HTGC Stock Recent News

Hercules Capital achieved record results in FY 2024, with record gross funding and net investment income, making it a top BDC for dividend consistency reasons. Despite trading at a 74% premium to NAV, the recent market drop presents a new buying opportunity for dividend investors seeking high-quality recurring income. Hercules Capital's focus on technology and life sciences, along with a non-accrual percentage of 0.5%, underscores its exceptional balance sheet quality.

SAN MATEO, Calif.--(BUSINESS WIRE)--Hercules Capital, Inc. (NYSE: HTGC) (“Hercules” or the “Company”), today announced that it has agreed to sell to the initial purchasers in a private offering, $250.0 million aggregate principal amount of its 4.75% Convertible Unsecured Notes due 2028 (the “Convertible Notes”). The Company also has granted the initial purchasers an option to purchase up to an additional $37.5 million principal amount of the Convertible Notes to cover overallotments, if any. Th.

SAN MATEO, Calif.--(BUSINESS WIRE)--Hercules Capital, Inc. (NYSE: HTGC) (“Hercules” or the “Company”), today announced that it plans to make an offering of $250.0 million aggregate principal amount of its Convertible Unsecured Notes due 2028 (the “Convertible Notes”). The Company plans to grant the initial purchasers an option to purchase up to an additional $37.5 million principal amount of the Convertible Notes to cover overallotments, if any. The Convertible Notes will be offered only to qua.

BDCs have been soaring, but cracks are starting to show—here's what investors need to watch out for. We discuss why most BDCs are not worth buying now. One BDC stands out as a strong buy—find out which name offers value, safety, and sustainable dividends.

Capital Southwest offers an 11% yield, strong balance sheet, and robust deal flow, making it a compelling investment in the underserved lower middle market. Omega Healthcare Investors provides a 7.4% yield, steady long-term leases, and improving operator fundamentals, offering growth in supply constrained markets. Both CSWC and OHI present attractive high-yielding opportunities, offering stability and potentially strong returns amidst market volatility and high-growth stock pressures.

We take a look at the action in business development companies through the second week of February and highlight some of the key themes we are watching. BDCs saw a strong 2% gain, driven by solid earnings and hot inflation numbers, with CGBD underperforming due to a BOA rating cut. Morgan Stanley Direct Lending Fund seeks shareholder approval to increase shares significantly, a common practice among BDCs with minimal dilution concerns.

The 4% rule may be outdated due to current inflation and market conditions, making income stocks all the more relevant. I highlight two quality players who offer well-covered dividends and strong business models. Both companies carry strong balance sheets, and could be potentially rewarding for long-term income and growth.

Hercules Capital has shown strong portfolio growth, with a 20.63% price increase and a 33.5% total return over the past year. HTGC's portfolio is robust, with 91% first lien senior secured debt and 97.4% floating rate structure, benefiting from the high-interest rate environment. Despite a slight miss in Q4 earnings, HTGC's net investment income and total investment income have grown consistently, supported by new investments.

Solid funding commitments support Hercules Capital's Q4 earnings amid a decline in net investment income and higher operating expenses.

Hercules Capital, Inc. (NYSE:HTGC ) Q4 2024 Earnings Conference Call February 13, 2025 5:00 PM ET Company Participants Michael Hara - Senior Director, Investor Relations & Corporate Communications Scott Bluestein - Chief Executive Officer & Chief Investment Officer Seth Meyer - Chief Financial Officer Conference Call Participants Brian McKenna - Citizens JMP Crispin Love - Piper Sandler Finian O'Shea - Wells Fargo Securities John Hecht - Jefferies Christopher Nolan - Ladenburg Thalmann Paul Johnson - KBW Operator Hello, and welcome everyone to the Hercules Capital Fourth Quarter and Full Year 2024 Financial Results. At this time, all participants are in a listen-only mode.