Hercules Capital: A Solid Dividend Stock But Valuation Concerns Are Valid [Seeking Alpha]
Hercules Capital, Inc. (HTGC)
Last hercules capital, inc. earnings: 2/20 04:10 pm
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US:NYSE Investor Relations:
investor.htgc.com
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Source: Seeking Alpha
Portfolio risk ratings for HTGC are improving, with a decrease in weighted average risk grade for the second consecutive quarter. HTGC's dividend is well-covered by NII, but a recent decline in NII raises concerns about the sustainability of the premium valuation. Hercules Capital, Inc. ( NYSE: HTGC ) is known as one of the higher-quality BDCs with a strong history of net asset value (NAV) growth. However, this stellar reputation has also contributed to the stock demanding a substantial premium to many other players in the BDC sector. The stock is up by more than 22% year-to-date leading to questions about valuation levels and whether it would be wise to buy at current levels. In my view, there are some early signs of improving portfolio quality, but this improvement is not sufficient to justify the current premium to NAV. The portfolio Several BDCs have seen an increase in the percentage of their portfolio with weaker risk ratings in recent quarters. For example, in my recen
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HTGC
News
- Hercules Capital (HTGC) Declines More Than Market: Some Information for Investors [Yahoo! Finance]Yahoo! Finance
- Hercules Capital Announces Upcoming Event for the Financial CommunityBusiness Wire
- Rise in Customized Financing Aids Hercules Capital Amid Cost Woes [Yahoo! Finance]Yahoo! Finance
- Hercules Capital (HTGC) Ascends But Remains Behind Market: Some Facts to Note [Yahoo! Finance]Yahoo! Finance
- Hercules Capital (HTGC) Laps the Stock Market: Here's Why [Yahoo! Finance]Yahoo! Finance
HTGC
Earnings
- 8/1/24 - Miss
HTGC
Sec Filings
- 9/27/24 - Form 4
- 9/26/24 - Form 144
- 8/16/24 - Form 424B3
- HTGC's page on the SEC website