Published on 2 May 2024 on GuruFocus.com via Yahoo Finance
Hercules Capital Inc (HTGC) Q1 2024 Earnings: Aligns with Analyst EPS Projections
Total Investment Income: Reached $121.6 million in Q1 2024, marking a 15.7% year-over-year increase, surpassing the estimate of $119.02 million.Net Investment Income (NII): Reported at $79.2 million or $0.50 per share, meeting the quarterly EPS estimate of $0.50 and showing a 20.9% increase from the previous year.Total Gross Debt and Equity Commitments: Hit a record $956.0 million, an 81.7% increase year-over-year.Total Gross Fundings: Achieved a record $605.2 million, up 27.1% from the previous year.Assets Under Management: Grew to approximately $4.5 billion, reflecting a 14.7% increase year-over-year.Net Asset Value (NAV) per Share: Increased by 1.7% to $11.63, driven by net realized gains from equity sales.Liquidity: Ended the quarter with $498.1 million in available liquidity, including cash and available credit facilities.
Warning! GuruFocus has detected 8 Warning Signs with HTGC.