Hercules Capital: Trades At Premium To NAV, But Distribution Coverage Is Strong [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
Company Research
Source: Seeking Alpha
Follow Play 18min Summary I maintain a hold rating on Hercules Capital due to its high premium to NAV, awaiting a price drop before accumulating shares. HTGC's portfolio emphasizes senior secured first lien debt, providing high repayment priority and protection against borrower underperformance. Despite a slight increase in non-accrual rates, HTGC's distribution remains well-covered by earnings, ensuring no immediate threat to dividend reduction. Future interest rate cuts may reduce net investment income short term but could catalyze long-term growth by creating a favorable borrowing environment. Marcus Lindstrom/iStock via Getty Images Overview I previously covered Hercules Capital ( NYSE: HTGC ) over a quarter ago and discussed the two possible outcomes for the business development company. The first outcome was that I anticipated an increased level of This article was written by The Gaming Dividend 3.5K Follower s Follow Financial analyst by day and a
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HTGC
News
- Hercules Capital Q3 Earnings Meet Estimates, Expenses Increase Y/Y [Yahoo! Finance]Yahoo! Finance
- Hercules Capital Third Quarter 2024 Earnings: Misses Expectations [Yahoo! Finance]Yahoo! Finance
- Behavox Secures $70 Million Credit Facility from Hercules Capital for Strategic Expansion [Yahoo! Finance]Yahoo! Finance
- Behavox Secures $70 Million Credit Facility from Hercules Capital for Strategic ExpansionBusiness Wire
- Hercules Capital Reports Third Quarter 2024 Financial ResultsBusiness Wire
HTGC
Earnings
- 10/30/24 - Miss
HTGC
Sec Filings
- 10/30/24 - Form 8-K
- 10/30/24 - Form 10-Q
- 10/15/24 - Form 4
- HTGC's page on the SEC website