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.

Dynatronics

Eagan, Minnesota--(Newsfile Corp. - August 4, 2023) - Dynatronics Corporation (NASDAQ: DYNT) ("Dynatronics" or the "Company"), a leading manufacturer of athletic training, physical therapy, and rehabilitation products, today announced that on August 1, 2023 the Company and its subsidiaries entered into a new Loan and Security Agreement ("the credit facility") with Gibraltar Business Capital, LLC ("Gibraltar"). Brian Baker, President and Chief Operating Officer, commented, "Over the past few years, Dynatronics has made substantial progress to optimize its cost structure and strengthen its balance sheet.

Dynatronics Corporation Announces New Credit Facility

Higher total investment income driven by an increase in prepayments supports Hercules Capital's (HTGC) Q2 earnings.

Hercules Capital (HTGC) Gains on Q2 Earnings & Revenue Beat

While the top- and bottom-line numbers for Hercules Capital (HTGC) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Hercules Capital (HTGC) Reports Q2 Earnings: What Key Metrics Have to Say

Hercules Capital (HTGC) came out with quarterly earnings of $0.53 per share, beating the Zacks Consensus Estimate of $0.50 per share. This compares to earnings of $0.32 per share a year ago.

Hercules Capital (HTGC) Q2 Earnings and Revenues Top Estimates

Hercules Capital, Inc. (NYSE:HTGC ) Q2 2023 Earnings Conference Call August 3, 2023 5:00 PM ET Company Participants Michael Hara - Managing Director of Investor Relations and Corporate Communications Scott Bluestein - Chief Executive Officer and Chief Investment Officer Seth Meyer - Chief Financial Officer and Chief Accounting Officer Conference Call Participants John Hecht - Jefferies LLC Crispin Love - Piper Sandler & Co. Casey Alexander - Compass Point Research & Trading Christopher Nolan - Ladenburg Thalmann & Co. Inc. Paul Johnson - Keefe, Bruyette, & Woods, Inc. Operator Good day, and thank you for standing by. Welcome to the Hercules Capital Second Quarter 2023 Earnings Conference Call.

Hercules Capital, Inc. (HTGC) Q2 2023 Earnings Call Transcript

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 second quarter ended June 30, 2023. The earnings release can be accessed at Hercules' Investor Relations website at https://investor.htgc.com/f.

Hercules Capital Reports Second Quarter 2023 Financial Results

Improvement in interest income on higher rates and solid prepayments are likely to have supported Hercules Capital's (HTGC) Q2 earnings.

What's in Store for Hercules Capital (HTGC) in Q2 Earnings?

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 increased and declared a second quarter 2023 total cash distribution of $0.48 per share. The following shows the key dates of the secon.

Hercules Capital Increases Its Total Cash Distribution to $0.48 per Share for the Second Quarter 2023

Heron Therapeutics

SAN DIEGO , July 24, 2023 /PRNewswire/ -- Heron Therapeutics, Inc. (Nasdaq: HRTX), a commercial-stage biotechnology company focused on improving the lives of patients by developing and commercializing therapeutic innovations that improve medical care, announced today that it has entered into a securities purchase agreement to sell in a private placement to institutional investors, led by existing investor Rubric Capital Management LP and including existing and new investors, including Velan Capital, Clearline Capital and Hercules Capital, Inc. (NYSE: HTGC), 20,734,917 shares of its common stock at a purchase price of $1.37 per share, and, to certain investors in lieu of common stock, pre-funded warrants to purchase up to 1,162,891 shares of common stock at a purchase price of $1.3699 per pre-funded warrant, which represents the per share offering price for the common stock less the $0.0001 per share exercise price for each share underlying the pre-funded warrant. Gross proceeds of the private placement are expected to be approximately $30.0 million, before deducting expenses.

Heron Therapeutics Announces $30 Million Private Placement Financing

Horizon Technology Finance

Main Street Capital

Barings Corporate Investors

Trinity Capital

We take a look at the action in business development companies through the second week of July and highlight some of the key themes we are watching. BDCs had another strong week, extending the year-to-date rally to double-digit figures. BDC investors often forget that they are not entitled to a given company's total NAV returns and need to take the valuation into account.

BDC Weekly Review: Investors Don't Get The NAV Return

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Hollywood Strike Poses Key Risk To These Stocks—Even If Barbie And Oppenheimer Smash The Box Office

Blackstone Secured Lending Fund

High interest rates, decent demand for finance, strong asset quality and regulatory changes are likely to keep aiding the Zacks SBIC & Commercial Finance industry players like Blackstone Secured (BXSL), Main Street (MAIN) and Hercules Capital (HTGC).

3 SBIC & Commercial Finance Stocks From the Flourishing Industry

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 it has scheduled its second quarter 2023 financial results conference call for Thursday, August 3, 2023, at 2:00 p.m. PT (5:00 p.m. ET). Hercules will release its finan.

Hercules Capital Announces Date for Release of Second Quarter 2023 Financial Results and Conference Call

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

Hercules Capital (HTGC) Rides on Robust Loan Originations

Investors need to pay close attention to Hercules Capital (HTGC) stock based on the movements in the options market lately.

Is the Options Market Predicting a Spike in Hercules Capital (HTGC) Stock?

Hercules Capital's total assets and net investment income have grown significantly over the past decade, and it has managed to increase its net investment income to asset ratio. The company's early loan repayments have been higher than expected, indicating a high-quality loan portfolio. Despite the failure of other banks in the current market conditions, Hercules Capital has managed to thrive due to its strategic investments and ability to identify and target growth companies.

Hercules Capital: High Dividend Yield, Growing Portfolio, And High Credit Quality

Hercules Capital is a $2B cap BDC that specializes in providing debt financing to innovative, high-growth venture capital-backed companies primarily in the pre-IPO and M&A stages. HTGC's ROAE and ROAA are 860 and 380 basis points higher than the peer group's averages, respectively. The firm is outperforming most peers significantly. The failure of a competitor presented a significant opportunity for growth and leadership in venture and growth-stage lending for HTGC in 2023.

Hercules Capital: A Solid Hold, Yielding Over 10%

Triplepoint Venture Growth BDC

This article compares HTGC and TPVG, currently paying dividend yields of 13% to 14%, supported by debt and equity investments in venture capital (VC)-backed technology and high-growth companies. We compare the credit quality of their portfolios to identify which one will likely outperform. I currently own one of these BDCs due to its relatively safer portfolio and have provided a list of positive and negative considerations.

Venture Debt Opportunity Yielding 13% To 14% For Your Portfolio: Hercules Or TriplePoint?

Hercules Capital is a business development company specializing in direct lending to venture and growth-stage companies. HTGC has recovered remarkably from its March decline. The specialized BDC has benefited from the gaps left behind by the failure of Silicon Valley Bank. Astute dip buyers capitalized on its attractive valuation in March. While its valuation is less attractive, I gleaned that the opportunity remains favorable. Also, HTGC is at the cusp of recovering its bullish bias, leading to more robust buying sentiments.

Hercules Capital: The Tide Is Turning - Buy While It's Cheap (Rating Upgrade)

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Tightening financial conditions have led to a significant decrease in preferred stock and ETD offering activity, with only one new preferred stock offered in May. Allstate issued non-cumulative perpetual preferred shares with a fixed 7.375% dividend rate, while Gladstone Investment Corporation offered $65 million worth of 8% senior notes due 2028. CDx3 preferred stocks ranked 10 out of 10 are selling at an average discount to par of about 7.4% and offer an average current yield of 6.37%.

One Single New Preferred Stock IPO This Month

Investors must keep solid dividend-yielding stocks like Hercules Capital (HTGC) on the radar amid the challenging macroeconomic environment.

Hercules Capital (HTGC) in Focus on 11.4% Dividend Yield

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A brief review of some of the positions we like at the moment. Yields ranging from 5% to 10+% in relation to embedded risks.

8 Income Picks For Any Taste With Yields From 5 To 10+%

Hercules Capital (HTGC) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, HTGC broke through the 200-day moving average, which suggests a long-term bullish trend.

Hercules Capital (HTGC) Crossed Above the 200-Day Moving Average: What That Means for Investors

Hercules Capital declared a total cash dividend of $0.47 per share for 1Q-23 at the beginning of May. Dividend coverage was 120%+. I don't think investors need to worry about the dividend.

Hercules Capital: This 11.7% Yielder Is Now My Largest BDC Position

News for Hercules Capital ETF (HTGC)