MAXIM ZHURAVLEV/iStock via Getty Images Co-authored by Treading Softly. Amongst the pantheon of gods, demigods, and their various children throughout Greek mythology, two of the gods are rarely seen together. One is the god who we often attribute to the sun, and the other is the god of war. Apollo and Ares have a unique relationship, only really appearing in a few myths together, and otherwise being completely apart from each other, but playing important roles, nonetheless. When it comes to the market, thes ...

High-yield dividend stocks are particularly noteworthy in income investing. Seven stocks, all with yields over 7%, may spark rapid expansion in various industries. The first one is a massive real estate company specializing in cannabis operators, and it has a portfolio that spans many states and more than a hundred locations. The second one then becomes a benchmark for asset management. It has a constant net income and has moved toward safe first-lien investments. The third is a major player in consumer sta ...

J Studios Welcome to another installment of our BDC Market Weekly Review, where we discuss market activity in the Business Development Company ("BDC") sector from both the bottom-up - highlighting individual news and events - as well as the top-down - providing an overview of the broader market. We also try to add some historical context as well as relevant themes that look to be driving the market or that investors ought to be mindful of. This update covers the period through the first week of May. Market ...

These two dividend stocks have an average yield of 9.62% and can be an excellent addition to your portfolio today. If you're looking to generate passive income for your portfolio, look no further than dividend stocks. High-yield dividend stocks can be an excellent source of income while you sleep. But they offer another benefit: They tend to outperform the broader market. According to a recent study by Hartford Funds, in collaboration with Ned Davis Research, analysts found that dividend-paying companies ha ...

BDC行业表现 - BDC行业在当前高利率环境下表现强劲，但导致许多热门BDC公司的股价较净资产值(Nav)溢价显著偏高[1] Barings BDC公司概况 - Barings BDC是一家专注于中等市值公司的BDC，主要通过债务投资实现高收入，且投资组合主要关注EBITDA在1,000万至7,500万美元之间的公司[2] 股息率和利率预测 - BBDC的股息率目前为10.8%，且得到良好覆盖，随着利率可能保持在较高水平直至2025年，将有利于BBDC继续获得更高水平的收入[4] 股价和净资产值比较 - BBDC的股价相对净资产值的折价幅度较大，尽管折价幅度持续下降，但实际股价几乎完全恢复到疫情前的水平，且Nav随时间增长[5] 投资组合多样性 - BBDC的投资组合高度多样化，主要暴露于金融和保险业务，服务业和高科技行业，有助于降低集中风险[9] 投资组合结构 - BBDC的投资组合中大部分是优先抵押债务，有助于抵消风险，而股权暴露则有助于提高回报，但风险较高[12] 不应计入账的资产和内部评级 - BBDC的不应计入账的资产比率仅为0.3%，远低于其他热门BDC公司，且内部评级系统显示投资信用质量略有改善[14] 投资收入表现 - BBDC的净投资收入表现在Q1通常较弱，但其债务投资组合中87%为浮动利率贷款，有助于获得更高水平的利息收入[18] 股息稳定性 - BBDC的股息持续稳定增长，过去5年的年复合增长率为10.33%，且未像其他公司一样在2020年削减股息，显示了其稳健性[22] 评级和展望 - BBDC是一家高质量的BDC公司，目前以低于Nav的折价交易，且预计将受益于未来的高净投资收入水平，因此评级为买入[24]

Ares Capital (ARCC) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term. Over the past month, shares of this private equity firm have returned +1.3%, compared to the Zacks S&P 500 composite's -0.2% change. During this period, the Zacks Financial - SBIC & Commercial Industry industry, which Ares Capital falls in, has gained 3.3%. The key question now is: What could be the stock's future dir ...

andresr/E+ via Getty Images Since the moment when the Fed decided to combat the inflation with several interest rate hikes in a quite rapid fashion, the private credit space started to flourish. The overall reason for this could be explained by the dynamics that are macro specific and private credit player specific. From the macro side, it was more about the consequences of struggling banking sector that in turn offered private credit firms an opportunity to step in and fill the supply and demand gap. Also, ...

Shares of Ares Capital Corporation (ARCC) gained 1.2% following the release of its first-quarter 2024 results. Core earnings of 59 cents per share met the Zacks Consensus Estimate. The bottom line reflects a rise of 3.5% from the prior-year quarter. Results were primarily aided by an improvement in the total investment income. Also, the company’s portfolio activity was robust in the quarter. However, an increase in expenses hurt the results to an extent. GAAP net income was $449 million or 76 cents per shar ...

Income investors can buy in May and go away with these stocks. The adage "sell in May and go away" hasn't always been wise advice. It's especially impractical for income investors who need to have their money working for them. Instead of selling stocks in May, income investors could be better off buying. Fortunately, you have plenty of good picks from which to choose, and many of them offer especially juicy dividend yields. Here are my five favorite high-yield dividend stocks to buy in May. 1. Ares Capital ...

财务数据和关键指标变化 - 公司报告了第一季度每股核心收益0.59美元,较上年同期增长3.5% [15] - 公司净资产价值(NAV)达到每股19.53美元,较上年同期增长6% [16] 各条业务线数据和关键指标变化 - 公司在第一季度完成了约36亿美元的新投资承诺,其中约16亿美元为代理发放的贷款 [46][47] - 公司投资组合的加权平均贷款价值率(LTV)低于40%,全包收益率接近11%,杠杆率低于0.5倍 [21][22] - 公司投资组合中公司的有机EBITDA增长率达到10%,远高于标普500指数公司的年增长率 [23][24] 各个市场数据和关键指标变化 - 并购活动水平相对较低,但银行业活跃度有所提高,有利于整个市场参与者 [17][18] - 信贷市场趋于稳固,私募股权干火力充沛,以及有限合伙人要求回收资本等因素支持了更高的交易活动 [18] 公司战略和发展方向及行业竞争 - 公司拥有广泛的直接投资能力,覆盖中低端和中高端中型市场,在竞争激烈的环境中更具价值 [19][20] - 公司在选择行业和公司方面的能力有助于取得优异的投资业绩,行业选择可带来约500个基点的收益差异 [49][51] - 公司的投资组合高度分散,有助于降低单一负面信用事件对整体投资组合的影响 [57][58] 管理层对经营环境和未来前景的评论 - 管理层认为当前是投资于优质私募信贷公司的好时机,公司有望保持历史上的优异业绩 [63][64][65][66] - 尽管可能面临更高的信用风险,但公司的投资组合表现良好,公司的多元化和防守性定位有利于应对 [65] 问答环节重要的提问和回答 问题1 **John Hecht 提问** 询问银行在投资组合部署和偿还方面的影响 [70][71] **Kipp DeVeer 回答** 银行重返市场并以更积极的方式安排和承销传统的杠杆融资交易,但对公司的影响并不太大 [72][73][75] 问题2 **Finian O'Shea 提问** 询问二级债权在投资组合中的变化及其替代 [88][89] **Kipp DeVeer 和 Kort Schnabel 回答** 二级债权在新交易中不太常见,但公司看到了一些有趣的机会进行杠杆性的次级资本投资 [90][91][96] 问题3 **Scott Lem 回答** 公司发行CLO是为了进一步多元化债务融资来源,定价水平优于其他形式的担保融资 [37][38]