easily spooked retail ownership of PDI makes it volatile. while the share price has dropped 5% in the last 3 days, the actual NAV has gone up over the same period from $33.38 to $33.50.
well, some good news... maybe the best since going public, SCM has received approval for a license from the SBA. cheap money.
it's definitely good to see the 28 cent dividend. not sure ACSF share price will hit nav any time soon. FSFR and PFLT never trade near nav.
i see today KBW lowered their target price for ACSF from $16.50 to $15.25. i dont have any other info. not great news... but on the other hand, $15.25 is a lot higher than it is now.
FSIC just went public, i dont believe they will have a secondary for a long time. plus that $1.5 billion (as massive as it is) includes preferred and common shares and bonds. plus, the stock isnt getting slammed today. it's still trading higher than it was 1 trading day ago... when it hit $10.18. also, during the cc they said insider buying should take place very soon after the dutch auction plays out. so.... we'll see. this thing is probably pretty range bound, but insider buying may give it a nice ramp up.
last year insiders were buying CYS at $12.00... within 2 months the price was under $8
zacks automated rating system is nonsense. i have witnessed them issue a buy recommendation on a stock one day, and issue a sell recommendation on the same stock the next day (LITERALLY!).
i couldnt agree more. the recent sell off in KMI just makes you more money in the long run. KMI screams long term hold. just think where this thing may be sitting in 5 years?....meanwhile collecting a juicy dividend the entire time.
jan814......... that KBW tidbit you mentioned is really good to hear, considering KBW has the most thorough coverage of BDCs of all the rating agencies. it will be interesting to see where the share price goes with the raised dividend. if the past quarter is any indication, we should hear about the next dividend around june 17.
go to the summary page. look all the way down the left side column and you'll magically see "Insider transactions."
lylewalendy... it's not because of the ex-date. these were massive block trades, representing $71,288,000 dollars worth of shares. you think someone with $71 million dollars of loose change decided to buy ARCP to pick up the dividend? i'm guessing no.
two huge block trades, both exactly 2,853,919 shares each before the close at $12.73.
market watch indicate 1.4 million shares traded after the close,but street smart edge on schwab looks like far, far less.