CONSOLIDATED FINANCIAL HIGHLIGHTS (Details) - USD ($) $ / shares in Units, $ in Thousands |
12 Months Ended | |||||||||
---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2023 |
Dec. 31, 2022 |
Dec. 31, 2021 |
Dec. 31, 2020 |
Dec. 31, 2019 |
Dec. 31, 2018 |
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
|
Per Common Share Data: | ||||||||||
Net asset value per common share, beginning of period (in dollars per share) | $ 16.99 | $ 16.91 | $ 15.39 | $ 16.56 | $ 17.09 | $ 18.12 | $ 18.32 | $ 18.14 | $ 18.86 | $ 19.42 |
Net investment income (loss) (in dollars per share) | 2.10 | 1.93 | 1.53 | 1.54 | 1.79 | 1.73 | 1.74 | 1.65 | 1.43 | 1.09 |
Net realized gain (loss) and net change in unrealized appreciation (depreciation) on investments and non-investment assets and liabilities (in dollars per share) | (0.35) | (0.35) | 1.36 | (1.46) | (0.75) | (1.10) | (0.19) | 0.20 | (0.52) | (0.49) |
Net increase (decrease) in net assets resulting from operations (in dollars per share) | 1.75 | 1.58 | 2.89 | 0.08 | 1.04 | 0.63 | 1.55 | 1.85 | 0.91 | 0.60 |
Dividends declared (in dollars per share) | (1.76) | (1.64) | (1.50) | (1.47) | (1.74) | (1.68) | (1.64) | (1.68) | (1.74) | (1.25) |
Other (in dollars per share) | 0 | 0.01 | 0.03 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accretion due to share repurchases (in dollars per share) | 0.01 | 0.13 | 0.10 | 0.22 | 0.17 | 0.02 | 0 | 0 | 0 | 0 |
Effect of offering price of subscriptions and the offering price of common stock in the IPO, net of underwriting and offering costs (in dollars per share) | 0 | (0.11) | 0.01 | 0.11 | 0.09 | |||||
Net asset value per common share, end of period (in dollars per share) | 16.99 | 16.99 | 16.91 | 15.39 | 16.56 | 17.09 | 18.12 | $ 18.32 | $ 18.14 | $ 18.86 |
Market price per common share, end of period (in dollars per share) | $ 14.96 | $ 14.31 | $ 13.73 | $ 10.26 | $ 13.38 | $ 12.40 | $ 20.04 | |||
Number of common shares outstanding, end of year | 50,794,941 | 51,060,136 | 53,142,454 | 55,320,309 | 57,763,811 | 62,230,251 | 62,207,603 | 41,702,318 | 31,524,083 | 17,932,697 |
Total return based on net asset value | 12.59% | 13.00% | 19.62% | 1.81% | 7.08% | 3.59% | 7.86% | 10.25% | 5.41% | 3.55% |
Total return based on market price | 17.71% | 17.22% | 48.44% | (12.33%) | 21.94% | (29.74%) | 14.97% | |||
Net assets attributable to Common Stockholders, end of year | $ 862,812 | $ 867,423 | $ 898,804 | $ 851,363 | $ 956,471 | $ 1,063,218 | $ 1,127,304 | $ 764,137 | $ 571,726 | $ 338,257 |
Ratio to average net assets attributable to Common Stockholders: | ||||||||||
Expenses before incentive fees | 12.66% | 9.23% | 7.62% | 8.48% | 8.79% | 6.77% | 5.25% | 5.46% | 5.11% | 5.78% |
Expenses after incentive fees | 15.29% | 11.65% | 9.63% | 10.59% | 11.05% | 8.81% | 7.39% | 7.69% | 6.94% | 7.15% |
Expenses gross of waiver, after incentive fees | 15.29% | 11.65% | 9.63% | 10.59% | 11.05% | 8.81% | 7.97% | 8.62% | 7.86% | 7.98% |
Net investment income (loss) | 12.77% | 11.75% | 9.91% | 10.08% | 10.47% | 9.64% | 9.35% | 8.93% | 7.33% | 5.45% |
Interest expense and credit facility fees | 8.33% | 4.96% | 3.51% | 4.49% | 5.22% | 3.57% | 2.69% | 2.85% | 2.37% | 2.56% |
Ratios/Supplemental Data: | ||||||||||
Asset coverage, end of period | 183.40% | 176.79% | 181.94% | 182.09% | 181.01% | 210.31% | 234.86% | 209.97% | 212.70% | 209.67% |
Portfolio turnover | 12.05% | 30.00% | 45.44% | 33.06% | 38.97% | 45.88% | 49.18% | 32.39% | 26.04% | 28.06% |
Weighted-average shares outstanding (in shares) | 50,817,659 | 52,112,420 | 54,244,432 | 56,421,137 | 60,189,502 | 62,533,614 | 52,997,450 | 36,152,390 | 24,830,200 | 13,091,544 |