Thu, Aug. 6, 4:15 PM
Thu, May 7, 4:47 PM
- Q1 net investment income of $13M or $0.20 per share vs. $15.9M and $0.25 in Q4. Q1 distributable NOI of $15.7M or $0.25 per share vs. $18.6M and $0.29. $100M capital raise cut the NII per share. Dividend is $0.31.
- Net investment loan portfolio growth of $133M, or 14%. Total investment assets at fair value of $1.2B, up 14%.
- Effective portfolio yields of 12.9% down 310 bps from Q4 thanks to the effect of fee accelerations and one time fees in Q4 vs. Q1.
- Net asset value of $10.47 per share up from $10.18 at start of quarter.
- Conference call at 5 ET (dial-in)
- Previously: Hercules Technology Growth Capital misses by $0.03, misses on total investment income (May 7)
- HTGC -0.75% after hours
Thu, May 7, 4:39 PM
Wed, May 6, 5:35 PM
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Mon, Mar. 2, 6:33 PM
Sun, Mar. 1, 5:35 PM
Nov. 6, 2014, 4:31 PM
- Q3 distributable NOI of $21.8M or $0.35 per share vs. $21M and $0.34 in Q2.
- Net asset value of $10.22 vs. $10.42 one quarter ago.
- New commitments of $193.5M in Q3 vs. $229.3M in Q2. Net investment portfolio growth of $16.7M, Portfolio size at cost is $1.012B.
- Estimated portfolio yield of 16.7% slips 20 bps from Q2, better than the 30-50 basis points compression management had expected.
- Conference call at 5 ET
- Previously: Hercules Technology Growth Capital beats by $0.02, beats on revenue
- HTGC flat after-hours
Nov. 6, 2014, 4:23 PM
Nov. 5, 2014, 5:35 PM
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Aug. 7, 2014, 4:13 PM
- Q2 net investment income of $18.6M or $0.30 up 5.7% from a year ago. Distributable net operating income of $21M or $0.34 per share up 9.4%. Dividend of $0.31.
- NAV per share of $10.42, up 3.3% Y/Y.
- Total new loan commitments of $238.6M. Unfunded loan commitments of $229.3M as of June 30. Net investment portfolio growth of about $107.9M.
- Effective yield of portfolio of 16.9% down about 100 basis points from Q1.
- increased warrant portfolio to 117 companies from 107, with a fair value of about $23M and a cost basis of $35.6M. Equity positions held in 38 companies with a fair value of $70.3M and a cost basis of $41.4M. As of June 30, Hercules (NYSE:HTGC) holds warrant and equity positions in five companies which have filed for a potential IPO.
- Previously: Hercules Technology Growth Capital EPS in-line, misses on revenue
Aug. 7, 2014, 4:05 PM
Aug. 6, 2014, 5:35 PM
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May 1, 2014, 4:35 PM
- NII of $18.3M up 22% Y/Y. NII per share of $0.30 up 11.1%. Distributable net operating income per share of $0.33 up 10%. Dividend of $0.31 per share.
- Received about $132.6M in principal and paid-in-kind repayments during quarter. Entered commitments to provide debt and equity financings of about $155.7M to new and existing portfolio companies. Net decline in investment portfolio of about $18.6M on a cost basis. This is less than the $50M "lighten down" expected by management two months ago when it reported Q4.
- Management was then worried about a frothy market and the stock has been punished for this conservative stance ever since (off about 20%).
- CC at 11 ET
- Source: Press Release
- Previously: Hercules Technology Growth Capital NII beats by $0.02, beats on revenue
- HTGC +3.3%
May 1, 2014, 4:24 PM
Apr. 30, 2014, 5:35 PM
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Feb. 27, 2014, 4:08 PM
HTGC vs. ETF Alternatives
Hercules Technology Growth Capital Inc is a specialty finance company. It provides senior secured loans to venture capital-backed companies in technology-related industries, including technology, biotechnology, life science, and among others.
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