Latest news with #HerculesCapital
Yahoo
a day ago
- Business
- Yahoo
Hercules Capital Receives Affirmed BBB- Investment Grade Corporate and Unsecured Credit Rating from Fitch Ratings, Inc.
SAN MATEO, Calif., July 01, 2025--(BUSINESS WIRE)--Hercules Capital, Inc. (NYSE: HTGC) ("Hercules" or the "Company"), the largest and leading specialty financing provider to innovative venture, growth and established stage companies backed by some of the leading and top-tier venture capital and select private equity firms, today announced that Fitch Ratings, Inc. ("Fitch") has affirmed Hercules' investment grade corporate and unsecured credit rating of BBB- with a stable outlook, as well as its underlying analysis. "We are very pleased that Fitch has affirmed our BBB- investment grade corporate and unsecured credit rating," stated Seth Meyer, chief financial officer of Hercules. "This rating reflects the scale of our institutionalized lending platform and the quality and proven track record of operational excellence that our differentiated and diversified venture and growth stage lending business model has delivered year after year." The affirmed BBB- rating reflects the Company's first-lien focus of the investment portfolio, solid track record in credit, broad industry relationships, consistent operating performance, strong funding flexibility with demonstrated access to the public debt and equity markets, above-average asset coverage cushion and experienced management team. About Hercules Capital, Inc. Hercules Capital, Inc. (NYSE: HTGC) is the leading and largest specialty finance company focused on providing senior secured venture growth loans to high-growth, innovative venture capital-backed companies in a broad variety of technology and life sciences industries. Since inception (December 2003), Hercules has committed more than $22 billion to over 680 companies and is the lender of choice for entrepreneurs and venture capital firms seeking growth capital financing. Companies interested in learning more about financing opportunities should contact info@ or call (650) 289-3060. Hercules, through its wholly owned subsidiary business, Hercules Adviser LLC (the "Adviser Subsidiary"), also maintains an asset management business through which it manages investments for external parties ("Adviser Funds"). The Adviser Subsidiary is registered as an investment adviser under the Investment Advisers Act of 1940. Hercules' common stock trades on the New York Stock Exchange (NYSE) under the ticker symbol "HTGC." In addition, Hercules has one retail bond issuance of 6.25% Notes due 2033 (NYSE: HCXY). Forward-Looking Statements This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. We may use words such as "anticipates," "believes," "expects," "intends," "will," "should," "may" and similar expressions to identify forward-looking statements. Forward-looking statements are not guarantees of future performance and should not be relied upon in making any investment decision. Such statements are based on currently available operating, financial and competitive information and are subject to various risks and uncertainties that could cause actual results to differ materially from our historical experience and our present expectations. While we cannot identify all such risks and uncertainties, we urge you to read the risks discussed in our Annual Report on Form 10-K and other materials that we publicly file with the Securities and Exchange Commission. Any forward-looking statements made in this press release are made only as of the date hereof. Hercules assumes no obligation to update any such statements in the future. View source version on Contacts Michael HaraInvestor Relations and Corporate CommunicationsHercules Capital, Inc.(650) 433-5578mhara@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
a day ago
- Business
- Associated Press
Hercules Capital Receives Affirmed BBB- Investment Grade Corporate and Unsecured Credit Rating from Fitch Ratings, Inc.
SAN MATEO, Calif.--(BUSINESS WIRE)--Jul 1, 2025-- Hercules Capital, Inc. (NYSE: HTGC) ('Hercules' or the 'Company'), the largest and leading specialty financing provider to innovative venture, growth and established stage companies backed by some of the leading and top-tier venture capital and select private equity firms, today announced that Fitch Ratings, Inc. ('Fitch') has affirmed Hercules' investment grade corporate and unsecured credit rating of BBB- with a stable outlook, as well as its underlying analysis. 'We are very pleased that Fitch has affirmed our BBB- investment grade corporate and unsecured credit rating,' stated Seth Meyer, chief financial officer of Hercules. 'This rating reflects the scale of our institutionalized lending platform and the quality and proven track record of operational excellence that our differentiated and diversified venture and growth stage lending business model has delivered year after year.' The affirmed BBB- rating reflects the Company's first-lien focus of the investment portfolio, solid track record in credit, broad industry relationships, consistent operating performance, strong funding flexibility with demonstrated access to the public debt and equity markets, above-average asset coverage cushion and experienced management team. About Hercules Capital, Inc. Hercules Capital, Inc. (NYSE: HTGC) is the leading and largest specialty finance company focused on providing senior secured venture growth loans to high-growth, innovative venture capital-backed companies in a broad variety of technology and life sciences industries. Since inception (December 2003), Hercules has committed more than $22 billion to over 680 companies and is the lender of choice for entrepreneurs and venture capital firms seeking growth capital financing. Companies interested in learning more about financing opportunities should contact [email protected], or call (650) 289-3060. Hercules, through its wholly owned subsidiary business, Hercules Adviser LLC (the 'Adviser Subsidiary'), also maintains an asset management business through which it manages investments for external parties ('Adviser Funds'). The Adviser Subsidiary is registered as an investment adviser under the Investment Advisers Act of 1940. Hercules' common stock trades on the New York Stock Exchange (NYSE) under the ticker symbol 'HTGC.' In addition, Hercules has one retail bond issuance of 6.25% Notes due 2033 (NYSE: HCXY). Forward-Looking Statements This press release may contain 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995. We may use words such as 'anticipates,' 'believes,' 'expects,' 'intends,' 'will,' 'should,' 'may' and similar expressions to identify forward-looking statements. Forward-looking statements are not guarantees of future performance and should not be relied upon in making any investment decision. Such statements are based on currently available operating, financial and competitive information and are subject to various risks and uncertainties that could cause actual results to differ materially from our historical experience and our present expectations. While we cannot identify all such risks and uncertainties, we urge you to read the risks discussed in our Annual Report on Form 10-K and other materials that we publicly file with the Securities and Exchange Commission. Any forward-looking statements made in this press release are made only as of the date hereof. Hercules assumes no obligation to update any such statements in the future. View source version on CONTACT: Michael Hara Investor Relations and Corporate Communications Hercules Capital, Inc. (650) 433-5578 [email protected] KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA INDUSTRY KEYWORD: PROFESSIONAL SERVICES FINANCE SOURCE: Hercules Capital, Inc. Copyright Business Wire 2025. PUB: 07/01/2025 06:00 AM/DISC: 07/01/2025 06:01 AM
Business Wire
2 days ago
- Business
- Business Wire
Hercules Capital Receives Affirmed BBB- Investment Grade Corporate and Unsecured Credit Rating from Fitch Ratings, Inc.
SAN MATEO, Calif.--(BUSINESS WIRE)-- Hercules Capital, Inc. (NYSE: HTGC) ('Hercules' or the 'Company'), the largest and leading specialty financing provider to innovative venture, growth and established stage companies backed by some of the leading and top-tier venture capital and select private equity firms, today announced that Fitch Ratings, Inc. ('Fitch') has affirmed Hercules' investment grade corporate and unsecured credit rating of BBB- with a stable outlook, as well as its underlying analysis. 'We are very pleased that Fitch has affirmed our BBB- investment grade corporate and unsecured credit rating,' stated Seth Meyer, chief financial officer of Hercules. 'This rating reflects the scale of our institutionalized lending platform and the quality and proven track record of operational excellence that our differentiated and diversified venture and growth stage lending business model has delivered year after year.' The affirmed BBB- rating reflects the Company's first-lien focus of the investment portfolio, solid track record in credit, broad industry relationships, consistent operating performance, strong funding flexibility with demonstrated access to the public debt and equity markets, above-average asset coverage cushion and experienced management team. About Hercules Capital, Inc. Hercules Capital, Inc. (NYSE: HTGC) is the leading and largest specialty finance company focused on providing senior secured venture growth loans to high-growth, innovative venture capital-backed companies in a broad variety of technology and life sciences industries. Since inception (December 2003), Hercules has committed more than $22 billion to over 680 companies and is the lender of choice for entrepreneurs and venture capital firms seeking growth capital financing. Companies interested in learning more about financing opportunities should contact info@ or call (650) 289-3060. Hercules, through its wholly owned subsidiary business, Hercules Adviser LLC (the 'Adviser Subsidiary'), also maintains an asset management business through which it manages investments for external parties ('Adviser Funds'). The Adviser Subsidiary is registered as an investment adviser under the Investment Advisers Act of 1940. Hercules' common stock trades on the New York Stock Exchange (NYSE) under the ticker symbol 'HTGC.' In addition, Hercules has one retail bond issuance of 6.25% Notes due 2033 (NYSE: HCXY). Forward-Looking Statements This press release may contain 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995. We may use words such as 'anticipates,' 'believes,' 'expects,' 'intends,' 'will,' 'should,' 'may' and similar expressions to identify forward-looking statements. Forward-looking statements are not guarantees of future performance and should not be relied upon in making any investment decision. Such statements are based on currently available operating, financial and competitive information and are subject to various risks and uncertainties that could cause actual results to differ materially from our historical experience and our present expectations. While we cannot identify all such risks and uncertainties, we urge you to read the risks discussed in our Annual Report on Form 10-K and other materials that we publicly file with the Securities and Exchange Commission. Any forward-looking statements made in this press release are made only as of the date hereof. Hercules assumes no obligation to update any such statements in the future.
Yahoo
4 days ago
- Business
- Yahoo
Tipalti's Darren Upson on the strategic use of AI-driven finance
Tipalti currently serves over 5,000 companies via AI-driven solutions to automate finance operations. These include accounts payable, employee expenses, global pay-outs, procurement, supplier management, and tax compliance. What should excite Tipalti's backers is the sheer scale of the addressable market of prospects not yet using AI-powered finance software. 'There are a huge number of companies, especially those of a more traditional nature, that have not even scratched the surface of automation and what it can do for their businesses,' says Darren is a fully automated, cloud-based platform that simplifies the most complex finance workflows, helping its clients manage end-to-end payables across multiple entities, currencies, and countries—with built-in compliance. And its seamless ERP integrations gives complete visibility and control. So, it eliminates manual work and speeds up the entire payables process, automating everything from invoice approval to global payments and reconciles data seamlessly. That summary is hardly over-techy and should be understandable to even the most basic of business leaders. The Tipalti proposition is boosted by the backing of JPMorgan Chase, which is about as good as it gets if you had the widest possible choice of potential financial backers. Back in 2023, Tipalti raised $150m in growth financing from JPMorgan and Hercules Capital. At the time, it brought total funding to more than $550m and valued the firm at over $8bn. JPMorgan is also one of the major banks Tipalti uses to route its billions of dollars' worth of supplier payments on behalf of its customers. 'We work in the fintech space as an automation platform for accounts payable and also mass payments as well. We are both a software company and a financial services business. We execute payments for our businesses and we handle the whole accounts payable process from start to finish, basically stripping out all of the manual, redundant processes associated with accounts payable. 'As that is the most time-consuming part of finance, we're trying to help organisations, especially those fast-growing businesses, to actually put their people to better use and leverage technology to really do that manual, repetitive work more efficiently, faster and to be more scalable as well.' He says that a typical client firm will be high-growth, pre-IPO outfits that have already embraced automation. They will be firms that understand how automation enables them to be more agile as an organisation. 'The big challenge that exists now is individuals' understanding the art of the possible. There's a lot of people that think that they've already automated everything they can do. But there's always more and with AI tools and the technology that exists out there, there's so many more areas across an organisation that you can automate to create more efficiency, especially when businesses are looking to try and retain and attract talent as well. It's about, how do they make sure that the people that are coming into the workforce now are doing roles that are actually fulfilling and that they enjoy.' In the run up to the UK's Labour government first budget, there was much negative press coverage forecasting doom and gloom if taxes such as capital gains tax were raised. In the end, the rate of increase was not as steep as the most pessimistic forecasts but CGT did rise from 20% to 24% for higher rate taxpayers. And given the track record over history of past Labour governments, further tax rises are more likely than any tax cuts. Upson says that the UK is still the number one destination out of North America for start-ups. 'We've got such a hotbed of talent, and we've got a large banking infrastructure in place as well. So [tax changes] do not mean that the lights are going to go out overnight. But I think that there have to be more incentives to actually attract and support individuals that are looking to build the next big thing.' "Tipalti's Darren Upson on the strategic use of AI-driven finance" was originally created and published by Retail Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
25-06-2025
- Business
- Yahoo
Hercules Capital (HTGC) Surpasses Market Returns: Some Facts Worth Knowing
In the latest close session, Hercules Capital (HTGC) was up +1.57% at $18.08. This change outpaced the S&P 500's 1.11% gain on the day. Meanwhile, the Dow gained 1.19%, and the Nasdaq, a tech-heavy index, added 1.43%. The stock of specialty finance company has risen by 2.3% in the past month, leading the Finance sector's gain of 1.91% and undershooting the S&P 500's gain of 3.92%. The investment community will be closely monitoring the performance of Hercules Capital in its forthcoming earnings report. The company is expected to report EPS of $0.47, down 7.84% from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $126.4 million, indicating a 1.11% growth compared to the corresponding quarter of the prior year. Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $1.91 per share and revenue of $509.95 million. These totals would mark changes of -4.5% and +3.31%, respectively, from last year. Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Hercules Capital. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability. Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, there's been a 0.21% rise in the Zacks Consensus EPS estimate. Currently, Hercules Capital is carrying a Zacks Rank of #4 (Sell). In terms of valuation, Hercules Capital is presently being traded at a Forward P/E ratio of 9.32. This expresses a premium compared to the average Forward P/E of 8.61 of its industry. The Financial - SBIC & Commercial Industry industry is part of the Finance sector. At present, this industry carries a Zacks Industry Rank of 228, placing it within the bottom 8% of over 250 industries. The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. You can find more information on all of these metrics, and much more, on Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Hercules Capital, Inc. (HTGC) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
