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Focus of Article: The focus of this two-part article is a very detailed analysis comparing Ares Capital Corp. (ARCC) to some of the company's business development company ("BDC") peers (all sector peers I currently cover). I am writing this two-part article due to the continued requests that...
Focus of Article: The focus of PART 1 of this article is to analyze Ares Capital Corp.'s (ARCC) recent results and compare a handful of the company's metrics to fourteen business development company ("BDC") peers. This analysis will show past and current data with supporting documentation wi...
Recap/Focus of Article: On 2/27/2020, Main Street Capital Corp. ( MAIN ) reported quarterly net investment income (“NII”) of $0.615 per share and a net asset value (“NAV”) as of 12/31/2019 of $23.91 per share. In comparison, I projected MAIN would report quarter...
Introduction/Recap: On 2/10/2020, Prospect Capital Corp. ( PSEC ) reported quarterly net investment income (“NII”) of $0.185 per share, earnings per share (“EPS”) (also known as “ net assets resulting from operations” ) of ($0.030), and a net asse...
Prospect Capital Corporation (PSEC) Q2 2020 Earnings Conference Call February 11, 2020 11:00 AM ET Company Participants John Barry - Chairman and Chief Executive Officer Kristin Van Dask - Chief Financial Officer, Chief Compliance Officer and Treasure Michael Eliasek - President ...
MRCC Article Follow-Up: As mentioned in " Why Investors Are Selling 12% Yielding Monroe Capital ," Monroe Capital ( MRCC ) is likely going to report credit problems that will likely drive an upcoming dividend reduction in 2020. Clearly, investors agreed and continued to sell the stock:...
Author's Note: Prospect Capital Corp.'s ( PSEC ) fiscal year-end, based on Generally Accepted Accounting Principles ("GAAP"), is June 30th of a given year. As such, PSEC's fiscal second quarter of 2020 ends on December 31st of a given year. Focus of Article The focus of this article is t...
The other day I covered business development companies in " BIZD: As High-Yield Credit Spreads Fall, BDCs Will Perform Well " that explained why I believe BDCs are a solid bet over the next few months and how the ETF BIZD is a decent way to make that bet. While I like BIZD, I believe that ...
Focus of Article: The focus of this article is to provide a detailed analysis with supporting documentation (via three tests) on the dividend sustainability of Owl Rock Capital Corp. ( ORCC ) over the foreseeable future. This analysis will be provided after a brief overview of ORCC’s ...
According to Fidelity Investments , 57% of baby boomers (born between 1946 to 1964) who manage their own portfolios are holding more stock than the company would recommend – "largely due to the bull market of the last 10 years." Fidelity Investments says that baby boomers are over...