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Posted by
Two Blokes Jun 13 -
Filed in
Stock
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3 views
I maintain a hold rating on HTGC due to its premium valuation and rising concerns over portfolio quality and PIK interest income. HTGC's dividend yield remains attractive and well-covered, but increasing PIK income signals potential stress among borrowers if rates stay elevated. The portfolio is concentrated in volatile sectors and faces heightened risk from competition and macro uncertainty, despite strong first lien loan positioning.
