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: 2026-07-18
NAV Premium Rankings
| Rank | Ticker | Name | Premium/Discount | NAV | Stock Price | Dividend Yield |
|---|---|---|---|---|---|---|
| 1 | TRIN | Trinity Capital Inc. | 34.6% | $13.15 | $17.7 | 11.5% |
| 2 | MAIN | Main Street Capital Corporation | 13.8% | $38.5 | $43.8 | 7.5% |
| 3 | HTGC | Hercules Capital, Inc. | 12.8% | $16.8 | $18.95 | 9.8% |
| 4 | ARCC | Ares Capital Corporation | 10.7% | $19.38 | $21.45 | 9.2% |
| 5 | CSWC | Capital Southwest Corporation | 5.9% | $22.1 | $23.4 | 8.5% |
| 6 | GAIN | Gladstone Investment Corporation | 5.1% | $13.8 | $14.5 | 7.5% |
| 7 | GLAD | Gladstone Capital Corporation | 4.2% | $19.2 | $20 | 9% |
| 8 | FDUS | Fidus Investment Corporation | 3.6% | $19.6 | $20.3 | 9.5% |
| 9 | TSLX | Sixth Street Specialty Lending, Inc. | 2.7% | $20.65 | $21.2 | 9.5% |
| 10 | GBDC | Golub Capital BDC, Inc. | 2.6% | $15.2 | $15.6 | 9% |
| 11 | OBDC | Blue Owl Capital Corporation | 2.4% | $14.85 | $15.2 | 9.5% |
| 12 | BXSL | Blackstone Secured Lending Fund | 1.1% | $30.45 | $30.8 | 8.5% |
| 13 | SLRC | SLR Investment Corp. | -2.4% | $16.5 | $16.1 | 9% |
| 14 | FSK | FS KKR Capital Corp. II | -10.6% | $12.3 | $11 | 15.5% |
| 15 | PSEC | Prospect Capital Corporation | -18.2% | $6.85 | $5.6 | 12.5% |
| 16 | OCSL | Oaktree Specialty Lending Corporation | -18.5% | $15.1 | $12.3 | 9.8% |
| 17 | MSDL | Morgan Stanley Direct Lending Fund | -21.2% | $19.8 | $15.6 | 11.6% |
| 18 | BCSF | Bain Capital Specialty Finance, Inc. | -22.4% | $16.5 | $12.8 | 13.1% |
| 19 | BBDC | Barings BDC, Inc. | -22.5% | $11.1 | $8.6 | 12.2% |
| 20 | SAR | Saratoga Investment Corp. | -23.8% | $28.1 | $21.4 | 14% |
| 21 | NCDL | Nuveen Churchill Direct Lending Corp. | -26.9% | $17.5 | $12.8 | 11.2% |
| 22 | PFLT | PennantPark Floating Rate Capital Ltd. | -27.3% | $9.9 | $7.2 | 13.3% |
| 23 | GSBD | Goldman Sachs BDC, Inc. | -33.3% | $13.5 | $9 | 14.3% |
| 24 | OXSQ | Oxford Square Capital Corp. | -33.3% | $2.4 | $1.6 | 27.1% |
| 25 | MFIC | MidCap Financial Investment Corporation | -34% | $15 | $9.9 | 12.6% |
| 26 | CGBD | Carlyle Secured Lending, Inc. | -34.6% | $16.2 | $10.6 | 13.4% |
| 27 | SCM | Stellus Capital Investment Corporation | -39.6% | $13.9 | $8.4 | 16.2% |
| 28 | NMFC | New Mountain Finance Corporation | -40.3% | $11.9 | $7.1 | 14.2% |
| 29 | TPVG | TriplePoint Venture Growth BDC Corp. | -41.5% | $8.2 | $4.8 | 19.6% |
| 30 | CCAP | Crescent Capital BDC, Inc. | -42.5% | $19.3 | $11.1 | 12.1% |
| 31 | HRZN | Horizon Technology Finance Corporation | -47.2% | $8.9 | $4.7 | 15.2% |
| 32 | PNNT | PennantPark Investment Corporation | -52.1% | $7.1 | $3.4 | 14.2% |
| 33 | GECC | Great Elm Capital Corp. | -54.5% | $12.1 | $5.5 | 18.7% |
| 34 | CION | CION Investment Corporation | -56.1% | $14.8 | $6.5 | 18.6% |