M. Grier Eliasek, co-founder, president and COO of Prospect Capital Corporation (NASDAQ: PSEC), offered insight into the company's success, including 12 percent dividend yield for shareholders, in an exclusive interview on Benzinga's #PreMarket Prep morning show.
2014 marks Prospect Capital's tenth anniversary as a public company. After 10 years of being publicly traded, they've grown their market capital from ��100 million a decade ago to about $3.5 billion today.��
Eliasek said that despite high dividend yields, they've actually ��nder-distributed��relative to their income, making 12 percent easy to sustain with a ��ignificant storehouse of value of undistributed earnings.��They've declared monthly dividends moving forward all the way through to September, offering shareholders a significant amount of yield visibility.
Hot Net Payout Yield Stocks To Own Right Now: BroadSoft Inc.(BSFT)
BroadSoft, Inc. provides software and services that enable mobile, fixed-line, and cable service providers to deliver unified communications and other voice and multimedia services over Internet protocol (IP) based networks. The company?s communications platform consists of BroadWorks software, which enables its service provider customers to provide enterprises and consumers with a range of cloud-based or hosted IP multimedia communications, such as private branch exchanges, video calling, unified communications, collaboration, and converged mobile and fixed-line services; BroadCloud hosted or cloud service that enables its service provider customers to offer Web collaboration, video conferencing, instant messaging, presence, and short messaging to their end-users; and BroadTouch, a client application that enables carriers to offers unified communications services for smartphones, tablets, desktops, and laptops. It also provides a range of professional support services, i ncluding pre-sales support; installation, network integration, project management, and remote upgrade services, as well as consulting services; product life-cycle services; and training services. The company sells its products to telecommunication service providers directly, as well as indirectly through telecommunications equipment vendors, value-added resellers, and other distributors. It operates in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. BroadSoft, Inc. was founded in 1998 and is headquartered in Gaithersburg, Maryland.
Advisors' Opinion:- [By SA Pro Top Ideas]
Stock Movers and Great Calls
On August 2, Josh Burwick argued that the market was underestimating BroadSoft's (BSFT) 2014 earnings potential, with 50% upside looming for shares. The stock is +10.6% in the three weeks since. Read article » On June 27, Alan Brochstein said Apogee Glass (APOG) offered compelling value as its architectural glass reverted to historic margins. The shares are +20.4% since. Read article »
Alpha-Rich long and short ideas regularly move stocks and identify stocks that are about to move. Some notable recent calls subscribers had early access to:To Come Today
Don't forget to check your SA Pro dashboard during market hours today for the latest Alpha-Rich ideas, including an undervalued asset manager and a short idea in the oil services sector. Have a great weekend.
SA Pro Editors
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The SA Pro team is Eli Hoffmann (Editor in Chief), Rachael Granby (Editorial Product Manager), Daniel Shvartsman, Samir Patel, Michael McDonald, and Jeffrey Fischer (Senior Pro Editors). You can reach us at pro-editors@seekingalpha.com. - [By Seth Jayson]
BroadSoft (Nasdaq: BSFT ) is expected to report Q1 earnings on May 6. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict BroadSoft's revenues will grow 0.7% and EPS will shrink -62.1%.
Best High Dividend Stocks To Own Right Now: FBR & Co (FBRC)
FBR & Co., formerly FBR Capital Markets Corporation, is a full-service investment banking, institutional brokerage and asset management company. In addition, it makes principal investments, including merchant banking investments. The Company�� subsidiaries are FBR Capital Markets & Co. (FBR & Co.), FBR Capital Markets International, Ltd. (FBRIL), Financial Services Authority (FSA), and FBR Fund Advisers, Inc. (FBR Fund Advisers). Its segments include capital markets, which include investment banking and institutional brokerage and research; asset management, and principal investing, which includes merchant banking. It provides capital raising services, including underwriting and placement of public and private equity and debt; financial advisory services, including merger and acquisition advisory, restructuring, liability management, recapitalization and strategic alternative analysis; asset management services through a family of mutual funds; institutional sales and trading services focused on equities, equity-linked securities, listed options, high-yield bonds, senior debt and bank loans; and research coverage.
Capital Markets
The Company�� capital markets business is conducted by its investment banking and institutional brokerage professionals through its United States and United Kingdom broker-dealer subsidiaries. These professionals provide investment banking services, including capital raising and financial advisory services, and institutional brokerage services, including sales, trading, and research services, to its institutional clients across its core industry sectors.
Asset Management
The Company�� investment adviser subsidiaries principally manage a family of mutual funds. At December 31, 2011, it managed client assets through its 10 mutual fund product lines that cover a range of sectors and asset classes. Through attention to relative valuation and security selection, it manages mutual funds strive both to participate in rising m! arkets and preserve capital in down markets. It focuses on expanding its asset management business.
The Company�� investing activity consists primarily of investments in merchant banking investments, investments in publicly traded companies, and investments in short-term liquid instruments. This strategy involves putting its capital to work alongside the capital of its institutional clients.
Advisors' Opinion:- [By DAILYFINANCE]
Brian Smale/Microsoft via Getty ImagesNewly named Microsoft CEO Satya Nadella. SAN FRANCISCO -- After compiling a list of more than 100 CEO candidates, Microsoft settled on Satya Nadella a homegrown leader who joined the software maker in the early 1990s. That's back when Google's founders were teenagers and Facebook CEO Mark Zuckerberg was in elementary school. Tuesday's hiring of Nadella as Microsoft's CEO after a five-month search is a safe move that's likely to be greeted with sighs of relief around the company's Redmond, Wash., headquarters, industry analysts say. But the methodical, almost predictable decision is likely to reinforce perceptions that Microsoft (MSFT) is a plodding company reluctant to take risks as it competes against younger rivals who relish going out on a limb. While Google (GOOG) founder and CEO Larry Page boasts about his company taking "moon shots" and Zuckerberg promises to "move fast and break things," Microsoft has fallen behind the technological curve after underestimating the importance of Internet search more than a decade ago and reacting too slowly to the rise of mobile devices during the past seven years. Meanwhile, the sales of personal computers running on Microsoft's Windows software are shrinking. Microsoft's malaise may have narrowed the field of up-and-coming visionaries interested in running a company founded in 1975. Just as Microsoft founder Bill Gates and Apple (AAPL) founder Steve Jobs would never have considered working at IBM (IBM) in the 1980s, today's entrepreneurial whiz kids scoff at Microsoft's overtures. "Going to work at Microsoft could make it look like you are going back to the dark ages," says Richard Metheny, a management coach for the executive search firm Witt/Kieffer in Chicago. "It's a well-entrenched business that has had trouble lately figuring out how to play in this new world." Despite its challenges, Microsoft remains a moneymaking machine that sits atop an $84 billion cash pile. Tha
- [By Zachary Tracer]
FBR & Co. (FBRC) is leading the sale, according to a regulatory filing today from Emeryville, California-based NMI. The company said it�� seeking to raise $25 million, a placeholder amount used to calculate registration fees, according to the document.
Best High Dividend Stocks To Own Right Now: Alpha Natural Resources inc. (ANR)
Alpha Natural Resources, Inc., together with its subsidiaries, engages in producing, processing, and selling steam and metallurgical coal in the United States. The company has mining operations in Virginia, West Virginia, Pennsylvania, Kentucky, and Wyoming. As of December 31, 2011, it owned or leased approximately 4.7 billion tons of proven and probable coal reserves; and operated 145 mines in northern and central Appalachia and the Powder River basin. The company is also involved in repairing and reselling equipment and parts used in surface mining; manufacturing particulate scrubbers and filters for underground diesel engine applications; rebuilding underground mining equipment; and providing coal and environmental analysis, and degassing services. In addition, it engages in the sale of non-strategic assets, such as timber, gas, and oil rights, as well as the lease and sale of non-strategic surface properties and reserves; coal brokerage; and road construction business. The company serves electric utilities, steel and coke producers, industrial customers, and energy traders and brokers. Alpha Natural Resources, Inc. was founded in 2002 and is based in Abingdon, Virginia.
Advisors' Opinion:- [By Tyler Crowe]
10.68
Alpha Natural Resources (NYSE: ANR ) � 0.39 N/ASource: S&P Capital IQ
Yet despite the sentiment surrounding the industry, several coal companies have posted record quarters. This quarter, Alliance shattered its previous earnings record and beat Wall St. expectations by over 40%. Also, nearly every coal company is ramping up their export capacity to meet demand for coal overseas. A recent report by the International Energy Agency estimates that coal will pass oil as the largest source of energy by 2017, with China and India being the premier drivers of demand.�
- [By Ben Levisohn]
The last six months have been good to coal miners like Alpha Natural Resources (ANR), Walter Energy (WLT), Consol Energy (CNX) and Peabody Energy (BTU), which all gained more than 10%. The last month, not so much, as many have experienced double-digit losses.
Andrew Hancock for the Wall Street JournalAgainst that backdrop, Cowen’s Daniel Scott and Bryan Bergin have decided to cut their ratings on met coal producers Alpha Natural Resources, Walter Energy and Teck Resources (TCK) to Market Perform from Outperform. Scott and Bergin explain why:
While improving sentiment and an apparent macro risk-on trade helped to boost shares in December, we question what a reasonable multiple in the trough is, and see limited upside potential from current levels. We expect that investors may migrate to [Peabody Energy] based on favorable exposure to international met operations and an improving PRB market, but see it near fair value given our new estimates.
Sterne Agee’s Michael Dudas and Satyadeep Jain are more optimistic, despite sharing the view that met coal prices will fall:
Generally, we believe coal companies have accomplished three important goals during 2013 ��reduced operating costs, lowered capital expenditures and recapitalized balance sheets to lengthen maturities and enhance access to liquidity. Estimated cash burn will range from 0- 12% of total company liquidity during 2014, with prospects for improvement into 2015-16 once pricing and volumes normalize. Now, we believe the equities are positioned to await some more positive news from the markets served…
Regarding met coal, we have lowered our expectations, given the current surplus in the market that would likely take some time to get worked down. We now expect 2014 met coal prices at $155/t (vs previous expectation of $195/t)…
Among thermal-oriented names, we suggest [Consol Energy] and [Arch Coal (ACI)], while Peabody and Alpha should bene
Best High Dividend Stocks To Own Right Now: Asta Funding Inc.(ASFI)
Asta Funding, Inc., together with its subsidiaries, engages in purchasing, managing, and servicing distressed consumer receivables in the United States. Its principal portfolio includes charged-off receivables consisting of accounts that have been written-off by the originators and might have been previously serviced by collection agencies; semi-performing receivables, including accounts where the debtor is currently making partial or irregular monthly payments, but the accounts might have been written-off by the originators; performing receivables comprising accounts where the debtor is making regular monthly payments that might or might not have been delinquent in the past; and distressed consumer receivables, such as the unpaid debts of individuals to banks, finance companies, and other credit and service providers. The company?s distressed consumer receivables consist of MasterCard, Visa, and other credit card accounts, which were charged-off by the issuers or provide rs for non-payment. Asta Funding, Inc. was founded in 1994 and is based in Englewood Cliffs, New Jersey.
Advisors' Opinion:- [By Tim Melvin]
There a lot of moving parts to Asta Funding (ASFI), but there appears to be a great deal of value that isn�� reflected in the current stock price. ASFI stock is trading at less than 65% of book value, but several of its debt collection assets are carried at zero cost basis and yet may have substantial value. The balance sheet is strong with more than $90 million in cash. ASFI has been moving into other businesses including disability claims to increase its growth opportunities over the next few years. It�� a fairly complex business, but it is very cheap — and the first sign of good news could send the shares a lot higher.
- [By John Udovich]
Small cap debt collection stocks like�Asta Funding, Inc (NASDAQ: ASFI), Encore Capital Group, Inc (NASDAQ: ECPG) and Portfolio Recovery Associates, Inc (NASDAQ: PRAA) could be the latest target of a government shakedown or crackdown as the Consumer Financial Protection Bureau said this week that�before it formally proposes any rules for debt collection, it wants to hear how collectors verify borrowers' information and communicate with consumers. In other words, debt collectors could be restricted from using text messages, social media or other Internet-based tools in their pursuit to collect debts. With about one in 10 Americans coming out of the financial crisis with some debt in collection, investing in small cap�debt collection stocks has been profitable for investors. However, there is no timeline for when any new rules might be released for review or come into effect.
Best High Dividend Stocks To Own Right Now: Utah Medical Products Inc.(UTMD)
Utah Medical Products, Inc. produces medical devices for the healthcare industry primarily in the United States and Europe. The company provides labor and delivery/obstetrics products, including fetal monitoring accessories, vacuum-assisted delivery systems, and other obstetrical tools, as well as neonatal intensive care products, such as DISPOSA-HOOD, an infant respiratory hood; DELTRAN PLUS, a blood pressure monitoring system; and GESCO, a biocompatible silicone catheter. It also offers umbilical vessel and artery, thermosensitive polyurethane, and peripherally inserted central venous catheters; enteral feeding devices; DIALY-NATE, a disposable peritoneal dialysis set; PALA-NATE, a silicone oral protection device; and MYELO-NATE for obtaining cerebral spinal fluid samples. In addition, the company provides gynecology/urology/electrosurgery products comprising LETZ System to excise cervical intraepithelial neoplasia; FINESSE electrosurgical generator; FILTRESSE evacuators ; EPITOME, an electrosurgical scalpel; PATHFINDER PLUS, an endoscopic irrigation device; LIBERTY system to treat and control urinary incontinence in women; ENDOCURETTE, a curette for uterine endometrial tissue sampling; TVUS/HSG-Cath to assess abnormal uterine bleeding; and LUMIN for manipulating the uterus. Further, it offers DELTRAN for blood pressure monitoring; and pressure monitoring accessories, components, and other molded parts. The company?s products are used in neonatal intensive care units, labor and delivery departments, and women?s health center in hospitals, as well as in outpatient clinics and physician's offices. It markets its products through direct sales representatives, independent manufacturers? representatives, specialty distributors, national hospital distribution companies, and other medical device manufacturers; and through other medical device companies and independent medical products distributors. The company was founded in 1978 and is headquar tered in Midvale, Utah.
Advisors' Opinion:- [By Geoff Gannon]
Utah Medical Products (UTMD)
There are some interesting stories on that list. Buffett watchers know The Washington Post. Ben Graham fans know National Presto. Anyone who follows net-nets is familiar with Micropac. If you��e a high ROC investor you��e probably come across Utah Medical Products (operating margins are over 30%). Atrion has one of the most interesting histories of value creation starting in the 1990s. And Arden is a grocer that earns a 15% return on equity in a bad year.
- [By John Udovich]
On Thursday, small cap infertility stock OvaScience Inc (NASDAQ: OVAS) surged 23.63% plus shares are up 372.9% since the start of the year���meaning its worth taking a closer look at the stock along with the performance of female or reproductive health stocks the Female Health Co (NASDAQ: FHCO) and�Utah Medical Products, Inc (NASDAQ: UTMD)�along with the Vanguard Health Care ETF (NYSEARCA: VHT).
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