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Market Stats BDCs at Yahoo BDCs at CNN BDCs at Excite MarketWatch BDCs at MSN BDCs at WSJ Prior Updates Apr Mar Feb Jan Factoids May Apr Mar Feb Jan |
ACAS Reports Q1 Results PRNewswire 5-01 ACAS Q1-07 earnings decreased 17% to $134 million, compared to $162 million for Q1-06. On a basic per share basis for the quarter, earnings decreased 35% to $0.88 per basic share compared to $1.35 per basic share for the first quarter of 2006. Earnings were also $0.42 per basic share below American Capital's forecasted range. For the quarter, net portfolio appreciation and realized gains totaled $16 million compared to $46 million for Q1-06. Earnings less unrealized appreciation and depreciation ("Realized Earnings") decreased 27% to $0.83/share for Q1-07 compared to $1.14/share for Q1-06. NOI decreased 3% to $0.75/share from $0.77/share for Q1-06. American Capital's NAV per share at 3-31-07 was $30.36, a $5.06 or 20% growth over the 3-31-06 NAV per share of $25.30. ALD Reports Q1 Results Businesswire 5-08 Allied Capital Corporation reported net income was $133.1 million [$0.87/share] for Q1-07, as compared to $99.6 million [$0.70/share] for Q1-06. Net investment income was $39.5 million [$0.26/share] compared to $41.3 million [$0.29/share] for Q1-06. The total of net investment income and net realized gains was $67.2 million [$0.44/share]. The weighted average yield on the private finance loans and debt securities was 11.7% at 3-31-07. Net asset value per share at the end of Q1-07 was $19.58. AINV Reports Q1 Results Market Wire 5-29 Apollo Investment Corporation reported gross investment income of $75.3 million compared to $42.5 million in Q1-06. For the fiscal years ended March 31, 2007 and March 31, 2006, gross investment income totaled $266.1 million and $152.8 million. Net investment income totaled $21.7 million in Q1-07 compared to $22.7 million in Q1-06. EPS for Q1-07 was $1.04 compared to $ 0.65 in Q1-06. Net Asset Value per share at the end of Q1-07 was $17.87. At March 31, 2007, AINV's net portfolio consisted of 57 portfolio companies and was invested 61% in subordinated debt, 4% in preferred equity, 9% in common equity and warrants and 26% in senior secured loans versus 46 portfolio companies invested 60% in subordinated debt, 2% in preferred equity, 7% in common equity and 31% in senior secured loans at March 31, 2006. The weighted average yields on our subordinated debt portfolio, senior secured loan portfolio and total debt portfolio were 13.5%, 12.3% and 13.1%, respectively, at March 31, 2007. ARCC Reports Q1 Results Businesswire 5-10 Ares Capital Corporation reported GAAP Net income in Q1-07 of $23.6 million or $0.44/share. Net investment income was $18.9 million or $0.36/share. The fair value of Ares Capital's investments at March 31, 2007 was $1.4 billion. These portfolio investments (excluding cash and cash equivalents) were comprised of approximately 67% in senior secured debt securities (43% in first lien and 24% in second lien assets), 22% in senior subordinated debt securities, 10% in preferred/common equity securities and 1% in senior notes. As of March 31, 2007, the weighted average yield of debt and income producing equity securities was 11.71% and 54% of ARCC's assets were in floating rate debt securities. Net assets per share at March 31, 2007 of $15.34. CSE Reports Q1 Results PRNewswire 5-01 CapitalSource Inc. reported Q1-07 adjusted earnings of $113.9 million [$0.63/share], a 4% increase compared to $109.6 million [$0.61/share] for Q4-06. Net income for the quarter was $78.7 million [$0.43/share], a 30% increase, compared to net income of $60.3 million [$0.34/share] for Q4-06. Total commercial loans outstanding were $8.6 billion at quarter end. Direct real estate investments, net of accumulated depreciation, were $805.7 million at quarter end. Yield on average interest earning assets was 12.44% for the quarter, an increase of 32 basis points from the prior quarter. The increase in yield is primarily due to an increase in prepayment-related fee income. Prepayment-related fee income contributed 110 basis points to yield compared to 60 basis points of prepayment related fee income in the prior quarter. Cost of funds was 6.22% for the quarter compared to 6.46% for the prior quarter. Net asset value per share was $11.78 [the 'book value' from the Yahoo key stats page]. GAIN Reports Q1 Results Businesswire 5-31 Gladstone Capital Corp. reported Net Investment Income for Q1-07 [GAIN's 'second' quarter] of $2,784,614, or $0.17 per share compared to $2,698,622, or $0.16 per share for Q1-06. The annualized weighted average yield on GAIN's portfolio was 8.72% compared to 7.41% for Q1-06. Net asset value at end of Q1-07 was $13.46 compared to $13.84 at the end of Q1-06. GOOD Reports Q1 Results Businesswire 5-01 Gladstone Commercial Corp. reported net income available to common stockholders for Q1-07 of $506,905 [$0.06/share] compared to $502,356 [$0.06/share] for Q1-06. FFO for Q1-07 was $2,924,717 [$0.34/share] compared to $2,337,096 [$0.30/share] for Q1-06. Net asset value [the book value from the Yahoo key stats page] at end of Q1-07 was $17.47. HTGC Reports Q1 Results Businesswire 5-03 Hercules Technology Growth Capital, Inc. reporteed that net income more than doubled to $6.3 million [$0.28/share] on 22.9 million basic shares outstanding versus $2.5 million [$0.25/share] on 9.9 million basic shares outstanding in Q1-06. Net taxable income, excluding long-term capital gains, was approximately $5.5 million [$0.24/share] compared to $3.0 million [$0.30/share] in Q1-06. The overall weighted average yield to maturity on the Company's loan portfolio was approximately 12.72% as of 3-31-07, up from 12.64% at 12-31-06. At 3-31-07, net assets were approximately $269.6 million, with a net asset value per share of $11.68, which represents an increase of $14.2 million or $0.03 per share, compared to Q4-06. KED Reports Q1 Results Prime Newswire 5-10 Net investment income for the fiscal quarter ended 2-28-07 was $1.4 million [$0.14/share] with total investment income being $2.79 million. As of February 28, 2007, KED had invested $188.6 million, or 75%, of its net asset value of $250.1 million. At February 28, 2007, KED's long-term investments consisted of 39 portfolio companies (30 publicly traded and 9 private) and totaled 35% in fixed income securities and 65% in equity securities. On September 21, 2006, KED completed its IPO of 10 million shares at $25.00 per share, less an underwriting discount of $1.59 per share. After underwriting discounts, offering costs and organizational expenses, KED's net asset value was $23.32 per share. As of 2-28, KED's NAV had increased by 7.2% to $25.01 per share. The increase in Net Asset Value was due, in large part, to the increase in value of our portfolio of MLP equity securities during the period ending 2-28-07. Publicly traded MLP equity securities represented approximately 25% of total assets as of 2-28-07. KED invests in 30 publicly traded portfolio companies and 9 private portfolio companies. KFN Reports Q1 Results PRNewswire 5-03 KKR Financial Corp. reported net income for Q1-07 of $48.4 million [$0.60/share], an increase of 59% from $30.4 million [$0.38/share] for Q1-06. REIT taxable income, a non-GAAP financial measurement, for Q1-07 totaled $66.0 million [$0.82/share] compared to $47.7 million [$0.60/share] for Q1-06. The KFN portfolio consisted for Residential ARM Securities at 56.2%; Corporate Debt Securities at 6.8%; Residential ARM Loans at 5.3%; and Corporate Loans at 28.5%. Net asset value at end of Q1-07 was $20.95 compared to $21.42 at the end of Q4-06. NGPC Reports Q1 Results PRNewswire 5-04 NGP Capital Resources Company reported Q1-07 Net investment income was $4.417 million [$0.25/share] compared to $2.990 million [$0.17/share] in Q1-06. Investment income totaled $8.5 million for the quarter ended March 31, 2007, with $6.7 million attributable to our targeted investments and $1.8 million attributable to investments in cash equivalents and corporate notes. Operating expenses for the quarter were $4.1 million and included $1.6 million of investment advisory and management fees, and $0.9 million of general and administrative expenses and credit facility interest and fees of $1.6 million. Stockholders' equity or net assets per share as of March 31, 2007 was $14.16. As of 3-31-07 our portfolio was invested as follows: 53.1% in senior secured term loans, 10.4% in senior subordinated secured notes, 0.6% in participating convertible preferred stock, 4.3% in corporate notes, 1.7% in LLC units, 29.2% in U.S. Treasury Bills, and 0.7% in cash and cash equivalents. At 3-31-07, the weighted average yield on targeted portfolio investments, exclusive of capital gains, was 12.5%. The weighted average yield of our corporate notes was 5.5%. The weighted average yield of our U.S. Treasury Bills and cash equivalents was 5.0%. The weighted average yield on our total capital invested at 3-31-07 was 9.9%. PCAP Reports Q1 Results Businesswire 5-03 Patriot Capital Funding reported Q1-07 net investment income of $5.3 million, or $0.30 per basic and diluted share. The weighted average yield on all of PCAP's debt investments for Q1-07 was 13.0%, based on a weighted average fair value balance outstanding of our interest-bearing investment portfolio of $265.5 million. Net asset value at the end of Q1-07 was $10.75, up from $10.37 at December 31, 2006. PSEC Reports Q1 Results PRNewswire 5-10 Prospect Capital Corporation reported net investment income for Q1-07 was $7.02 million, a 56% increase over our net investment income for last quarter, and 36 cents per weighted average number of shares for the quarter, or 37 cents per beginning of the quarter share count. At March 31, 2007, our net asset value per share was $15.18. We estimate that our net investment income for the current fourth fiscal quarter ending June 30, 2007, will be $0.33 to $0.40 per share. Our portfolio on March 31, 2007, was invested approximately $211.3 million in 19 long-term investments, and the remainder in cash and short-term instruments. As of March 31, 2007, our portfolio generated a current yield of 17.0% across all our long-term debt and equity investments. TAXI Reports Q1 Results Businesswire 5-09 Medallion Financial Corp. announced that earnings, or net increase in net assets resulting from operations, increased to $3,780,000 or $0.21 per diluted common share for Q1-07, up from $1,787,000 or $0.10 per diluted common share for Q1-06. TAXI had a net investment income loss of $394 thousand in Q1-07. Net asset value per share at the end of Q1-07 was $9.76 compared to $ 9.73 at the end of Q4-06. TICC Reports Q1 Results Marketwire 5-08 Technology Investment Capital Corp.reported that net investment income was $6.6 million [$0.34/share], with net unrealized depreciation on investments of approximately $3.0 million and a net realized loss on investments of approximately $143,000. In total, TICC had a net increase in net assets resulting from operations of approximately $0.18/share for Q1-07. Total investment income was $9.9 million, of which approximately $9.6 million was interest income and approximately $280,000 was fee income. The ratio of net investment income to average net assets in Q1-07 was 9.69%. The weighted average yield of our debt investments (excluding cash equivalents and assuming no interest income on the investment placed on non-accrual status) in Q1-07 was approximately 12.0%. Net asset value per common share was $13.60 at the end of Q1-07 compared to $13.77 at the end of Q4-06. TCAP Reports Q1 Results Prime Newswire 5-09 Triangle Capital Corporation reported total investment income during Q1-07 of $2.1 million, compared to total investment income of $1.4 million during Q1-06. Net investment income during Q1-07 was $0.8 million, compared to net investment income of $0.5 million during Q1-06, representing an increase of 59.2%. Net investment income per share during Q1-07 was $0.12. TCAP's weighted average yield on all of its outstanding debt investments was 14.0%. TCAP's net asset value per share at March 31, 2007, was $13.57 as compared to $13.07 at the time of its initial public offering [2-27-07]. Triangle declared a dividend of $0.15/share payable June 28th to shareholders of record as of May 31, 2007. KCAP Reports Q1 Results Prime Newswire 5-10 Kohlberg Capital Corporation reported net income of $13.9 million [$0.78/share], net unrealized gains on assets of $8.6 million [$0.48/share], and net investment income of $5.3 million [$0.30/share]. KCAP declared a dividend of $0.29/share. Katonah Debt Advisors' value increased primarily as a result of an increase in its assets under management for which it receives a recurring management fee stream. Kohlberg Capital's net asset value increased approximately $8.9 million [$0.50/share] in Q1-07 to $265.3 million, or $14.78 per share. CODI Reports Q1 Results PRNewswire 5-14 Compass Diversified Trust reported cash flow available for distribution of $6.4 million. For the period from its initial public offering on 5-16-06 through 3-31-07, the Trust reported cash flow available for distribution of $30.1 million and a coverage ratio of 1.5x on all distributions paid though April 24, 2007. Compass does not report in the tradition BDC format of giving net investment income, but in sales and cost of sales. Yahoo give a book value to CODE of $12.50. GNV Declares First Dividend PRNewswire 5-21 GSC Investment Corp. declared a dividend of $0.24/share payable on 6-06-07 to common stockholders of 5-29-07. The dividend is for the "stub" fiscal quarter beginning 3-28-07 and ending 5-31-07. GNV's investment portfolio carries a weighted average yield of 11.5% and is comprised of approximately 14% first lien loans, 32% second lien loans, 19% senior secured high-yield bonds and 35% unsecured high yield bonds. GNV IPOed 7.25 million shares on 3-26 at $15.00. On 5-03 Wachovia Initiated GNV at Outperform. Citigroup Initiated at Hold and JP Morgan Initiated at Neutral. GSC Investment is managed by GSCP L.P. (“GSC Group"). The GSC Group CCD [Collateralized Corporate Debt] management team has been in place since 2002 and is led by Richard Hayden [an ex-partner at Goldman Sachs], Vice Chairman of GSC Group and Chairman of GSC Investment, and Thomas Inglesby, Senior Managing Director of GSC Group and Chief Executive Officer of GSC Investment. The CCD management team had assets under management of approximately $4.9 billion as of 12/31/06 and has raised 10 collateralized debt obligations funds since 2000. . On 5-21 Friedman Billings Downgraded CSE from Outperform to Market Perform. On 5-03 HTGC declared a first quarter dividend of $0.30 per share. The dividend will be payable on June 18, 2007 to shareholders of record as of May 16, 2007. On 5-09 TAXI declared a dividend of $0.19 per share on its common stock for the 2007 first quarter, an increase of 19% from $0.16 a year ago. The dividend is payable on June 1, 2007 to shareholders of record on May 18, 2007. ACAS declared a dividend of $0.91 per share to record holders as of June 11, 2007, payable on July 2, 2007. The estimated remaining 2007 dividends per share are $0.92 and $0.96 per share for the third and fourth quarters of 2007. On 4-05 Credit Suisse upgraded Macquarie Infrastructure [MIC], expecting better results from the fueling and aircraft storage company's liquid storage division. Analyst Sam Arnold raised Macquarie shares to "Outperform" from "Neutral," and lifted his price target to $45 from $40. He said the company is diverse and has little potential for cost overruns, and is a unique stock that may draw investor interest. "Although Macquarie Infrastructure would not be a bidder, we believe that the potential sale of the New Jersey Turnpike and the Pennsylvania Turnpike will garner investors' attention to the infrastructure space and thus Macquarie Infrastructure," he said. On 4-11 GLAD declared dividends of $0.14 per common share for each of the months of April, May and June of 2007. On 4-11 GAIN declared dividends of $0.075 per common share for each of the months of April, May and June of 2007. ACAS has a current dividend of $0.89/share (NII + Asset Management Income) Net Operating Income = [205 + 45] = $114 million [divided by 156.1 million shares = $0.731] Net realized gain = $13 million [$0.083/share] (NII + asset management inc + realized gains) Realized Earnings = $127 million [$0.814/share] Unrealized Appreciation = $7 million [$0.045/share] (Earnings) Increase in Net Assets resulting from Operations $134 million [$0.859/share] AINV has a current dividend of $0.51/share Net investment income = $21.728 million [divided by 103.500 million shares = $0.210/share] Net realized gain = $106.599 million) [$1.03/share] Realized Earnings = $128.327 million [$1.24/share] Net Unrealized gain = ($25.560 million) [- $0.247/share] Net Increase in Net Assets Resulting from Operations = $102.767 million [$0.993/share] ALD with a current dividend of $0.63/share Net investment income = $39.500 million [divided by 152.108 million shares = $0.26/share] Net realized gains = $27.666 million [$0.182/share] Realized Earnings = $67.166 million [$0.441/share] Net unrealized appreciation = $65.920 million [$0.433/share] Net increase in net assets resulting from operations = $133.086 million [$0.875/share] ARCC has a current dividend of $0.41/share Net Investment Income = $18.944 million [divided by 53.961 million shares = $0.351/share] Net realized gains = $.359 million [$0.007/share] Realized Earings = $19.303 million [$0.358/share] Net unrealized gains from investments = $4.285 million [$0.08/share] Net increase in net assets resulting from operations = $23.588 million [$0.44/share] GAIN has a current dividend of $0.225/share/quarter Net Investment Income = $2.784 million [divided by 16.560 million shares = $0.168/share] Realized (loss) gain = ($.093 million) [- $0.005/share] Realized Earnings = $2.691 million [$0.162/share] Net unrealized appreciation = ($2.233 million) [- $0.135/share] Net Increase in Net Assets Resulting from Operations = $0.458 million [$0.03/share] GLAD has a current dividend of $0.42/share/quarter Net Investment Income = $5.724 million [divided by 12.305 million shares = $0.465/share] Realized gain = $0.094 million [$0.007/share] Realized Earnings = $5.818 million [$0.473/share] Unrealized appreciation = ($1.731 million) [- $0.14/share] Net Increase in Net Assets Resulting from Operations = $4.087 million [$0.33/share] HTGC has a current dividend of $0.30/share Net investment income = $5.225 million [divided by 23.090 million shares = $0.226/share] Net realized gain on investments 289,702 [$0.01/share] Realized Earnings = $5.515 million [$0.24/share] Net increase in unrealized appreciation = $0.816 million [$0.035/share] Net increase in net assets resulting from operations $6.331 million [$0.274/share] MCGC has a current dividend of $0.44/share Net operating income = $20.046 million [divided by 59.472 million shares = $0.337/share] Net realized gains on investments = $2.527 million [$0.04/share] Realized Earnings = $22.573 million [$0.38/share] Unrealized appreciation = $8.248 million [$0.14/share] Net income = $30.821 million [$0.52/share] NGPC has a current dividend of $0.265/share Net investment income = $4.417 million [divided by 17.428 million shares = $0.253/share] Net realized capital gain = $0.000 million [$0.000/share] Realized Earnings = $4.417 million [$0.253/share] Unrealized appreciation $3.730 million [$0.214/share] Net Increase in Stockholders' Equity Resulting from Operations = $8.147 million [$0.467/share] PCAP has a current dividend of $0.32/share Net Investment Income $5.345 million [divided by 18.230 million shares = $0.293] Realized gain on investments = $6,000 [$0.000/share] Realized Earnings = $5.351 million [$0.293/share] Unrealized appreciation = $85,100 [$0.005/share] Net unrealized appreciation (loss) on interest rate swaps = ($63,328) [$0.003/share] Net Income = $5.373 million [$0.295/share] PSEC has a current dividend of $0.39/share Net investment income = $7.015 million [divided by 18.975 million shares = $0.37/share] Net realized gain (loss) on investments = ($0.001 million) [$0.00/share] Realized Earnings = $7.014 million [$0.37/share] Net increase (loss) in unrealized appreciation = ($2.038 million) [- $0.107/share] Net increase in net assets resulting from operations $4.976 million [$0.262/share] TAXI has a current dividend of $0.19/share Net investment income (loss) after income taxes ($0.395 million) [divided by 17.764 million shares = - $0.022/share] Net realized gains on investments = $10.012 million [$0.564/share] Realized Earnings = $9.617 million [$0.54/share] Unrealized gains (loss) on investments = ($5.836 million) [$0.328/share] Net Increase in Net Assets Resulting from Operations = $3.780 million [$0.213/share] TICC has a current dividend of $0.36/share Net investment income = $6.628 million [divided by 19.810 million shares = $0.334/share] Realized gains (loss) on investments = ($.143 million) [- $0.008/share] Realized Earnings = $6.485 million [$0.326/share] Unrealized appreciation (loss) = ($3.025 million) [- $0.153/share] Net Increase in Net Assets Resulting from Operations = $3.459 million [$0.175/share] NOTE #1: This page is ment to be a supplement for those already getting monthly sector updates from another source. Data entry errors sporadically happen. There are other metrics not covered here that should not be ignored. |