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Hercules Capital Inc (HTGC.K)

HTGC.K on New York Consolidated

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22 Aug 2017
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Latest Key Developments (Source: Significant Developments)

Hercules net investment income for Q2 increased to $25.3 mln
Thursday, 3 Aug 2017 04:05pm EDT 

Aug 3 (Reuters) - Hercules Capital Inc :Hercules announces second quarter 2017 financial results and a $0.31 per share quarterly distribution.Hercules Capital Inc - net investment income for Q2 2017 increased to $25.3 million compared to $23.4 million in Q2 2016.Hercules Capital Inc - as of June 30, 2017, company's net assets were $817.5 million, compared to $807.9 million at end of Q1 2017.  Full Article

Hercules Capital announces the acquisition of Jumpstart Games
Friday, 14 Jul 2017 06:00am EDT 

July 14 (Reuters) - Hercules Capital Inc :Hercules Capital announces the acquisition of portfolio company Jumpstart Games, Inc by Netdragon Websoft Holdings Limited.Hercules Capital - scheduled to receive quarterly interest payments through June 30, 2018.Hercules - Deal includes potential for additional principal, interest recovery from Jumpstart "performance-based earnouts" expected to be payable June 30, 2019.  Full Article

Hercules Capital reports about $400 mln in total new commitments for 1H 2017​
Wednesday, 5 Jul 2017 06:00am EDT 

July 5 (Reuters) - Hercules Capital Inc ::Says ‍provided its interim portfolio update for q2 2017​.Says ‍hercules Capital announces about $400 million in total new commitments for 1h2017​.  Full Article

Jaguar Animal says entered into securities purchase agreement with Chicago Venture Partners L.P
Monday, 3 Jul 2017 04:34pm EDT 

July 3 (Reuters) - Jaguar Animal Health Inc :Says on June 29 co entered into a securities purchase agreement with chicago venture partners l.p - sec filing.Jaguar Animal Health - pursuant to agreement co issued to cvp convertible promissory note in principal amount of $2.2 million for purchase price of $1.7 million.Note bears interest at rate of 8% per annum and matures on august 2, 2018.Jaguar Animal Health - to use $1 million of proceeds from note's sale to reduce co's obligations under loan & security agreement between co, hercules capital.  Full Article

Hercules Capital announces additional portfolio company liquidity events and congratulates its portfolio companies on their achievements
Thursday, 29 Jun 2017 06:00am EDT 

June 29 (Reuters) - Hercules Capital Inc :Hercules Capital announces additional portfolio company liquidity events and congratulates its portfolio companies on their achievements.Hercules Capital Inc - Deal for approximately us $758.5 million.Hercules Capital Inc - Transaction closed on May 31, 2017.Hercules Capital Inc - Ironplanet, Inc. was acquired by Ritchie Bros.  Full Article

Hercules Capital expects 25 basis point rise in Prime Rate to generate about $2.4 mln additional NII per annum
Thursday, 15 Jun 2017 06:00am EDT 

June 15 (Reuters) - Hercules Capital Inc :Hercules Capital's highly asset sensitive debt investment portfolio to generate additional $0.03 of net investment income earnings annually from the recent increase in the federal reserve benchmark interest rate.Hercules Capital Inc - ‍prime rate is expected to increase from 4.00 pct to 4.25 pct.Hercules Capital says 25 basis point raise in prime rate anticipated to generate about $2.4 million of additional NII per annum ​.Hercules Capital Inc - anticipated increase in prime rate is not expected to have any material impact to NII in Q2 2017.Hercules Capital Inc - ‍expected benefit from June 2017 rate increase is expected to materialize during remainder 2017 operating period​.  Full Article

Hercules Capital to expand review of investment management structural alternatives
Monday, 15 May 2017 06:00am EDT 

May 15 (Reuters) - Hercules Capital Inc ::Hercules to expand review of investment management structural alternatives.Hercules Capital Inc - special meeting of shareholders indefinitely postponed and initial proposal to approve investment advisor withdrawn.Hercules Capital-independent directors intend to engage independent financial adviser to consider options with regard to investment management structure.  Full Article

Hercules reports Q1 adjusted NII $0.31 per share
Thursday, 4 May 2017 04:05pm EDT 

May 4 (Reuters) - Hercules Capital Inc :Hercules announces first quarter 2017 financial results and a $0.31 per share quarterly distribution.Qtrly adjusted NII $0.31 per share.Hercules Capital Inc says Q1 net investment income of $22.7 million, an increase of 12.8% year-over-year, or $0.28 per share.Hercules Capital Inc- NAV per share decreased to $9.76 as of March 31, 2017 compared to $9.90 as of December 31, 2016.  Full Article

Hercules provides interim portfolio update for Q1 2017
Monday, 17 Apr 2017 06:00am EDT 

April 17 (Reuters) - Hercules Capital Inc :Hercules provides interim portfolio update for Q1 2017.Hercules Capital Inc - As of March 31, originated $190.7 million of new debt and equity commitments to twelve new and existing portfolio companies.  Full Article

Hercules Capital to benefit from Federal Reserve benchmark interest rate
Thursday, 16 Mar 2017 06:00am EDT 

Hercules Capital Inc : Hercules Capital's highly asset sensitive debt investment portfolio to generate additional $0.02 of net investment income earnings annually(1) from the recent increase in the federal reserve benchmark interest rate . Anticipates a 25 basis point increase in prime rate will contribute approximately $1.9 million, or $0.02 per share, of nii per annum . Anticipated increase in prime rate is not expected to have any material impact to our NII in Q1 2017 . Expected benefit from March 2017 rate increase is expected to materialize throughout our 2017 operating period .Prime rate is expected to increase from 3.75 pct to 4.00 pct.  Full Article

BRIEF-Hercules net investment income for Q2 increased to $25.3 mln

* Hercules announces second quarter 2017 financial results and a $0.31 per share quarterly distribution