NGP Capital Resources Company (NGPC, Financial) filed Quarterly Report for the period ended 2011-09-30.
Ngp Capital Resources Company has a market cap of $142.1 million; its shares were traded at around $6.57 with a P/E ratio of 10.9 and P/S ratio of 6. The dividend yield of Ngp Capital Resources Company stocks is 11%.
For the nine months ended September 30, 2011, we recognized net realized capital losses of $30.4 million, resulting primarily from realized losses on the sale of our investments in Alden and Gatliff, $3.7 million; DeanLake, $13.9 million; TierraMar, $15.2 million; and PXD, $1.1 million; partially offset by realized gains from the sales of the overriding royalty interest associated with Green Leaf, $1.0 million; and the after pay-out overriding royalty interest and 50% of our warrants of Tammany of $2.0 million. We did not have any net realized capital gains or losses for the nine months ended September 30, 2010.
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Ngp Capital Resources Company has a market cap of $142.1 million; its shares were traded at around $6.57 with a P/E ratio of 10.9 and P/S ratio of 6. The dividend yield of Ngp Capital Resources Company stocks is 11%.
Highlight of Business Operations:
At September 30, 2011, the weighted average yield on targeted portfolio investments, exclusive of capital gains, was 11.3%, compared to 8.2% at September 30, 2010. The weighted average yield of all investments was 11.3% at September 30, 2011, compared to 6.1% at September 30, 2010, including interest earned on U.S. Treasury Bills. This improvement in yield is primarily attributable to the reduction in non-accruing investments from a cost of $62.6 million at September 30, 2010 to $24.8 million at September 30, 2011, and a generally more favorable mix of investments in our portfolio. We compute yields on investments using interest rates as of the balance sheet date and include amortization of loan discount points, OID, and market premium or discount, royalty interest income, net profits income and other similar investment income, weighted by their respective costs when averaged. These yields do not include income from any investments on non-accrual status. Such weighted average yields are not necessarily indicative of expected total returns on a portfolio.For the nine months ended September 30, 2011, we recognized net realized capital losses of $30.4 million, resulting primarily from realized losses on the sale of our investments in Alden and Gatliff, $3.7 million; DeanLake, $13.9 million; TierraMar, $15.2 million; and PXD, $1.1 million; partially offset by realized gains from the sales of the overriding royalty interest associated with Green Leaf, $1.0 million; and the after pay-out overriding royalty interest and 50% of our warrants of Tammany of $2.0 million. We did not have any net realized capital gains or losses for the nine months ended September 30, 2010.
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