NAV Stock Recent News

We reiterate my Buy rating on Power Corporation, citing a compelling 20% discount to NAV and strong defensive qualities amid market volatility. Power's underlying holdings are not overvalued compared to peers, and the persistent NAV discount offers a margin of safety rather than a value trap. Growth prospects are robust: forward revenue growth is projected at 16.6%, outpacing Canadian financial peers, with key holdings delivering record results.

NBPE Announces April Monthly NAV Estimate St Peter Port, Guernsey 28 May 2025 NB Private Equity Partners (NBPE), the $1.2bn1, FTSE 250, listed private equity investment company managed by Neuberger Berman, today announces its 30 April 2025 monthly NAV estimate. NAV Highlights (30 April 2025) NAV per share was $27.29 (£20.43), a total return of 0.4% in the month Approximately 62% of fair value based on private company valuation information as of Q1 2025 or based on 30 April 2025 quoted prices Based on information received so far, private company valuations increased fair value by 0.4% during Q1 2025 on a constant currency basis NBPE expects to receive additional updated Q1 2025 financial information which will be incorporated in future monthly NAV updates $307 million of available liquidity at 30 April 2025 ~151k shares repurchased during April 2025 at a weighted average discount of 33% which were accretive to NAV by ~$0.02 per share.

Being able to buy high-yield, high-buyback stocks with solid balance sheets at deep discounts to NAV is extremely rare. However, there are several opportunities like this in today's market. I share two of some of my favorite opportunities like this right now.

Data centers are expected to deliver meaningful rent and GAV growth, with Phase I and II developments set to significantly increase their portfolio share by 2030. There is a 20% upside on the GAV discount, but it's not fantastic on its own. More broadly attractive is the likely cost of capital beating returns on development investments. Much of the new data center capacity is already pre-let, supporting confidence in future topline growth as these assets come online and start generating rents.

Fidus Investment (FDUS) offers an 11% dividend yield and trades at a 1% premium to NAV, with efficient net investment income generation due to low leverage and low interest expense. The company's Q1 adjusted net investment income was flat at $0.54, with a stable NAV and a managed dividend policy ensuring 100% coverage. FDUS's portfolio quality remains strong, with modest non-accruals and improved internal ratings.

Blue Owl Capital Corp.'s recent merger with OBDE enhances its portfolio, size, and funding costs, making its high yield attractive despite potential risks. OBDC's solid credit quality, defensive portfolio, and spillover income ensure reliable dividend coverage, even with lower base rates and economic uncertainties. The BDC's current 3.36% discount to NAV and double-digit yield offer high-yield investors a compelling income opportunity, especially retirees.

MAIN stands out for its disciplined, internally managed BDC model, prioritizing sustainable dividends and steady NAV growth over headline yields. Q1 2025 results showcased strong NAV growth, robust dividend coverage, and a standout equity exit, reinforcing MAIN's value-creation strategy. The company's conservative dividend policy, with regular and supplemental payouts, ensures reliability and resilience even in volatile markets.

I am initiating coverage of Cornerstone Strategic Investment Fund with a buy rating for its consistent, high income and solid long-term returns. CLM closely tracks the S&P 500, offering diversified exposure to large-cap stocks, and boasts a forward yield near 20%. Unique features include dividend reinvestment at NAV and tax advantages, though the aggressive payout policy risks NAV erosion in weak markets.

SAN JOSE, Calif., May 15, 2025 (GLOBE NEWSWIRE) -- Firsthand Technology Value Fund, Inc. (OTCQB: SVVC) (the “Fund”), a publicly traded venture capital fund that invests in technology and cleantech companies, announced today its financial results for the quarter ended March 31, 2025.

Prospect Capital (PSEC) has been a poor performer, trading at its largest discount to NAV in a decade due to earnings decline and poor financials. PSEC's heavy reliance on real estate makes it vulnerable to high interest rates, causing a significant NAV decline and underperformance against peers. Despite a high dividend yield of 14.9%, the long-term sustainability is questionable, with no significant improvements in portfolio structure or new investment activity.