Hercules Capital Q1 investment income rises 18.4% to record high

Hercules Capital

05/05/2026 22:01

Overview

US specialty finance firm's Q1 total investment income rose 18.4% yr/yr to a record high

Q1 net investment income grew 13.8% yr/yr

Company closed $300 mln institutional notes offering during the quarter

Outlook

Company did not provide specific guidance or outlook for the current or future periods

Result Drivers

HIGHER COMMITMENTS - Record Q1 total new debt and equity commitments rose 77.8% yr/yr to $1.81 bln

INCREASED FUNDINGS - Q1 total fundings grew 31.0% yr/yr to $706.4 mln

ASSET GROWTH - Assets under management increased 21.8% yr/yr to $6.1 bln

Company press release: ID:nBw7GL01Pa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Net Investment Income
$88.10 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the investment management & fund operators peer group is "buy"

Wall Street's median 12-month price target for Hercules Capital Inc is $18.63, about 13.3% above its May 4 closing price of $16.44

The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 9 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)