Hercules Capital, Inc. Buyback
OLI recorded this information on 2/25/2016
Hercules Capital, Inc.
Hercules Capital, Inc. (NYSE:HTGC) ("Hercules"), the leading specialty financing provider to innovative venture growth, pre-IPO and M&A stage companies backed by leading venture capital firms, today announced that its Board of Directors has approved a $50 million open market share repurchase program. This program replaces a $50 million repurchase program which expired February 23, 2016.
Hercules Capital is a finance company focused on providing senior secured loans to venture capital-backed companies in a variety of technology, life sciences and sustainable and renewable technology industries. Co. invests primarily in structured debt with warrants and, to a lesser extent, in senior debt and equity investments, as well as in private companies but also has investments in public companies. Co. also provides unitranche loans, which are loans that combine both senior and mezzanine debt, generally in a first lien position. Co. makes investments in qualifying small businesses through Hercules Technology III, L.P., which is its wholly owned small business investment company.
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Strong Buy (3.90 out of 4)
(ranked higher than approx. 78% of all stocks covered)
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