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Hercules Capital: Is This 10.5% Yield Sustainable?
HTGCHercules Capital(HTGC) Seeking Alpha·2024-08-10 13:11

NiseriN A few weeks ago, we wrote an article about Blackstone Secured Lending (BXSL), where we took a look at the leading BDC's yield profile. Our final conclusion on the stock was that the company's 10% yield appears to be of relatively high quality. However, given the company's exposure to floating rate debt and the market's current position in the rate cycle, it could spell downside of 10-20% for shares over the medium term given the current valuation. Today, we thought we'd take a look at Hercules Capit ...