HTGC

Hercules Capital remains a Buy, but with lower conviction than in August, as fundamentals are clean but per-share NII growth is lacking. Credit quality is strong, with non-accruals minimal and internal grades improving, though leverage increased due to slower repayments. The income stream is steady; Q3 NII was $0.47 per share, down from $0.50 in Q2, mainly due to lower prepayments and higher debt costs.

Hercules Capital earns a 'Buy' rating, with a resilient NAV, strong dividend coverage, and sector-leading ROE despite a slow quarter. HTGC trades at a 1.35x NAV premium, justified by 13% annualized ROE and superior credit quality versus peers, with minimal non-accruals. Dividend coverage remains robust at 117% in Q3, with supplemental dividends likely to continue as portfolio growth and income durability persist.

I am upgrading Hercules Capital to buy and raising my price target from $15.38 to $16.43, with a full dividend yield of $1.88 on top. HTGC's Q3 NII of $0.47 per share was better than it looks, at $0.485 after adjusting for lower-than-expected early repayments. The loan book expanded by $252.9 million, primarily funded by borrowings, signaling robust portfolio growth.

Hercules Capital NYSE: HTGC reported third-quarter 2026 results marked by record year-to-date originations, portfolio growth and stable credit quality, while management said it expects higher investment income and net investment income in the fourth quarter as loan prepayments normalize.

The Undercovered Dozen highlights 12 lesser-covered stocks with actionable investment theses and recent catalysts. Featured companies include i-80 Gold, Hercules Capital, and Aya Gold & Silver, each rated Buy or Strong Buy for unique growth or yield drivers. Several stocks, such as Corning and AeroVironment, are rated Hold, with valuation and risk concerns tempering bullish sentiment despite recent price declines.

Four stocks quietly paying over 10% sound too good to be true, but the real question is which ones actually earn their payouts and which are one bad quarter away from a cut.

SAN MATEO, Calif.--(BUSINESS WIRE)--Hercules Capital, Inc. (NYSE: HTGC) (“Hercules,” “Hercules Capital,” or the “Company”), the largest and leading specialty financing provider to innovative venture, growth and established stage companies backed by some of the leading and top-tier venture capital and select private equity firms, is pleased to announce that its Board of Directors has declared a third quarter 2026 total cash distribution of $0.47 per share. The following shows the key dates of th.

Three business development companies have already slashed their dividends this year, and two of the biggest names in private credit are showing the same warning signs that preceded every cut. Here is what the numbers inside their latest filings reveal.

Hercules Capital, Inc. now offers an attractive 11.5% dividend yield and trades at a discount to historical valuation norms. HTGC's floating-rate loan portfolio positions it to benefit from likely near-term interest rate hikes, supporting earnings growth. Consistent outperformance versus peers, strong risk management, and significant insider ownership reinforce HTGC's durable competitive advantages.

SAN MATEO, Calif.--(BUSINESS WIRE)--Hercules Capital, Inc. (NYSE: HTGC) (“Hercules,” “Hercules Capital,” or the “Company”), the largest and leading specialty financing provider to innovative venture, growth and established stage companies backed by some of the leading and top-tier venture capital and select private equity firms, today announced that Fitch Ratings, Inc. (“Fitch”) has affirmed Hercules' investment grade corporate and unsecured credit rating of BBB-, and affirmed the Company's sec.