Reports 17.9% Increase in Adjusted NII Per Share and 0.9% Increase in NAV from Previous Quarter Quarterly ROE of 14.1% Generates LTM ROE of 9.3% and Beats the BDC Industry Average of 7.0% NEW YORK, July 08, 2025 (GLOBE NEWSWIRE) -- Saratoga Investment Corp. (NYSE: SAR) (“Saratoga Investment” or “the Company”), a business development company (“BDC”), today announced financial results for its fiscal first quarter 2026 ended May 31, 2025. Summary Financial Information The Company’s summarized financial inform ...

Financial analyst by day and a seasoned investor by passion, I've been involved in the world of investing for over 15 years and honed my skills in analyzing lucrative opportunities within the market.I specialize in uncovering high quality dividend stocks and other assets that offer potential for long term-growth that pack a serious punch for bill-paying potential. I use myself as an example that with a solid base of classic dividend growth stocks, sprinkling in some Business Development Companies, REITs, an ...

Core Insights - The article emphasizes the importance of a hybrid investment strategy that combines high-quality dividend stocks with other asset classes such as Business Development Companies, REITs, and Closed End Funds to enhance investment income while achieving total returns comparable to traditional index funds [1]. Investment Strategy - The investment approach focuses on creating a balanced portfolio that not only provides income through dividends but also captures growth, aiming for a total return that aligns with the performance of the S&P 500 [1]. - The strategy is designed to be efficient in boosting investment income while maintaining a solid foundation of classic dividend growth stocks [1].

Core Viewpoint - The article analyzes Golub Capital BDC Inc.'s (NASDAQ:GBDC) recent performance metrics and compares them with 11 business development company (BDC) peers, highlighting GBDC's strengths and weaknesses in terms of net asset value (NAV), economic return, and investment portfolio composition [1][2][25]. Summary by Relevant Sections NAV and Economic Return Analysis - GBDC's NAV per share decreased from $15.13 at the end of Q4 2024 to $15.04 at the end of Q1 2025, reflecting a quarterly decrease of 0.59% [11]. - The economic return for GBDC in Q1 2025 was 1.98%, with a trailing 12-month economic return of 11.77%, which is above the average of its peers [11][25]. - As of May 30, 2025, GBDC's stock price was $15.21, trading at a premium of 1.74% to its estimated NAV of $14.95 [24]. Investment Portfolio Composition - As of March 31, 2025, GBDC's investment portfolio consisted of 92% in senior secured first-lien loans, with less than 1% in subordinated debt and 7% in equity/warrants [15][17]. - GBDC's fair market value (FMV) versus cost ratio was 0.9941, slightly below the peer average of 1.0106, indicating a minor negative trend [17]. - The company had a low non-accrual percentage of 1.2% based on amortized cost, which is below the peer average of 3.5%, suggesting better credit quality [18]. Performance Metrics Comparison - GBDC's cumulative realized loss per share was ($0.44), which is more favorable compared to the peer average loss of ($0.82), indicating stronger long-term performance [19]. - The adjusted net investment income (NII) for GBDC was $0.388 per share in Q1 2025, with a price-to-annualized NII ratio of 9.80x, slightly below the peer average of 10.01x [21][24]. - During Q1 2025, 6.88% of GBDC's total investment income was attributed to capitalized PIK/deferred interest income, aligning with the peer average of 6.87% [22]. Management and Fee Structure - GBDC recently reduced management fees from 1.375% to 1.00%, the lowest among its externally managed peers, which is expected to benefit shareholders [27]. - The cap on income incentive fees was lowered from 20% to 15%, further enhancing the company's attractiveness to investors [27]. Overall Valuation and Recommendations - GBDC is currently deemed appropriately valued, with a price target of approximately $16.05 per share, indicating a HOLD recommendation [34]. - The company is positioned to weather potential economic downturns better than many peers, supported by its low exposure to high-risk sectors like oil and gas [31][20].

The Zacks Property and Casualty (P&C) Insurance industry has been benefiting from Solid retention, exposure growth across business lines and improved pricing, driving higher premiums and helping insurers maintain profitability. The industry remains focused on personalized offerings to enhance customer experience, leveraging digitalization. However, catastrophic activities, both natural and man-made, might have weighed on underwriting profit.Here we focus on two property and casualty insurers, namely Axis Ca ...

Business Development Companies have become increasingly popular during this period of elevated interest rates because of their ability to generate a higher amount of income. However, the higher rate environment has also revealed which BDCs are more vulnerable to unfavorable shiftsFinancial analyst by day and a seasoned investor by passion, I've been involved in the world of investing for over 15 years and honed my skills in analyzing lucrative opportunities within the market.I specialize in uncovering high ...

及时接收最新最热的推文 图片来源：晚点LatePost 方洪波表示：小米集团总裁卢伟冰去年来过一趟美的，给我们演示了一个 PPT。 他们有宏大的愿景，大致是三年时间手机销量要成为世界第一；汽车十年内要成为世界前五；大家电是三年之内成为中 国头部（前三）。 最近 经常有读者错过推送 左上角星标"躺倒鸭" 图片来源：微博@贝壳财经 方洪波："我当时差一点就想问，美的、格力、海尔，你想把哪一家挤下去？" 各位觉得呢？来投票！ 方洪波称："美的所有的领域小米都进入了，空调、洗衣机全做了，战术上他重视小米，但战略上他并不害怕小米进 来。" "很长一段时间，家电行业的格局有点固化了，大家甘于现有格局，相安无事，小米进来对家电行业是好事，我们要以 积极的心态应对。" 你这话给隔壁某位听到了，他会生气的 卢伟冰也转发微博称："去年8月，我和小米管理团队到美的总部拜访了方总。" 则表示："美的是非常优秀的企业，我们两家相互学习，做更好的家电产品，共同推动产业发展。" 关于美的是否会和车企合作造车？ 方洪波："不断也有汽车企业找我们，想合作来做汽车，我思考了很久，内部讨论过很多次，但后来还是推翻了，我认 为美的没有这个能力。 " ...

Investcorp Credit Management BDC (ICMB) Q3 2025 Earnings Call May 14, 2025 10:00 AM ET Speaker0 Good morning, ladies and gentlemen, and welcome to today's Investcorp Credit Management BDC's quarter ended 03/31/2025 earnings call. It is now my pleasure to turn the Speaker1 floor over to Walter Tin, CFO. Speaker0 Thank you, operator. Welcome everyone to Investcorp Credit Management, BEC's quarter ended 03/31/2025 earnings call. I am joined by Suhail Chape, President, Executive Chief Executive Officer of the c ...

Stellus Capital Investment (SCM) Q1 2025 Earnings Call May 13, 2025 12:00 PM ET Speaker0 Good morning, ladies and gentlemen, and thank you for standing by. At this time, I would like to welcome everyone to Stellus Capital Investment Corporation's conference call to report financial results for its first fiscal quarter ended 03/31/2025. This conference is being recorded today, 05/13/2025. It is now my pleasure to turn the call over Robert Ladd, Chief Executive Officer of Stellus Capital Investment Corporatio ...

NEW YORK, May 12, 2025 /PRNewswire/ -- WhiteHorse Finance, Inc. ("WhiteHorse Finance" or the "Company") (Nasdaq: WHF) today announced its financial results for the first quarter ended March 31, 2025. In addition, the Company's board of directors has declared a distribution of $0.385 per share with respect to the quarter ended March 31, 2025. The distribution will be payable on July 3, 2025 to stockholders of record as of June 19, 2025.Stuart Aronson, WhiteHorse Finance's Chief Executive Officer, commented, ...