Hercules Capital reported better-than-expected 4Q results driven by a rise in new debt and equity commitments. Shares of the specialty finance company rose 1.1% in pre-market trading. Hercules Capital’s (HTGC) 4Q net investment income surged 5.1% to $0.37 per share on a year-over-year basis and beat the Street estimates of $0.33 per share. Total investment income increased 6.7% to $75.3 million and surpassed the consensus estimate of $70.6 million. The company’s new debt and equity commitments came in at $150.8 million in the quarter. Early loan repayments totaled $282.3 million, with the net asset value landing at $11.26 per share.
https://www.tipranks.com/news/hercules-capital-posts-better-than-expected-4q-results-shares-gain-pre-market