Hercules Capital Reports First Quarter 2024 Financial Results
03 5월 2024 - 5:05AM
Business Wire
Record Q1 2024 Total Gross Debt and Equity
Commitments of $956.0 Million, an Increase of 81.7%
Year-over-Year
Record Q1 2024 Total Gross Fundings of $605.2
Million, an Increase of 27.1% Year-over-Year
Q1 2024 Total Investment Income of $121.6
Million, an Increase of 15.7% Year-over-Year
Q1 2024 Net Investment Income “NII” of $79.2
Million, or $0.50 per Share, an Increase of 20.9%
Year-over-Year
Q1 2024 NII Provides 125% Coverage of the Base
Cash Distribution
Conservative Balance Sheet Management with Net
GAAP Leverage of 91.0% and Net Regulatory Leverage of 81.7%
Undistributed Earnings Spillover of $142.7
Million, or $0.88(1) per Ending Shares Outstanding
Approximately $4.5 Billion of Assets Under
Management, an Increase of 14.7% Year-over-Year(2)
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
first quarter ended March 31, 2024. The earnings release can be
accessed at Hercules’ Investor Relations website at
https://investor.htgc.com/financial-information/financial-results.
Footnotes:
(1)
$0.91 per Weighted Average Shares
Outstanding
(2)
Assets under management includes
assets managed by Hercules Capital and the Adviser Subsidiary
Conference Call
Hercules has scheduled its first quarter 2024 financial results
conference call for May 2, 2024 at 2:00 p.m. PT (5:00 p.m. ET). To
participate via telephone, please register here. Upon registration,
all telephone participants will receive the dial-in number along
with a unique PIN number that can be used to access the call. While
not required, it is recommended you join 10 minutes prior to the
event start. A live webcast of the first quarter 2024 financial
results conference call will also be available on the investor
relations section of the Company’s website at investor.htgc.com. An
archived webcast replay will be available on the Company's website
for at least 30 days following the conference call.
About Hercules Capital, Inc.
Hercules Capital, Inc. (NYSE: HTGC) is the leading and largest
specialty finance company focused on providing senior secured
venture growth loans to high-growth, innovative venture
capital-backed companies in a broad variety of technology, life
sciences and sustainable and renewable technology industries. Since
inception (December 2003), Hercules has committed more than $20.0
billion to over 650 companies and is the lender of choice for
entrepreneurs and venture capital firms seeking growth capital
financing. Companies interested in learning more about financing
opportunities should contact info@htgc.com, or call
650.289.3060.
Hercules, through its wholly owned subsidiary business, Hercules
Adviser LLC (the “Adviser Subsidiary”), also maintains an asset
management business through which it manages investments for
external parties (“Adviser Funds”). The Adviser Subsidiary is
registered as an investment adviser under the Investment Advisers
Act of 1940.
Hercules’ common stock trades on the New York Stock Exchange
(NYSE) under the ticker symbol “HTGC.” In addition, Hercules has
one retail bond issuance of 6.25% Notes due 2033 (NYSE: HCXY).
Forward-Looking Statements
This press release may contain “forward-looking statements”
within the meaning of the Private Securities Litigation Reform Act
of 1995. We may use words such as “anticipates,” “believes,”
“expects,” “intends,” “will,” “should,” “may” and similar
expressions to identify forward-looking statements. Forward-looking
statements are not guarantees of future performance and should not
be relied upon in making any investment decision. Such statements
are based on currently available operating, financial and
competitive information and are subject to various risks and
uncertainties that could cause actual results to differ materially
from our historical experience and our present expectations. While
we cannot identify all such risks and uncertainties, we urge you to
read the risks discussed in our Annual Report on Form 10-K and
other materials that we publicly file with the Securities and
Exchange Commission. Any forward-looking statements made in this
press release are made only as of the date hereof. Hercules assumes
no obligation to update any such statements in the future.
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version on businesswire.com: https://www.businesswire.com/news/home/20240502497988/en/
Michael Hara Investor Relations and Corporate Communications
Hercules Capital, Inc. 650-433-5578 mhara@htgc.com
Hercules Capital (NYSE:HTGC)
과거 데이터 주식 차트
부터 4월(4) 2024 으로 5월(5) 2024
Hercules Capital (NYSE:HTGC)
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부터 5월(5) 2023 으로 5월(5) 2024