This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

NGP Capital Resources Company Announces Second Quarter 2010 Financial Results And Portfolio Activity

HOUSTON, Aug. 9, 2010 (GLOBE NEWSWIRE) -- NGP Capital Resources Company (Nasdaq:NGPC) (the "Company") today announced its financial results for the second quarter ended June 30, 2010.

Highlights for the quarter ended June 30, 2010 :

Stockholders' equity: $241.7 million

Net asset value per share: $11.18 

Operating Results:

Net increase in stockholders' equity (net assets) from operations: $3.9 million

Net investment income: $3.3 million

Net unrealized gain (loss) on investments: $0.6 million                          

Dividends declared per common share: $0.17 

Portfolio and Investment Activity:

Total invested in portfolio companies at June 30, 2010: $237.1 million

Number of portfolio companies at June 30, 2010: 15 

Portfolio and Investment Activity

The Company did not add any new companies to its portfolio during the second quarter of 2010. At June 30, 2010, the Company's targeted investment portfolio consisted of fifteen portfolio companies totaling $237.1 million. The Company had commitments to fund an additional $5.4 million on total committed amounts of $242.5 million.  

The weighted average yield on targeted portfolio investments, exclusive of capital gains, was 7.28% at June 30, 2010. The weighted average yield on investments in corporate notes was 5.82%, and the weighted average yield on investments in cash and cash equivalents was 0.51%. The weighted average yield on the Company's total capital invested at June 30, 2010 was 5.21%.

Operating Results – Three months ended June 30, 2010

Investment income totaled $6.0 million for the quarter ended June 30, 2010, with $5.2 million attributable to interest from the Company's targeted portfolio investments and $0.8 million net income attributable to investments in corporate notes, cash equivalents and fee income from third parties and affiliates.  Operating expenses for the quarter ended June 30, 2010 were $3.0 million and included $1.4 million of advisory and management fees, $0.3 million of interest expense and credit facility fees and $1.3 million of general and administrative expenses. The resulting net investment income, including a $0.2 million benefit for income taxes, was $3.3 million.  

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
NGPC $6.25 -2.04%
AAPL $113.29 0.33%
FB $91.01 1.43%
GOOG $630.38 -1.13%
TSLA $248.50 2.30%

Markets

Chart of I:DJI
DOW 16,643.01 -11.76 -0.07%
S&P 500 1,988.87 +1.21 0.06%
NASDAQ 4,828.3250 +15.6170 0.32%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs