Hercules Capital +2.4% on strong investment guidance

|About: Hercules Capital, Inc. (HTGC)|By:, SA News Editor

Hercules (HTGC +2.3%) announces more than $200M of new debt and equity investments in Q4, and expects the yearly total to top $800M vs. $745M in 2015.

In addition, a number of portfolio companies have hit key milestones, unlocking unfunded commitments, with the result being the company expecting to exceed the high end of its portfolio target of $1.35B.

The debt portfolio is "well-positioned" for rate increases, with each 25 basis points boost in the Prime Rate expected to add $0.02 per share in NII.

Shares +2.4%

Subscribe for full text news in your inbox