Hercules Capital Reports First Quarter 2020 Financial Results
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Go back to Hercules Capital Reports First Quarter 2020 Financial Results
May 5, 2020 7:14 AM EDT
Wedbush analyst Henry Coffey reiterated an Outperform rating and $15.00 price target on Hercules Technology Growth Capital (NYSE: HTGC) following the company's 1Q. HTGC reported NII per share of $0.37 per share vs. $0.30 per share reported in the year-ago quarter. NII per share results were above consensus... More
May 4, 2020 4:49 PM EDT
Hercules Capital (NYSE: HTGC) reported Q1 EPS of $0.37, $0.01 better than the analyst estimate of $0.36.
Q1 2020 Financial Achievements and Highlights
Record Net Investment Income NII of $40.6 million, or $0.37 per share, an increase of 39.8% year-over-yearProvides 116% coverage of base distribution payoutRecord Total Investment Income of $73.6 million, an increase of 25.2% year-over-year$438.2 million of available liquidity, subject to existing terms and covenantsNew debt and equity commitments of $256.8 millionTotal gross fundings of $233.6 millionUnscheduled early principal repayments or early loan repayments of $150.5...
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