Highest NAV Premium BDCs
BDCs ranked by premium to net asset value (NAV). A premium indicates the market values the BDC's portfolio above its stated NAV, often reflecting confidence in management and portfolio quality.
Last updated: 2026-09-04
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NAV Premium Rankings
| Rank | Ticker | Name | Premium/Discount | NAV | Stock Price | Dividend Yield |
|---|---|---|---|---|---|---|
| 1 | MAIN | Main Street Capital Corporation | 49.8% | $38.5 | $57.68 | 7.5% |
| 2 | TRIN | Trinity Capital Inc. | 38.6% | $13.15 | $18.22 | 13.1% |
| 3 | GAIN | Gladstone Investment Corporation | 18.8% | $13.8 | $16.4 | 5.9% |
| 4 | CSWC | Capital Southwest Corporation | 11.2% | $22.1 | $24.58 | 10.4% |
| 5 | HTGC | Hercules Capital, Inc. | 4.9% | $16.8 | $17.63 | 10.7% |
| 6 | GLAD | Gladstone Capital Corporation | 4.7% | $19.2 | $20.1 | 9.5% |
| 7 | ARCC | Ares Capital Corporation | 3.4% | $19.38 | $20.04 | 9.6% |
| 8 | FSK | FS KKR Capital Corp. II | 1.1% | $12.3 | $12.44 | 18.5% |
| 9 | FDUS | Fidus Investment Corporation | 0.2% | $19.6 | $19.63 | 11.3% |
| 10 | TSLX | Sixth Street Specialty Lending, Inc. | -11% | $20.65 | $18.38 | 10% |
| 11 | OCSL | Oaktree Specialty Lending Corporation | -13.5% | $15.1 | $13.06 | 11.8% |
| 12 | GBDC | Golub Capital BDC, Inc. | -14.5% | $15.2 | $13 | 11.1% |
| 13 | BBDC | Barings BDC, Inc. | -18.7% | $11.1 | $9.02 | 11.5% |
| 14 | BXSL | Blackstone Secured Lending Fund | -18.8% | $30.45 | $24.72 | 12.5% |
| 15 | MSDL | Morgan Stanley Direct Lending Fund | -23% | $19.8 | $15.25 | 12.5% |
| 16 | OBDC | Blue Owl Capital Corporation | -23.2% | $14.85 | $11.4 | 12.6% |
| 17 | SLRC | SLR Investment Corp. | -23.8% | $16.5 | $12.57 | 12.3% |
| 18 | PFLT | PennantPark Floating Rate Capital Ltd. | -25.3% | $9.9 | $7.39 | 15.9% |
| 19 | GSBD | Goldman Sachs BDC, Inc. | -26.1% | $13.5 | $9.98 | 15.4% |
| 20 | CGBD | Carlyle Secured Lending, Inc. | -27.8% | $16.2 | $11.69 | 13.3% |
| 21 | BCSF | Bain Capital Specialty Finance, Inc. | -28.4% | $16.5 | $11.82 | 16% |
| 22 | NCDL | Nuveen Churchill Direct Lending Corp. | -28.5% | $17.5 | $12.52 | 13.4% |
| 23 | MFIC | MidCap Financial Investment Corporation | -35.9% | $15 | $9.62 | 14.4% |
| 24 | TPVG | TriplePoint Venture Growth BDC Corp. | -36.2% | $8.2 | $5.23 | 18% |
| 25 | SCM | Stellus Capital Investment Corporation | -36.8% | $13.9 | $8.78 | 15.7% |
| 26 | NMFC | New Mountain Finance Corporation | -37.1% | $11.9 | $7.48 | 16.2% |
| 27 | SAR | Saratoga Investment Corp. | -37.2% | $28.1 | $17.64 | 18.4% |
| 28 | OXSQ | Oxford Square Capital Corp. | -43.7% | $2.4 | $1.35 | 31.1% |
| 29 | HRZN | Horizon Technology Finance Corporation | -45.6% | $8.9 | $4.84 | 22.9% |
| 30 | CCAP | Crescent Capital BDC, Inc. | -46.3% | $19.3 | $10.37 | 16% |
| 31 | PNNT | PennantPark Investment Corporation | -47.3% | $7.1 | $3.74 | 25.7% |
| 32 | CION | CION Investment Corporation | -50.4% | $14.8 | $7.34 | 15.8% |
| 33 | GECC | Great Elm Capital Corp. | -50.4% | $12.1 | $6 | 21.5% |
| 34 | PSEC | Prospect Capital Corporation | -67.4% | $6.85 | $2.23 | 22.4% |