Hercules Capital (HTGC) closed at $20.11 in the latest trading session, marking a -0.3% move from the prior day.
In the latest trading session, Hercules Capital (HTGC) closed at $19.54, marking a -1.26% move from the previous day.
HTGC's top line is expected to keep improving, driven by the growing demand for customized financing. Rising expenses might hurt its profits.
In the most recent trading session, Hercules Capital (HTGC) closed at $19.57, indicating a +0.57% shift from the previous trading day.
Hercules Capital (HTGC) concluded the recent trading session at $19.38, signifying a +1.73% move from its prior day's close.
Interest rate cuts could finally arrive in September. Business development companies (BDC) could be particular beneficiaries of lower rates.
Best-of-breed stocks in the BDC segment like Hercules Capital offer the potential for outsized total returns and high current income. HTGC has operational efficiency, alignment of interest due to internal management, and a strong balance sheet. The stock offers a 10.3% dividend yield that's well-covered by NII, strong portfolio performance and growth potential.
Pfizer's 15-year dividend-raising streak will most likely continue thanks to smart reinvestment of its COVID windfall. Hercules Capital offers income-seeking investors a yield above 10% at recent prices.
Hercules Capital offers a 10%+ dividend yield. Is this payout sustainable? HTGC's loan portfolio yields around 14%, with high overall credit quality. With a strong cost of capital arbitrage, we think NAV is set to grow and payouts should remain stable. Some are worried about the rate cycle, but HTGC's portfolio has built in hedges. We estimate only a 14% drop in profit if rates drop 200bps over the next year.
Higher total investment income and solid balance sheet support Hercules Capital's (HTGC) Q2 earnings, with rising costs being an offsetting factor.
Hercules Capital, Inc. (NYSE:HTGC ) Q2 2024 Earnings Conference Call August 1, 2024 5:00 PM ET Company Participants Michael Hara - Managing Director, Investor Relations Scott Bluestein - Chief Executive Officer & Chief Investment Officer Seth Meyer - Chief Financial Officer Conference Call Participants Crispin Love - Piper Sandler Casey Alexander - Compass Point Research Christopher Nolan - Ladenburg Thalmann Douglas Harter - UBS Finian O'Shea - Wells Fargo Securities Paul Johnson - KBW Operator Good day, everyone, and thank you for standing by. Welcome to Hercules Capital Second Quarter 2024 Financial Results and Conference Call.
While the top- and bottom-line numbers for Hercules Capital (HTGC) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.