Company Information

  

Address: 1290 AVENUE OF THE AMERICAS
SUITE 914 
City: NEW YORK 
State: NY 
Zip Code: 10014 
Telephone: 212 372 9500 

Description of Business

Primary SIC Code:
(As filed with the SEC)  

We are an externally managed, non-diversified, closed-end management investment company that has elected to be treated as a business development company under the Investment Company Act of 1940, as amended, or the 1940 Act. In addition, for tax purposes we have elected to be treated as a regulated investment company, or RIC, under Subchapter M of the Internal Revenue Code of 1986, as amended, or the Code, and intend to qualify annually for such treatment. Our investment objective is to generate current income and capital appreciation by making investments generally in the range of $5.0 million to $25.0 million primarily in debt securities and loans of U.S. based middle-market companies, which we define as those having annual earnings before interest, taxes, depreciation, and amortization, or EBITDA, of between $5.0 million and $50.0 million. Our goal is to generate attractive risk-adjusted returns by assembling a broad portfolio of investments.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
09/20150.730.35018.75
06/20152.180.3506.88
12/20141.820.3507.93
09/20141.880.3507.70
06/20141.990.3507.69
03/20141.880.3507.52
12/20131.550.3508.95

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2016 Leverage 2016
Net Inc/Comm Equity-0.02Total Liab/Total Assets0.51
Net Inc/Total Assets-0.01Total Liab/Inv Cap0.86
Net Inc/Inv Cap-0.02Total Liab/Comm Equity0.83
Pretax Inc/Net Sales-0.15Interest Coverage Ratio0.51
Net Inc/Net Sales-0.15Curr Debt/Equity0.82
Cash Flow/Net Sales1.12LTD/Equity0.20
SG&A/NetSales0.43Total Debt/Equity1.03
Asset Utilization   Liquidity  
Net Receivables Turnover5.11Quick RatioNA
Inventory TurnoverNACurrent RatioNA
Inventory Day SalesNANet Rec/Curr AssetsNA
Net Sales/Work CapNAInv/Curr AssetsNA
Net Sales/PP&ENA  

Income Statement (Millions)

  9/30/2017 6/30/2017 3/31/2017 12/31/2016
Total Revenues(Net Sales) 6.68 6.88 6.88 7.55
Cost of Goods Sold NA NA NA NA
Selling & Admin Exps 2.50 2.38 2.93 2.86
Operating Income 4.19 4.59 4.19 4.93
Interest Exp 2.22 2.15 2.11 2.11
Pretax Income 4.42 2.07 -3.99 2.85
Other Income 0.24 -2.51 -8.18 -2.08
Net Income Bef Extraordinary ... NA NA NA NA
Net Income 4.42 2.07 -3.99 2.85

Balance Sheet (Millions)

Assets 9/30/2017 6/30/2017 3/31/2017 12/31/2016
Cash & Short Term Investments 29.27 35.55 34.22 22.95
Receivables - Total 2.83 2.09 3.20 5.47
Inventories - Total NA NA NA NA
Total Current Assets NA NA NA NA
Net Property, Plant & Equipment NA NA NA NA
Total Assets 392.75 398.78 397.32 406.55
Liabilities        
Accounts Payable 3.12 8.21 3.11 2.03
Debt in Current Liabilities 164.46 164.41 164.36 164.31
Total Current Liabilities NA NA NA NA
Long-Term Debt 36.73 37.66 38.92 40.80
Total Liabilities 204.31 210.27 206.39 207.14
Stockholder's Equity        
Minority Interest NA NA NA NA
Preferred Stock NA NA NA NA
Common Stock 0.02 0.02 0.02 0.02
Retained Earnings 4.64 4.95 4.86 5.17
Treasury Stock NA NA NA NA
Total Stockholders' Equity 188.44 188.51 190.93 199.41
Total Liabilities and Stockholders' Equity 392.75 398.78 397.32 406.55

Cash Flow Summary (Millions)

Categories 9/30/2017 6/30/2017 3/31/2017 12/31/2016
Net Cash Provided by Operating Activities -1.96 8.31 15.68 33.69
Net Cash Provided by Investing Activities NA NA NA NA
Net Cash Provided by Financing Activities -5.46 -5.81 -6.44 -30.02

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/201217.494.37--
12/201327.2323.501.55
12/201443.3030.481.82
12/201543.89-3.66--
12/201633.09-4.81--
Growth Rates17.27----

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional09/30/17413,88524.21




Report Date : 12/4/2017

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