NAV Stock Recent News

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.

Exor faces challenges with Stellantis and CNH, but Ferrari's strong performance bolsters its financial stability. Exor's strategic shift towards luxury brands and healthcare indicates a potential move away from the volatile automotive market. Higher NAV and higher discounts. This is not justified. We remain buyers.

Amsterdam, 24 September 2024 NAV REACHED €38.3 BILLION AT 30 JUNE 2024, AN INCREASE OF €2.9 BILLION DURING THE FIRST HALF OF 2024 NAV per share increased by 9% in the first half of 2024, compared to 14% of the MSCI World Index, mainly driven by the performance of Ferrari, Philips and Lingotto Funds. Strong cash flow generation with dividends received from Companies and asset disposals of €1.5 billion.

Imperial Petroleum has shifted from aggressive dilution and related-party dealings to a more shareholder-friendly approach, marked by significant insider accumulation and a $10 million share buyback program. The company now boasts substantial insider ownership, halted dilution, and trades at a market cap significantly below its cash reserves and overall NAV, indicating multi-bagger potential. Despite a 172% share price rise over the past year, the stock still trades at a massive discount to NAV, suggesting further substantial gains ahead.

Despite a significant premium over NAV, Main Street Capital has consistently outperformed the broader BDC market, demonstrating strong and stable performance. By assessing the Q2 2024 data points, the case, in my opinion, has become even more attractive despite the presence of a notable premium over NAV. In this article, I elaborate on why I have remained bullish and why the premium should not scare away investors.

Prospect Capital Corp. is ideal for retirees due to its well-covered monthly dividends, low leverage, and significant discount to NAV. However, PSEC has consistently destroyed shareholder value with negative share price returns over the past 3, 5, and 10 years. The company's NAV has declined steadily, underperforming peers even in a high interest rate environment, leading to poor long-term performance.

Fidus Investment easily covered its base dividend with adjusted net investment income in Q2, ensuring sustainability even amid recession fears. The BDC focuses on First Lien debt, offering a compelling investment for passive income investors with a high-quality portfolio and competitive dividend yield. Fidus Investment's low payout ratio and excess portfolio income enable substantial supplemental dividends, enhancing the effective yield to approximately 11.8%.

After Q2 2024 Bain Capital Specialty Finance (BCSF) remains a strong buy due to robust fundamentals and an unjustified ~7% discount to NAV. Q2 2024 earnings show solid base dividend coverage at 121% and a healthy portfolio with non-accruals at just 1.0%. Despite a drop in net investment activity, gross origination increased 55% YoY, signaling strong future transaction activity.