgan. This capital will support the development of technologies designed to enhance efficiency in the rapidly growing $800 billion trucking industry, amidst rising customer demand.

Hercules Capital, Inc. (NYSE: HTGC) announced that DBRS Morningstar has reaffirmed its BBB investment grade corporate rating, revising the trend from stable to positive. This change reflects Hercules' strong scale, moderate financial leverage, and effective risk management. The positive trend indicates resilience through business cycles and favorable positioning in a rising interest rate environment. Hercules has committed over $13 billion to more than 560 companies since inception in December 2003, highlighting its commitment to venture growth financing.

Hercules Capital, Inc. (NYSE: HTGC) will host a conference call on May 5, 2022, at 2:00 p.m. PT to discuss its first quarter 2022 financial results, releasing results post-market close. Investors can tune in by calling (877) 304-8957 or via a live webcast available on investor.htgc.com. Hercules Capital, recognized for its specialty financing services, has committed over $13 billion to more than 560 companies since its inception in 2003.

Hercules Capital, Inc. (NYSE: HTGC) announced its participation in the Piper Sandler Western Financial Services Conference on March 8, 2022, in San Diego, CA. The company is a leading specialty financing provider focused on delivering senior secured venture growth loans to innovative, venture capital-backed firms. Since inception, Hercules has committed over $13 billion to more than 560 companies. Hercules also operates an asset management business through Hercules Adviser LLC, which manages investments for external parties.

Hercules Capital reported record financial results for the fourth quarter and full-year 2021, announcing total gross debt and equity commitments of $2.64 billion, up 122.1% year-over-year. Q4 gross fundings reached $503.3 million, while net investment income for Q4 was $0.35 per share, offering 106% coverage of base distributions. The company declared a new $0.60 supplemental distribution, payable quarterly starting March 2022. Additionally, undistributed earnings spillover amounted to $192.1 million.

Hercules Capital has declared a new supplemental cash distribution of $0.60 per share, to be distributed over four quarters, starting with $0.15 for Q4 2021. This is an increase from the previously declared $0.07 per share. The record date for this distribution is March 9, 2022, and the payment date is March 16, 2022. Hercules aims to distribute 90%-100% of its taxable income annually, benefiting shareholders through regular and supplemental distributions.

Hercules Capital (NYSE: HTGC) announced a cash distribution of $0.33 per share for the fourth quarter of 2021, with a record date of March 9, 2022 and a payment date of March 16, 2022. The company maintains a variable distribution policy aimed at distributing 90% to 100% of its taxable income annually. For Q4 2021, 88.3% of declared distributions were classified as Qualified Interest Income (QII), potentially exempt from U.S. withholding tax for foreign shareholders. Hercules has committed over $13 billion to more than 540 companies since its inception in 2003.