In a recently published report, The Bear Cave’s Edwin Dorsey says to have uncovered "numerous concerning portfolio marks in the Hercules loan portfolio." "These issues are compounded by a handful of board and executive departures, the bankruptcy of Hercules’s close competitor Silicon Valley Bank, and a six-month prison sentence for Hercules founder Manuel Henriquez’s role in a college admissions scandal." The Bear Cave adds that while "investors view Hercules as a strong and attractive lender" in high-risk sectors, it believes "Hercules’s strength is a mirage." Shares of Hercules Capital have dropped over 2% to $12.80 in Thursday morning trading. See the top stocks recommended by analysts >>
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