NAV Stock Recent News

Fineqia International Inc (CSE:FNQ, OTC:FNQQF) announced a 38.4% year-end rise in the Net Asset Value (NAV) of its Digital Asset Blockchain Infrastructure (DABI) Actively Managed Certificate (AMC), driven by portfolio adjustments and market trends. Fineqia, a digital asset and investment company, attributed the NAV growth to a repositioning of the portfolio to include assets such as Solana (SOL) and NEAR Protocol (NEAR), along with broader adjustments aligned with blockchain infrastructure trends.

The primary return source of BDC investments is dividend income. Yet, when there is a mismatch between price and value, it is possible to pocket attractive price returns as well. In this article, I share two BDCs that trade at 20%+ discount to their NAV and offer dividend yield starting from 13%.

Apartment Investment and Management Company trades below asset value, offering 27% upside to NAV, and returns capital via stock buybacks and special dividends. AIV, a development-focused REIT, emerged from the Aimco split with significant development capabilities concentrated in a $1.3B shell. Valuation hinges on a sum-of-the-parts NAV estimate, with stabilized assets, land value, and in-progress developments forming key components.

RCS and PCM recently announced distribution cuts, and they were simultaneously trading at some hefty premiums to their NAV per share. We saw the usual outcome, which is a drastic sell-off as is often the case with the dangerous combination of elevated NAV distribution rates and premiums are mixed. We are looking at two more names to warn about in the future, but predicting distribution cuts is incredibly difficult as funds can pay out what they'd like.

LONDON , Dec. 31, 2024 /PRNewswire/ -- Tetragon has released its Monthly Factsheet for November 2024. Net Asset Value: $3,099m Fully Diluted NAV per Share: $34.58 Share Price (TFG NA): $14.15 Monthly NAV per Share Total Return: -0.2% Monthly Return on Equity: 0.2% Most Recent Quarterly Dividend: $0.11 Dividend Yield: 3.1% Please refer to important disclosures on page three of the Monthly Factsheet.

Exor's long term investment results have been undeniably strong, a fact that the market seems unwilling to recognize. The group's portfolio has a bias toward cyclicals, but steps are being taken to reduce this skew. Exor's current share price implies a discount to NAV of close to 50% and provides investors with an attractive way to invest in names such as Stellantis, Ferrari and Philips.

GBL trades at a 44% discount to NAV; deeper analysis of its six public holdings, which comprise 61% of NAV, reveals whether this is justified. SGS, the largest holding, is a market leader in a growing industry with solid financials and is fairly valued at 26x P/E. Pernod Ricard and Adidas, both facing post-COVID challenges, are fairly valued; Adidas has shown a 25% YTD return and multiple outlook upgrades.

Liberty All-Star Equity offers a high 10% dividend yield with diverse sector exposure. USA's portfolio includes significant tech holdings like Microsoft, NVIDIA, and Alphabet, contributing to NAV growth, though it relies heavily on realized gains for performance. Interest rate cuts are expected to drive price appreciation. This will make it more attractive to obtain debt, which can be used to fund a variety of growth initiatives.

Reports Per Share Increases in Net Investment Income (“NII”), Adjusted NII, and Net Asset Value (“NAV”), as Compared to Prior Quarter Reports Per Share Increases in Net Investment Income (“NII”), Adjusted NII, and Net Asset Value (“NAV”), as Compared to Prior Quarter

Crescent Capital BDC raised its base dividend by 2.4% in Q2 and continues to pay substantial supplemental dividends, enhancing passive income returns. With a low dividend payout ratio and a focus on First Liens, CCAP is a strong 'Buy' for passive income investors. Crescent Capital's net investment income covers its base dividend well, and its non-accrual ratio has improved, indicating high credit quality.