Roberto Anzellotti @IlMatematico: " $HTGC - A..."

Italy

$HTGC (Hercules Capital Inc) - A high-yield company for defensive portfolios. Hercules Capital, Inc. stands out among BDCs for its resilient, venture-focused portfolio. It is the largest BDC providing venture loans to VC-backed tech firms. The recent crisis in the private credit sector has caused the market to reevaluate the hidden risks inherent in these types of companies. Among the many companies in the sector, HTGC stands out for the quality and coverage of its loans: HTGC maintains a high credit quality, with only 0.1% of its portfolio in default and a 12% yield. The portfolio is composed of 44% healthcare/life sciences companies and 35% application software, sectors characterized by high barriers to entry. Q2 earnings land July 30, right after a fresh $325M debt raise. On July 24 HTGC closed a $325M offering of 6.300% notes due 2031, refinancing debt and funding investments. Shares trade near $16, up ~6% this month but off the 52-week high of $19.67. Q2 results land July 30; consensus sees EPS $0.50, flat YoY, revenue up over 8%. P/E near 9x. Rating: Hold, $18 target. Dividend Yield: 10.17% | DGR5Y: 8.66% Dividend Payout Period (*): 7.77 (*) DPP estimates the years of dividends needed to repay the investment, based on yield and growth trend. $HTGC has been in my portfolio since December 2025, and despite suffering a decline due to tensions in the private credit sector, I expect it to recover its historical premium of 1.5 times NAV, reaching a target price of around $18 per share, confirming itself as one of the strongest holdings in the core portion of my portfolio. $HTGC is, in fact, one of the stocks I rely on most to keep my portfolio's risk score low. And if you're interested in more details about $HTGC, below is the link to the post where I introduced the company when I decided to buy it. www.etoro.com/posts/1e4744c0-10dd-11f1-8080-8000395542e6 I am @IlMatematico and through Rules, Discipline and Time, I work every day to build a portfolio aimed at long-term financial serenity, both for myself and for those who choose to copy me, within a clear and structured long-term vision. Follow me to stay updated on my investment activity across $SPX500, $NSDQ100 and the crypto space.

Not investment advice. The author may have financial interests in the mentioned instruments.