Thu, Nov 14, 8:57 PM (235 days ago)
NexPoint Capital, Inc. (NXLC) reported its financial results for the third quarter ending September 30, 2024, highlighting significant changes in its investment income and overall performance. The company generated total investment income of $418.6K, down from $1.06 million in the same period last year, primarily due to decreased interest income from loans and dividends. Operating expenses increased to $424.6K, reflecting higher advisory fees and other operational costs, leading to a net investment loss of $113.2K. Despite these challenges, NexPoint achieved a net increase in net assets of $3.03 million, driven by unrealized gains of $3.11 million on investments, particularly in healthcare and telecommunication sectors. The net asset value per share rose to $5.44, up from $5.35 at the end of the previous quarter. The company maintains a diversified portfolio valued at $49.4 million, with a strategy focusing on middle-market healthcare investments and floating-rate debt. Cash and equivalents stood at $1.52 million, providing liquidity for future investments. However, ongoing uncertainties in market conditions and the performance of portfolio companies may impact future operations.