Core Insights - The company reported a modest decrease in Bitcoin mined due to the relocation of approximately 800 machines from Kentucky to Oklahoma, but its Bitcoin holdings increased to 155 Bitcoin valued at over $16 million, equating to $3.16 per share [1][2] - The revenue generated from power curtailment activities is seen as a strategy to mitigate exposure to energy and Bitcoin price volatility, enhancing capital efficiency and supporting long-term treasury accumulation [1][3] - The operational metrics for May 2025 indicate a total of 4,320 operational machines and a hashrate of 0.48 EH/s in Oklahoma, with a total hashrate remaining stable at 0.61 EH/s [4] Financial Performance - As of May 31, 2025, the estimated value of the company's Bitcoin holdings was approximately $16.2 million, based on a Bitcoin price of around $104,600, while the stock share price was $1.93 [2] - The company mined 6.3 Bitcoin in May 2025, down from 6.6 Bitcoin in April 2025, with no Bitcoin sold during May [4] Company Overview - LM Funding America, Inc. operates as a Bitcoin mining and specialty finance company, founded in 2008 and based in Tampa, Florida [3]

Core Viewpoint - Blue Owl Technology Finance Corp. (OTF) is set to become the largest publicly traded technology-focused business development company (BDC) by total assets upon its listing on the New York Stock Exchange (NYSE) on or about June 12, 2025 under the ticker symbol "OTF" [1][3] Company Overview - OTF specializes in investing in U.S. upper middle-market technology companies, particularly in the software sector [1][14] - As of March 31, 2025, OTF had investments in 181 portfolio companies with an aggregate fair value of $12.1 billion [14] Management and Strategy - The senior management team includes Craig W. Packer (CEO), Erik Bissonnette (President), and Jonathan Lamm (CFO) [2] - The company aims to create long-term value for shareholders through its innovative investment strategy in software lending, which will remain the foundation of its portfolio as a public company [3] Financial Distributions - The Board of Directors declared a regular dividend of $0.35 per share for Q2 2025, payable on or before July 15, 2025 [4] - Five special dividends of $0.05 per share will also be paid quarterly, with specific payment dates outlined [5] Share Repurchase Program - A share repurchase program has been approved, allowing for the repurchase of up to $200 million of outstanding common stock [6][7] - The program will be in effect for 18 months from the listing date or until the approved repurchase amount is fully utilized [7] Transfer Restrictions - The Board waived transfer restrictions on 23,256,814 shares of common stock, allowing for a pro rata release of shares from lock-up periods [8][9] Listing Costs - OTF's adviser will reimburse $5 million of fees and expenses associated with the listing [10] Advisory Team - BofA Securities, J.P. Morgan, Keefe Bruyette & Woods, RBC Capital Markets, and Truist Securities are serving as lead advisors for the listing [11]

Market Overview - Wall Street experienced significant gains in May, with the S&P 500 increasing by 6.2% and the Nasdaq rising by 9.6%, marking the best month for both indices since late 2023 [1] - Investor optimism was fueled by a temporary pause on new trade tariffs announced by Trump, alleviating fears regarding trade tensions with China and the EU [1] Geopolitical Risks - Despite the temporary relief, the threat of tariffs remains, as China accused the U.S. of violating their trade truce by tightening controls on AI chip exports and student visas, which has raised tensions again [2] - The interconnectedness of the U.S. and Chinese economies means that even minor disputes can significantly impact market stability [2] Investment Strategy - In uncertain times, investors are turning to value investing, focusing on companies with strong fundamentals that are undervalued [3] - Value stocks with high earnings yield can provide attractive returns, especially during periods of market volatility [4] Earnings Yield - Earnings yield is calculated by dividing a company's annual earnings per share (EPS) by its current stock price, indicating potential returns for investors [5] - A higher earnings yield suggests a stock may be undervalued compared to its peers, while a lower yield may indicate overvaluation [5][7] Stock Screening Criteria - A primary screening criterion for selecting stocks is an earnings yield greater than 10%, supplemented by estimated EPS growth, average daily volume, and current price thresholds [8][9][10] - Stocks with a Zacks Rank of 1 (Strong Buy) or 2 (Buy) are expected to outperform their peers [10] Selected Value Stocks - Five value stocks with earnings yields exceeding 10% have been identified as appealing options amid rising U.S.-China tensions: AngloGold Ashanti (AU), Orchid Island Capital (ORC), LATAM Airlines (LTM), Priority Technology (PRTH), and Allianz (ALIZY) [11] - All five stocks show strong projected EPS growth through 2026 and meet liquidity, price, and growth criteria [11] Company Highlights - **AngloGold Ashanti (AU)**: Expected earnings growth of 95% in 2025 and 6.7% in 2026, with a Zacks Rank of 1 and a Value Score of A [12] - **Orchid Island Capital (ORC)**: Projected earnings growth of 394% in 2025 and 24.5% in 2026, Zacks Rank 1, Value Score B [13] - **LATAM Airlines (LTM)**: Anticipated earnings growth of 27.5% in 2025 and 20% in 2026, Zacks Rank 1, Value Score A [14] - **Priority Technology (PRTH)**: Expected earnings growth of 108% in 2025 and 34% in 2026, Zacks Rank 1, Value Score A [15] - **Allianz (ALIZY)**: Projected earnings growth of 16.4% in 2025 and 9% in 2026, Zacks Rank 1, Value Score B [16]

Core Viewpoint - Standard Premium Finance Holdings, Inc. positions itself as a stable, growth-oriented investment option amidst global trade tensions and market volatility, with a U.S.-focused business model that mitigates international trade risks [1][2]. Company Overview - Standard Premium operates entirely within the U.S., is highly regulated, and is not affected by global supply chains, making it resilient to market disruptions caused by tariffs [2]. - The company has financed over $2 billion in property and casualty insurance policies since 1991 and operates in 38 states [5]. Business Strategy - The company's business model is service-driven, aiming for measurable growth milestones while maintaining low exposure to international volatility [2]. - Standard Premium emphasizes disciplined and transparent business practices to provide long-term value, stability, and increased shareholder value across market cycles [3]. Financial Performance - The company announced a $250,000 stock repurchase program, reflecting confidence in its strategic direction and financial strength, which is supported by record profitability in FY 2024 and Q1 2025 [4]. - The stock repurchase program is set to run through November 2, 2025, allowing for capital return to shareholders while supporting growth initiatives [4]. Growth Opportunities - Standard Premium is actively seeking mergers and acquisitions of synergistic businesses to leverage economies of scale and enhance growth potential [5].

Core Viewpoint - Standard Premium Finance Holdings, Inc. has announced a stock repurchase program allowing the company to buy back up to $250,000 of its common stock over a six-month period, reflecting confidence in its strategic direction and financial strength [1][2]. Group 1: Stock Repurchase Program - The stock repurchase program is set to expire on November 2, 2025, and will be influenced by market conditions, stock price, regulatory requirements, and corporate liquidity [1]. - The program is designed to provide flexibility in returning capital to shareholders and demonstrates the long-term value of the company's business model [2]. - There is no obligation for the company to purchase a specific number of shares, and the timing and price of repurchases will be at management's discretion [2]. Group 2: Financial Performance and Strategy - The repurchase program is characterized as an efficient use of capital, aligning with the company's disciplined approach to growth and value creation [3]. - The company has reported record profitability in FY 2024 and Q1 2025, indicating continued financial momentum and operational strength [3]. - The company is focused on executing its acquisition strategy and expanding its national footprint to deliver long-term returns for shareholders [3]. Group 3: Company Background - Standard Premium Finance Holdings, Inc. has financed over $2 billion in property and casualty insurance policies since 1991 and operates in 38 states [4]. - The company is actively seeking mergers and acquisitions of synergistic businesses to leverage economies of scale [4].

Core Insights - Standard Premium Finance Holdings, Inc. has reported record-breaking profitability with a net income increase of 84.1% year-over-year and total revenues exceeding $12.1 million, marking a 24.9% increase over 2023 [1][6] - The company achieved its strongest single-quarter performance in Q1 2025, with a 230% increase in earnings per share and an 82.7% rise in net income compared to Q1 2024 [1][6] Financial Highlights - Fiscal Year 2024: - Total Revenues: $12.1 million (up 24.9%) - Net Income: $980,000 (up 84.1%) - Return on Equity: 16.6% [6] - Q1 2025: - Net Income: $336,000 (up 182.7%) - Earnings Per Share (Basic): $0.10 (up 230%) - Return on Equity: 20.99% - Loan Originations: $149 million (up 14%) - Operating expenses reduced by 7.8% year-over-year [6] Business Strategy - The company emphasizes its strong business model, operational discipline, and commitment to customer service while focusing on strategic scaling and delivering consistent shareholder value [2][3] - Standard Premium aims to expand its footprint, invest in technology, and pursue growth opportunities that align with its strengths, including seeking M&A opportunities to leverage economies of scale [3]

An emerging leader in Bitcoin mining Q1 2025 Supplemental Investor Presentation Nasdaq: LMFA Forward-Looking Statements This presentation may contain forward-looking statements the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "intend," "plan," and "project" and other similar words and expressions are intended to signify forward-looking statements. Forward-looking statements are not guarantees of future results and conditions bu ...

Financial Performance - For the first quarter ended March 31, 2025, total investment income was approximately $11.9 million, with net investment income of approximately $7.6 million, or $0.34 per weighted average share [6][19]. - The net asset value (NAV) per share was $13.19 as of March 31, 2025, slightly down from $13.20 as of December 31, 2024, primarily due to dividend payments [7][9]. - Total net assets as of March 31, 2025, were $301.0 million, compared to $301.2 million as of December 31, 2024 [9]. Investment Activity - The company committed $32.3 million for four new credit facilities, with $20.8 million in aggregate par value advanced in the first quarter of 2025 [8]. - The investment portfolio had an aggregate fair value of approximately $289.3 million across 31 portfolio companies as of March 31, 2025 [8]. - The company funded $7.2 million in investments across four borrowers subsequent to the quarter end [7]. Credit Facility - On February 11, 2025, the company closed a new $100 million senior secured revolving credit facility, maturing in March 2028, with an interest rate of SOFR plus 3.00% and a floor of 6.00% [4]. Dividends - The company declared a cash dividend of $0.34 per share for the quarter ended March 31, 2025, payable on April 11, 2025, to shareholders of record as of March 28, 2025 [10]. - A similar dividend of $0.34 per share for the quarter ended June 30, 2025, is scheduled for payment on July 11, 2025 [10]. Management Commentary - The CEO noted a measured deployment strategy, with gross fundings by principal value reaching $52.8 million since October 1, 2024, and emphasized the focus on senior-secured lending in the lower-middle and middle markets [3].

Core Viewpoint - Runway Growth Finance Corp. reported its financial results for the first quarter of 2025, highlighting a decrease in total and net investment income compared to the previous year, while maintaining a strong investment portfolio and liquidity position [2][5][12]. Financial Performance - Total investment income for Q1 2025 was $35.4 million, down from $40.0 million in Q1 2024 [5]. - Net investment income for Q1 2025 was $15.6 million, or $0.42 per share, compared to $18.7 million, or $0.46 per share, in Q1 2024 [5][8]. - The dollar-weighted annualized yield on average debt investments was 15.4% for the quarter [6]. Operating Expenses and Gains - Total operating expenses for Q1 2025 were $19.8 million, a decrease from $21.3 million in Q1 2024 [7]. - The company realized a net gain on investments of $6.1 million for Q1 2025, compared to no net realized gains or losses in Q1 2024 [7][8]. Investment Portfolio - As of March 31, 2025, the investment portfolio had a fair value of $1.0 billion, consisting of $946.4 million in term loans, with 97.9% being senior secured loans [10]. - The company completed three investments in existing portfolio companies during Q1 2025, totaling $50.7 million in funded investments [8][11]. Net Asset Value - The net asset value as of March 31, 2025, was $503.3 million, or $13.48 per share, down from $529.5 million, or $13.36 per share, as of March 31, 2024 [12]. Liquidity and Capital Resources - The company had approximately $315.4 million in available liquidity as of March 31, 2025, including $18.4 million in cash and $297.0 million in borrowing capacity [14]. - The core leverage ratio was approximately 99%, compared to 108% at the end of 2024 [14]. Distributions - The board declared a regular quarterly distribution of $0.33 per share and a supplemental distribution of $0.02 per share for Q2 2025 [15]. Recent Developments - The company entered into a Master Note Purchase Agreement on April 7, 2025, issuing $107.0 million in Series 2025A Senior Notes with a fixed interest rate of 7.51% [18][19]. - A new share repurchase program was approved, allowing the company to repurchase up to $25.0 million of its outstanding common stock [23].

Core Insights - Consumer Portfolio Services, Inc. reported earnings of $4.7 million, or $0.19 per diluted share, for Q1 2025, showing a slight increase from $4.6 million in Q1 2024 [1][9] - Revenues for Q1 2025 reached $106.9 million, a 16.6% increase from $91.7 million in Q1 2024 [2][9] - The company achieved the highest amount in new loan originations for any first quarter in its history, with new contract purchases totaling $451.2 million [5][9] Financial Performance - Total operating expenses for Q1 2025 were $100.1 million, up from $85.2 million in the same period last year [2] - Pretax income for Q1 2025 was $6.8 million, compared to $6.6 million in Q1 2024 [2] - The annualized net charge-offs for Q1 2025 were 7.54% of the average portfolio, down from 7.84% in Q1 2024 [4][13] Portfolio and Receivables - As of March 31, 2025, total receivables amounted to $3.615 billion, an increase from $3.491 billion as of December 31, 2024, and $3.021 billion as of March 31, 2024 [3][12] - Delinquencies greater than 30 days were 12.35% of the total portfolio as of March 31, 2025, slightly down from 12.39% a year earlier [4][13] - The company purchased $451.2 million in new contracts during Q1 2025, compared to $346.3 million in Q1 2024 [3][12] Operational Highlights - The company focuses on providing indirect automobile financing to individuals with past credit problems or limited credit histories [7] - CPS funds contract purchases primarily through the securitization markets and services the contracts over their lives [7] - A conference call is scheduled for May 13, 2025, to discuss the Q1 2025 operating results [5][6]