The latest trading day saw Hercules Capital (HTGC) settling at $18.84, representing a +1.78% change from its previous close.
Hercules Capital has shown strong portfolio growth, with a 20.63% price increase and a 33.5% total return over the past year. HTGC's portfolio is robust, with 91% first lien senior secured debt and 97.4% floating rate structure, benefiting from the high-interest rate environment. Despite a slight miss in Q4 earnings, HTGC's net investment income and total investment income have grown consistently, supported by new investments.
Solid funding commitments support Hercules Capital's Q4 earnings amid a decline in net investment income and higher operating expenses.
Hercules Capital, Inc. (NYSE:HTGC ) Q4 2024 Earnings Conference Call February 13, 2025 5:00 PM ET Company Participants Michael Hara - Senior Director, Investor Relations & Corporate Communications Scott Bluestein - Chief Executive Officer & Chief Investment Officer Seth Meyer - Chief Financial Officer Conference Call Participants Brian McKenna - Citizens JMP Crispin Love - Piper Sandler Finian O'Shea - Wells Fargo Securities John Hecht - Jefferies Christopher Nolan - Ladenburg Thalmann Paul Johnson - KBW Operator Hello, and welcome everyone to the Hercules Capital Fourth Quarter and Full Year 2024 Financial Results. At this time, all participants are in a listen-only mode.
While the top- and bottom-line numbers for Hercules Capital (HTGC) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Hercules Capital (HTGC) came out with quarterly earnings of $0.49 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.56 per share a year ago.
Evaluate the expected performance of Hercules Capital (HTGC) for the quarter ended December 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
Hercules Capital (HTGC) closed the most recent trading day at $20.83, moving -0.48% from the previous trading session.
Hercules Capital (HTGC) concluded the recent trading session at $21.15, signifying a +0.43% move from its prior day's close.
Hercules Capital (HTGC) reachead $21.06 at the closing of the latest trading day, reflecting a +1.59% change compared to its last close.
Hercules Capital (HTGC) concluded the recent trading session at $21.08, signifying a +0.72% move from its prior day's close.
Hercules Capital remains a strong income investment due to its internal management, and high-quality, conservatively managed portfolio. HTGC has delivered impressive returns, outperforming the S&P 500 and VanEck BDC ETF over the past decade, with a 321% total return. The company carries a robust balance sheet, investment-grade credit ratings, and a 9.6% dividend yield well-covered by net investment income.