Published Thu, 25 Oct 2018 13:20:01 -0400 on Seeking Alpha
Quick HTGC & BDC Buzz History As many readers know, I am typically a 'Buy and Hold' investor making additional purchases during general market pullbacks (including this one) and only selling if there are serious issues. I have been investing (on and off) in Hercules Capital (HTGC) over the last 10 years and writing public articles on Seeking Alpha discussing the stock for over 5 years. The most recent public article was July 29, 2018 - "Upcoming 3% To 4% Book Value Growth For This 9.2% Yielding BDC" discussing upcoming the anticipated increase in book value (or NAV) for HTGC.
There is a chance that I will be purchasing additional shares for the reasons discussed in this article including:
NAV per share growth potential Likely increased regular dividend Maintaining higher credit quality Being oversold along with the entire sector as (discussed at the end) Change in HTGC NAV Per Share As predicted in “Upcoming 3% To 4% Book Value Growth For This 9.2% Yielding BDC” linked above, during Q2 2018, HTGC's NAV per share increased by 5.1% or $0.50 per share from $9.72 to $10.22 mostly due to accretive share issuances and its equity position in DocuSign Inc. (DOCU) .
In April 2018, DocuSign, a company that provides electronic signature technology and digital transaction management services for facilitating electronic exchanges of contracts and signed documents, completed its IPO debut raising approximately $725 million pricing 25... Read more
|Stock name||Last trade||P/E||Earnings/Share||Dividend/Share||Dividend yield|
|OAKTREE SPECIALTY LENDING||4.90||0.0||-1.39||0.50||10.02|
|NEWTEK BUSINESS SERVICES||18.50||0.0||0.00||1.60||8.12|
|GOLUB CAPITAL BDC||17.83||13.5||1.32||1.28||7.19|
|MAIN STREET CAPITAL||37.72||13.4||2.81||2.40||6.31|
Older articles featuring Fs Investment (FSIC):Solar Capital's Detailed Dividend Sustainability Analysis (Includes 2019 Dividend Projections)
Prospect Capital's Updated Dividend And NAV Sustainability Analysis - Part 1 (Includes Fiscal Year 2019 Monthly...
Main Street Capital's Dividend, NAV, And Valuation Vs. 14 BDC Peers (Post Q3 2018 Earnings) - Part 2
Tax-Loss Harvesting And Merger Fears Driving 10%+ Yield For BlackRock TCP Capital?
Ares Capital's Detailed Dividend Sustainability Analysis (Includes 2019 Dividend Projections)
Main Street Capital's Dividend, NAV, And Valuation Vs. 10 BDC Peers (Post Q3 2018 Earnings) - Part 1
Assessing Main Street Capital's Results For Q3 2018 (Includes Discussion Of Dividend Transition)
Sector Pullback Drives 10.3% Yield For This Defensively Positioned BDC
Main Street Capital's Detailed Dividend Sustainability Analysis (Includes First Half Of 2019 Special Periodic Dividend...
This Stable 10.1% Yielding BDC Is A Strong Buy At These Levels