Seeking Alpha

Nicholas Marshi's  Instablog

Nicholas Marshi
Send Message
Nicholas Marshi is the Chief Investment Officer of Southland Capital Management (SCM). The Company is a Registered Investment Adviser in Santa Monica, California. SCM's principal expertise is in the area of publicly traded leveraged finance to U.S. private companies, including the Business... More
My company:
Southland Capital Management, LLC
My blog:
BDC Reporter
  • Hercules Technology: First Steps In Growing The Balance Sheet 0 comments
    Mar 10, 2010 10:49 AM | about stocks: HTGC

    Hercules Technology Growth Capital (NYSE:HTGC) has been suggesting on its Conference calls that a large number of new deals are in the negotiation and due diligence process, but have not yet hit the balance sheet. The guidance given was that the Company’s asset base might be flat or even shrink in the first quarter of 2010 but should increase from the second quarter.

    An increase in assets, assuming bad debts have peaked, would mean higher earnings and a higher dividend from the $0.20 announced for the IQ 2010.

    In recent days HTGC has announced two transactions which support this very deliberate guidance. First there was an add-on investment of $3mn in InfoLogix, an existing portfolio company. Today, HTGC announced a $25mn position  to Velocity Technology Solutions, a leading application service provider of cloud-based technologies for the enterprise software market. The Company served as the lead agent on the $45mn deal, along with TCW Special Situations, who put up the remaining $20mn.

    It’s a start for HTGC, and supports the market’s confidence in the stock, as reflected by a stock price that has remained strong (despite an initial swoon of over 10%).

    Disclosure: Long HTGC;
    Themes: Theme: Dividends Stocks: HTGC
Back To Nicholas Marshi's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


  • $MCGC + $PFLT: Concluding. No v surprising info. Really buying cash. No people ? Analysts seemed to be warm to deal.
    Apr 29, 2015
  • $MCGC + $PFLT: Q: Thinking of JVs ? A: Never say never, but "examining all options".
    Apr 29, 2015
  • $MCGC + $PFLT: Q: Any impact on NAV besides stated costs. A: Not really, Neu suggests. Little chance of NAV erosion going forward ?
    Apr 29, 2015
More »

Latest Comments

Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.