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Interest rate fears are creeping back into the market again and this article discusses a sector that will benefit. BDCs are currently yielding an average of 8.4% and higher interest rates will likely drive improved net interest margins and dividend increases. More importantly, BDC...
BDCs are attracting more investors because of their high yields and growth prospects. We do hold a few best-of-breed BDCs, but avoid 90% of the sector. We reveal what we look for when evaluating potential BDC investments and highlight one BDC to avoid as well as one of our favorit...
Part 1 of this article compares SLRC’s recent quarterly change in NAV, quarterly and trailing 24-month economic return, NII, and current valuation to thirteen BDC peers. Part 1 also performs a comparative analysis between each company’s investment portfolio as of 12/31/2...
NEWT's price is WAY above trailing book value. Hurray for the big Q2 2020 dividend, but this price isn't sustainable. NLY-G looks too expensive. Why would you buy NLY-G at $25.40 over NLY-I at $25.76? Won't pay over par? You still wouldn't want NLY-G. Stop arguing. CIM-C vs. CIM-D...
October-December Kiplinger Today published four articles: 11 Best Monthly Dividend[s]; 21 Best Stocks; 11 Dividend Growth Stocks; 25 Dividend Stocks Analysts Love. Stocks therein I called "Kiplinger Top-Stocks For 2021." Then, in March, Barron's Weekly published "Retire on Dividends" ...
April 8-May 12, 2021, readers mentioned 52 equities in their comments. Some lamented bad news so bad news investments (rogues) mixed with (mostly) favorites. (Hence, these are the ReVFa/Ro.). Ten analyst target estimated TOP NET GAIN reader faves & rogues (ReFa/Ro) FDUS, NVS, BBL,...
One of our strong buy ratings from 2020 needs an update. GPMT destroyed the bears. GPMT was priced for disaster. It never happened. Unless someone was shorting GPMT. That person would have a disaster. Spreads between assets and hedges in agency and non-agency mREITs (ignores comme...
Several mortgage REITs are trading around book value. Thanks to changes in the spreads on agency MBS, book value has also increased substantially. The remaining risk/reward profile is significantly less appealing. The 3 REITs we highlight here have done a better job at protecting ...
Prospect Capital Corporation (PSEC) Q3 2021 Earnings Conference Call May 11, 2021 11:00 ET Company Participants John Barry - Chairman & Chief Executive Officer Grier Eliasek - President & Chief Operating Officer Kristin Van Dask - Chief Financial Officer Conference Call Participants R...
We see another BDC where the price is pushing up close to trailing book value. The share price has hardly ever exceeded trailing BV in the last 6 years. So that doesn’t look like a good starting point. The book value per share has generally trended downward since early 2015...
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