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Lucid Capital Initiates OFS Capital (OFS) at Neutral With a $7 Price Target
Yahoo Finance· 2025-11-18 07:36
OFS Capital Corporation (NASDAQ:OFS) is included among the 15 Stocks with Highest Dividend to Invest in. Lucid Capital Initiates OFS Capital (OFS) at Neutral With a $7 Price Target Photo by Dan Dennis on Unsplash On November 4, Lucid Capital began coverage of OFS Capital Corporation (NASDAQ:OFS) with​ a Neutral rating and a $7 pric‍e target, as reported by The Fly. The firm noted th‌at‍ it would‍ like to see f‍ewer nonaccrual in⁠vestm‍ents,⁠ r‍educed leverage, and a​ higher share of i‍nterest-earning as ...
The Government Just Turned This 12.5% Dividend Back ON
Forbes· 2025-11-13 17:05
Core Insights - The end of the government shutdown is a significant relief for small businesses, allowing them to resume operations and cash flow [2][3]. Group 1: Impact on Small Businesses - Small businesses are experiencing a resurgence as government payments resume, particularly benefiting defense contractors and tech suppliers [3]. - FS Credit Opportunities (FSCO), a small business lender, has a 3.7% stake in TCFIII Owl Finance, which is poised to benefit from the unlocking of contracts [4]. - FSCO also lends to Penn Foster, an online education platform, which can now restart funding and enrollments after federal job grants were frozen during the shutdown [5]. Group 2: Performance of FSCO - FSCO's net asset value (NAV) has increased by 1.7% in 2025 despite the disruptions caused by the shutdown [7]. - FSCO has maintained its monthly dividend payments, increasing from 6 cents to 6.8 cents per share, yielding 12.5% annually [8]. - The current trading price of FSCO is at a 10% discount to its NAV, presenting a potential opportunity for contrarian investors [10][11].
Clear Street Upgrades Capital Southwest (CSWC) to Buy After Strong Q3 Results
Yahoo Finance· 2025-11-13 08:33
Capital Southwest Corporation (NASDAQ:CSWC) is included among the 15 Extreme Dividend Stocks to Buy According to Hedge Funds. Clear Street Upgrades Capital Southwest (CSWC) to Buy After Strong Q3 Results Image by Alexsander-777 from Pixabay On November‌ 4, Cl‌ear Stre‍et up‍graded Capital Southwest Corporation (NASDAQ:CSWC) f‍rom Hold to Buy while keeping its pr⁠ice tar⁠ge‍t ste‍ady a‍t $2​2, as reported by the Fly. Th‌e firm described the recent‌ quarter a‌s another strong performance that demonstrate ...
Saratoga Investment Corp. Announces Special Dividend of $0.25 Per Share Fulfilling Its Fiscal 2025 Distribution Requirements
Globenewswire· 2025-11-12 13:30
Core Points - Saratoga Investment Corp. has declared a special cash distribution of $0.25 per share for the third quarter of fiscal 2026, in addition to its regular monthly dividend of $0.25 per share, resulting in a total cash distribution of $0.50 per share for shareholders of record as of December 2, 2025 [1][2][3] Dividend Details - The special dividend will be paid on December 18, 2025, coinciding with the regular monthly dividend payment [2] - This special dividend is intended to meet the final spillover income distribution requirements for fiscal year 2025 [2] - The total dividend per share for fiscal Q3 2026 is $0.50, which includes both the base and special dividends [4] Management Commentary - The Chairman and CEO of Saratoga Investment expressed satisfaction in rewarding shareholders with a year-end special dividend for the second consecutive year, highlighting strong spillover income and a commitment to efficient capital return [3] - The company aims to provide enhanced value to shareholders while maintaining a buffer against potential adverse events, including interest rate cuts [3] Dividend Reinvestment Plan - Shareholders have the option to receive the special dividend in cash or in shares of common stock through the company's dividend reinvestment plan (DRIP) [3] - Shareholders must instruct their brokers if they prefer to receive dividends in common stock prior to the record date [3] Company Overview - Saratoga Investment is a specialty finance company focused on providing customized financing solutions to U.S. middle-market businesses, primarily through senior and unitranche leveraged loans and mezzanine debt [6] - The company is regulated as a business development company and is externally managed by Saratoga Investment Advisors, LLC [6] - Saratoga Investment manages a $650 million collateralized loan obligation (CLO) fund and co-manages a joint venture fund with a $400 million CLO [6]
Blackstone Secured Lending Fund (NYSE:BXSL) Overview
Financial Modeling Prep· 2025-11-09 17:00
Group 1 - The Blackstone Secured Lending Fund (BXSL) is a significant entity in the Business Development Company (BDC) sector, focusing on flexible financing solutions for middle-market companies [1] - BXSL is recognized for its stable portfolio characteristics, particularly in terms of Net Asset Value (NAV) and earnings quality, but faces competition from other BDCs that may provide better value [1] - The consensus price target for BXSL has remained stable at $28 over the past year, indicating steady analyst confidence in its performance [2] Group 2 - Despite the stable price target, BXSL is viewed as one of the most overvalued quality BDC stocks, with a notable valuation gap compared to its peers [3] - RBC Capital has set a price target of $30 for BXSL, suggesting potential concerns regarding its valuation and possible rating downgrade [3] - The combination of a stable price target and overvaluation raises questions about BXSL's long-term value proposition, which could affect investor sentiment and future price targets [4][5]
Main Street Capital (NYSE:MAIN) Reports Q3 In Line With Expectations
Yahoo Finance· 2025-11-06 21:54
Core Insights - Main Street Capital met Wall Street's revenue expectations for Q3 CY2025, achieving a revenue of $139.8 million, reflecting a year-on-year growth of 2.2% [1][2] - The company's non-GAAP profit was reported at $1.03 per share, exceeding analysts' consensus estimates by 5.2% [1][2] Company Performance - Pre-tax profit for Q3 CY2025 was $89.52 million, resulting in a 64% profit margin [2] - The annualized return on equity was reported at 17.0%, indicating strong operational performance [2] - The market capitalization of Main Street Capital stands at $5.12 billion [2] Revenue Growth - Over the past five years, Main Street Capital has achieved a compounded annual growth rate of 20.5% in revenue, outperforming the average financials company [4] - The annualized revenue growth over the last two years was 7.6%, which is below the five-year trend but still considered respectable [5]
Prospect Capital Announces Financial Results for September 2025
Globenewswire· 2025-11-06 21:14
Core Viewpoint - Prospect Capital Corporation reported its financial results for the fiscal quarter ending September 30, 2025, showing a net investment income of $79.35 million, a slight increase from the previous quarter, but a decrease compared to the same quarter last year. The company also declared distributions to common shareholders and highlighted its investment strategy focusing on first lien senior secured loans and real estate investments. Financial Results - Net Investment Income ("NII") for the quarter was $79,350,000, compared to $79,043,000 in the previous quarter and $89,877,000 in the same quarter last year [2] - NII per Common Share remained at $0.17, unchanged from the previous quarter but down from $0.21 year-over-year [2] - Total Assets decreased to $6,641,870,000 from $6,804,938,000 in the previous quarter and $7,592,705,000 year-over-year [2] - Net Income applicable to Common Shareholders was $48,087,000, a significant recovery from a loss of $226,369,000 in the previous quarter and a loss of $165,069,000 in the same quarter last year [2] - Distributions to Common Shareholders totaled $62,393,000, slightly up from $61,181,000 in the previous quarter but down from $77,358,000 year-over-year [2] Investment Strategy - The company has focused on first lien senior secured middle market loans, increasing its first lien mix by 701 basis points to 71.1% from June 2024 [7] - The second lien senior secured middle market loans decreased by 292 basis points to 13.5% [7] - The company exited its subordinated structured notes portfolio, reducing its mix to 0.3% [7] - Investments in real estate properties have yielded an unlevered investment-level gross cash IRR of 24% since the inception of this strategy in 2012 [9] Portfolio Update - Total Investments as of September 30, 2025, were $6,532,842,000, down from $6,693,501,000 in the previous quarter and $7,329,338,000 year-over-year [12] - The number of portfolio companies decreased to 92 from 97 in the previous quarter and 117 year-over-year [12] - The annualized current yield for all investments was 9.1%, down from 9.6% in the previous quarter [12] Capital and Liquidity - The company has a diversified funding profile, including a $2.1 billion revolving credit facility and various debt instruments [15] - On October 30, 2025, the company completed an institutional issuance of approximately $168 million in senior unsecured notes due 2030 [16] - The weighted average cost of unsecured debt financing was 4.54%, reflecting a slight increase from the previous periods [20] Dividend Information - The company declared monthly cash distributions of $0.0450 per share for November 2025, December 2025, and January 2026 [5] - Cumulative distributions to common shareholders since inception amount to approximately $4.6 billion, with $21.79 per share distributed [5]
Nuveen Churchill Direct Lending Corp. Announces Third Quarter 2025 Results
Businesswire· 2025-11-04 12:15
Core Viewpoint - Nuveen Churchill Direct Lending Corp. reported its financial results for the quarter ended September 30, 2025, highlighting a net investment income of $0.43 per share [1]. Financial Performance - The company achieved a net investment income of $0.43 per share for the quarter [1]. - The report includes details on net realized and unrealized gains, although specific figures were not provided in the excerpt [1].
Capital Southwest Announces Financial Results for Second Fiscal Quarter Ended September 30, 2025
Globenewswire· 2025-11-03 21:01
DALLAS, Nov. 03, 2025 (GLOBE NEWSWIRE) -- Capital Southwest Corporation (“Capital Southwest,” “CSWC” or the “Company”) (Nasdaq: CSWC), an internally managed business development company focused on providing flexible financing solutions to support the acquisition and growth of middle market businesses, today announced its financial results for the second fiscal quarter ended September 30, 2025. Second Quarter Fiscal Year 2026 Financial Highlights Total Investment Portfolio: $1.9 billion Credit Portfolio of $ ...
Great Elm Capital Corp. ("GECC”) Schedules Third Quarter 2025 Earnings Release and Conference Call
The Manila Times· 2025-10-31 12:10
Core Points - Great Elm Capital Corp. (GECC) will release its financial results for Q3 2025 on November 4, 2025, after market close [1] - A conference call to discuss the results is scheduled for November 5, 2025, at 8:30 a.m. ET [1] Company Overview - GECC is an externally managed business development company focused on generating current income and capital appreciation through investments in debt and income-generating equity securities, including specialty finance businesses and CLOs [4]