Hercules Capital: Big Commitments, Big Premium And Big Software Risk
Source: SeekingAlpha
2026-04-22 14:32:54 ET
Elevator pitch
Here are the puts and takes I see for the business development company [BDC] Hercules Capital, Inc. ( HTGC ):
- Portfolio growth indicators are strong
- Increased chances of a rate cut is a headwind but HTGC has reduced the risk somewhat
- HTGC has significant exposure to the software sector, which is prone to AI disruption
- HTGC is trading at trough-level discounts vs its BDC peers but is also at a premium to NAV
- HTGC is stuck in a big monthly range
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Hercules Capital: Big Commitments, Big Premium And Big Software Risk
Hercules Capital Inc. 6.25% Notes due 2033
NASDAQ: HCXY
HCXY Trading
-0.68% G/L:
$25 Last:
4,621 Volume:
$25 Open:
HCXY Latest News
April 30, 2026 06:00:00 am
Hercules Capital Declares a Total Cash Distribution of $0.47 per Share for the First Quarter 2026
HCXY Stock Data
$3,054,674,374
178,405,520
N/A
324
N/A
Asset Management Services
Finance
US
San Mateo
