HTGC Stock Recent News

Hercules Capital is a top BDC choice for passive income investors, offering solid dividends supplemented by non-base distributions and strong credit quality. The BDC focuses on the technology sector, with a portfolio value of $3.9 billion and a low non-accrual ratio of 0.5%. Despite a premium valuation, Hercules Capital's consistent performance, high net investment income, and supplemental dividends justify its 'Strong Buy' rating.

GAITHERSBURG, Md., May 13, 2025 (GLOBE NEWSWIRE) -- Altimmune, Inc. (Nasdaq: ALT), a late clinical-stage biopharmaceutical company developing novel peptide-based therapeutics for liver and cardiometabolic diseases, today announced that it has entered into an agreement with Hercules Capital, Inc. (NYSE: HTGC), a leader in debt financing for life science companies, for up to $100 million in a credit facility, with a $15 million tranche funded at closing.

We take a look at the action in business development companies through the first week of May and highlight some of the key themes we are watching. BDCs fell around 1.5% this week due to a couple of weak Q1 reports, with the sector still below pre-Liberation Day levels. Despite recent dips, historically resilient BDCs are showing strong ROE figures, suggesting selective opportunities for patient investors.

Despite my usual inclination to invest in dividend-paying stocks, current market valuations and economic risks lead me to prefer raising cash over investing. The 10-year Treasury yield reflects a tug-of-war between inflation and economic weakness, influenced by tariffs and trade uncertainties. The recent U.S.-U.K. trade deal is a positive development, but it doesn't fully offset the higher tariffs still in place post-"Liberation Day."

BDCs, previously top performers due to high yields and rising rates, now face selling pressure amid economic uncertainty and potential interest rate cuts. Hercules Capital and Trinity Capital, despite solid fundamentals, may see tighter dividend coverage and selling pressure if rates decline as expected. Both BDCs have strong balance sheets and spillover income, ensuring near-term dividend safety despite potential economic headwinds.

SAN MATEO, Calif.--(BUSINESS WIRE)--Hercules Capital, Inc. (NYSE: HTGC) (“Hercules” or the “Company”), will conduct its 2025 Annual Meeting of Stockholders by virtual meeting on Wednesday, June 18, 2025 at 9:00 a.m. (Eastern Time). The proxy statement for the meeting was filed on April 24, 2025 and mailed to stockholders of record as of April 17, 2025. 2025 Annual Meeting of Stockholders June 18, 2025 at 9:00 a.m. Eastern Time Virtual Meeting via Internet: http://www.virtualshareholdermeeting.c.

Hercules Capital's first-quarter 2025 earnings narrowly miss estimates due to a dip in total investment income amid a modest rise in expenses.

While the top- and bottom-line numbers for Hercules Capital (HTGC) give a sense of how the business performed in the quarter ended March 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Hercules Capital, Inc. (HTGC) Q1 2025 Earnings Call Transcript

Hercules Capital (HTGC) came out with quarterly earnings of $0.45 per share, missing the Zacks Consensus Estimate of $0.46 per share. This compares to earnings of $0.50 per share a year ago.