NGP Capital Resources Company (NGPC, Financial) filed Amended Quarterly Report for the period ended 2008-06-30.
Ngp Capital Resources Company has a market cap of $163.6 million; its shares were traded at around $7.56 with a P/E ratio of 36.1 and P/S ratio of 6.7. The dividend yield of Ngp Capital Resources Company stocks is 9.1%.NGPC is in the portfolios of Chuck Royce of Royce& Associates.
For the six months ended June 30, 2008, investment income decreased by $0.5 million, or 2.7%, to $17.7 million from $18.2 million for the same period in 2007. For the six months ended June 30, 2008, we recorded $15.7 million attributable to targeted investments in portfolio companies, $0.3 million from corporate notes, $1.6 million attributable to investments in cash equivalents, and $0.1 million in fee income from third parties and affiliates. This compares to investment income of $14.4 million attributable to targeted investments in portfolio companies, $0.5 million from corporate notes, $3.1 million attributable to investments in cash equivalents, and $0.2 million in fee income from third parties and affiliates, for the same period in 2007.
For the quarter ended June 30, 2008, operating expenses were $4.4 million compared to $5.2 million for the quarter ended June 30, 2007. The 2008 amount consisted of investment advisory and management fees of $1.8 million, insurance expenses, administrative services fees, professional fees, directors fees and other general and administrative expenses of $1.2 million and credit facility interest and fees of $1.4 million. This compares to investment advisory and management and incentive fees of $2.6 million, insurance expenses, administrative services fees, professional fees, directors fees and other general and administrative expenses of $1.0 million and credit facility interest and fees of $1.6 million for the quarter ended June 30, 2007. Approximately $1.0 million of incentive fees were accrued in the second quarter of 2007.
For the six months ended June 30, 2008, operating expenses were $9.8 million compared to $9.3 million for the same period of 2007. The 2008 amount consisted of investment advisory and management and incentive fees of $3.6 million, insurance expenses, administrative services fees, professional fees, directors fees, organization costs and other general and administrative expenses of $2.3 million and credit facility interest and fees of $3.9 million. This compares to investment advisory and management fees or $4.2 million, insurance expenses, administrative services fees, professional fees, directors fees, organization costs and other general and administrative expenses of $1.9 million and credit facility interest and fees of $3.2 million for the six months ended June 30, 2007.
For the quarter ended June 30, 2008, the increase in net unrealized appreciation was $1.6 million, comprised of a $1.6 million increase in targeted portfolio fair value, a $0.2 million increase in the fair value of corporate notes and a $0.2 million decrease in the fair value of commodity derivative instruments. This compares to an increase of $2.3 million net unrealized appreciation before income taxes of $1.4 million for the quarter ended June 30, 2007, as restated, consisting of a $2.7 million increase in targeted portfolio fair value and a $0.4 million decrease in the fair value of corporate notes.
For the six months ended June 30, 2008, the increase in net unrealized depreciation was $0.1 million, comprised of an increase in targeted portfolio fair value of $0.2 million, a $0.1 million decrease in the fair value of corporate notes and a $0.2 million decrease in the fair value of commodity derivative instruments. This compares to an increase of $6.0 million net unrealized appreciation before taxes of $2.1 million for the six months ended June 30, 2007, as restated, consisting of a $6.2 million increase in portfolio fair value and a $0.2 million decrease in the fair value of corporate notes.
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Ngp Capital Resources Company has a market cap of $163.6 million; its shares were traded at around $7.56 with a P/E ratio of 36.1 and P/S ratio of 6.7. The dividend yield of Ngp Capital Resources Company stocks is 9.1%.NGPC is in the portfolios of Chuck Royce of Royce& Associates.
Highlight of Business Operations:
Investment income for the quarter ended June 30, 2008 was $8.2 million with $7.5 million attributable to targeted investments in 18 portfolio companies, $0.2 million from corporate notes, $0.5 million attributable to investments in cash equivalents and less than $0.1 million in fee income from third parties and affiliates. This compares to investment income for the quarter ended June 30, 2007 of $9.7 million with $7.7 million attributable to targeted investments in nineteen portfolio companies, $0.3 million from corporate notes, $1.6 million attributable to investments in cash equivalents and $0.1 million in fee income from third parties and affiliates.For the six months ended June 30, 2008, investment income decreased by $0.5 million, or 2.7%, to $17.7 million from $18.2 million for the same period in 2007. For the six months ended June 30, 2008, we recorded $15.7 million attributable to targeted investments in portfolio companies, $0.3 million from corporate notes, $1.6 million attributable to investments in cash equivalents, and $0.1 million in fee income from third parties and affiliates. This compares to investment income of $14.4 million attributable to targeted investments in portfolio companies, $0.5 million from corporate notes, $3.1 million attributable to investments in cash equivalents, and $0.2 million in fee income from third parties and affiliates, for the same period in 2007.
For the quarter ended June 30, 2008, operating expenses were $4.4 million compared to $5.2 million for the quarter ended June 30, 2007. The 2008 amount consisted of investment advisory and management fees of $1.8 million, insurance expenses, administrative services fees, professional fees, directors fees and other general and administrative expenses of $1.2 million and credit facility interest and fees of $1.4 million. This compares to investment advisory and management and incentive fees of $2.6 million, insurance expenses, administrative services fees, professional fees, directors fees and other general and administrative expenses of $1.0 million and credit facility interest and fees of $1.6 million for the quarter ended June 30, 2007. Approximately $1.0 million of incentive fees were accrued in the second quarter of 2007.
For the six months ended June 30, 2008, operating expenses were $9.8 million compared to $9.3 million for the same period of 2007. The 2008 amount consisted of investment advisory and management and incentive fees of $3.6 million, insurance expenses, administrative services fees, professional fees, directors fees, organization costs and other general and administrative expenses of $2.3 million and credit facility interest and fees of $3.9 million. This compares to investment advisory and management fees or $4.2 million, insurance expenses, administrative services fees, professional fees, directors fees, organization costs and other general and administrative expenses of $1.9 million and credit facility interest and fees of $3.2 million for the six months ended June 30, 2007.
For the quarter ended June 30, 2008, the increase in net unrealized appreciation was $1.6 million, comprised of a $1.6 million increase in targeted portfolio fair value, a $0.2 million increase in the fair value of corporate notes and a $0.2 million decrease in the fair value of commodity derivative instruments. This compares to an increase of $2.3 million net unrealized appreciation before income taxes of $1.4 million for the quarter ended June 30, 2007, as restated, consisting of a $2.7 million increase in targeted portfolio fair value and a $0.4 million decrease in the fair value of corporate notes.
For the six months ended June 30, 2008, the increase in net unrealized depreciation was $0.1 million, comprised of an increase in targeted portfolio fair value of $0.2 million, a $0.1 million decrease in the fair value of corporate notes and a $0.2 million decrease in the fair value of commodity derivative instruments. This compares to an increase of $6.0 million net unrealized appreciation before taxes of $2.1 million for the six months ended June 30, 2007, as restated, consisting of a $6.2 million increase in portfolio fair value and a $0.2 million decrease in the fair value of corporate notes.
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