v3.25.4
Note 14 - Financial Highlights (Tables)
12 Months Ended
Dec. 31, 2025
Notes Tables  
Investment Company, Financial Highlights [Table Text Block]
  

Year ended December 31,

  
  

2025

   

2024

   

2023

   

2022

   

2021

  
  

(In thousands, except share and per share data)

  

Per share data:

                         

Net asset value at beginning of period

 $8.43   $9.71   $11.47   $11.56   $11.02  

Net investment income

  1.05    1.32    1.98    1.46    1.41  

Realized loss on investments

  (1.37)   (0.96)   (0.97)   (0.38)   (0.18) 

Unrealized appreciation (depreciation) on investments

  0.26    (0.52)   (1.57)   (0.22)   0.16  

Net (decrease) increase in net assets resulting from operations

  (0.06)   (0.16)   (0.56)   0.86    1.39  

Distributions declared (1)

  (1.32)   (1.37)   (1.37)   (1.28)   (1.25) 

From net investment income

  (1.32)   (1.37)   (1.37)   (1.28)   (1.25) 

From net realized gain on investments

                    

Return of capital

                    

Other (2)

  (0.07)   0.25    0.17    0.33    0.40  

Net asset value at end of period

 $6.98   $8.43   $9.71   $11.47   $11.56  

Per share market value, beginning of period

 $8.99   $13.17   $11.60   $15.92   $13.24  

Per share market value, end of period

 $6.45   $8.99    13.17    11.60    15.92  

Total return based on a market value (3)

  (13.6)%   (21.3)%   25.3%   (19.3)%   29.7% 

Shares outstanding at end of period

  45,613,815    39,875,847    33,367,389    27,753,373    21,217,460  

Ratios to average net assets:

                         

Expenses without incentive fees (4)

  16.2%   15.1%   14.1%   11.5%   10.5% 

Incentive fees (4)

      0.1%   0.9%   2.6%   3.1% 

Net expenses (4)

  16.2%   15.2%   15.0%   14.1%   13.6% 

Net investment income with incentive fees

  14.2%   14.4%   18.2%   12.1%   12.2% 

Ratios, without waivers, to average net assets:

                         

Expenses without incentive fees

  16.2%   15.1%   14.1%   11.5%   10.5% 

Incentive fees

  %   0.1%   0.9%   2.6%   3.1% 

Net expenses

  16.2%   15.2%   15.0%   14.1%   13.6% 

Net investment income with incentive fees

  14.2%   14.4%   18.2%   12.1%   12.2% 

Net assets at the end of the period

 $318,502   $336,183   $323,981   $318,448   $245,335  

Average net asset value

 $311,928   $332,719   $336,915   $299,182   $231,215  

Average debt per share

 $10.43   $12.42   $13.93   $13.70   $11.27  

Portfolio turnover ratio

  30.0%

(4)

  15.6%

(4)

  17.2%

(4)

  14.6%

(4)

  45.4%

(4)

  

Year ended December 31,

  
  

2020

   

2019

   

2018

   

2017

   

2016

  
  

(In thousands, except share and per share data)

  

Per share data:

                         

Net asset value at beginning of period

 $11.83   $11.64   $11.72   $12.09   $13.85  

Net investment income

  1.18    1.52    1.20    1.07    1.48  

Realized (loss) gain

  (0.84)   (0.31)   0.06    (1.84)   (0.67) 

Unrealized appreciation (depreciation) on investments

  0.02    0.24    (0.13)   1.60    (1.24) 

Net increase (decrease) in net assets resulting from operations

  0.36    1.45    1.13    0.83    (0.43) 

Net dilution from issuance of common stock

                    

Distributions declared (1)

  (1.25)   (1.20)   (1.20)   (1.20)   (1.34) 

From net investment income

  (1.25)   (1.20)   (1.20)   (1.20)   (1.34) 

From net realized gain on investments

                    

Return of capital

                    

Net accretion from repurchase of common stock

                  0.01  

Other (2)

  0.08    (0.06)   (0.01)         

Net asset value at end of period

 $11.02   $11.83   $11.64   $11.72   $12.09  

Per share market value, beginning of period

 $12.93   $11.25   $11.22   $10.53   $11.73  

Per share market value, end of period

 $13.24   $12.93   $11.25    11.22    10.53  

Total return based on a market value (3)

  12.1%   25.6%   11.0%   17.9%   1.5% 

Shares outstanding at end of period

  19,286,356    15,563,290    11,535,129    11,520,406    11,510,424  

Ratios to average net assets:

                         

Expenses without incentive fees (5)

  10.0%   10.8%   10.4%   8.6%   9.2% 

Incentive fees (5)

  2.6    3.2    2.4%   1.2%   1.4% 

Net expenses (5)

  12.6%   14.0%   12.8%   9.8%   10.6% 

Net investment income with incentive fees (5)

  10.4%   12.8%   10.3%   9.0%   11.4% 

Ratios, without waivers, to average net assets:

                         

Expenses without incentive fees (5)

  10.0%   10.8%   10.4%   8.6%   9.2% 

Incentive fees (5)

  2.6%   4.4%   3.3%   1.3%   1.4% 

Net expenses (5)

  12.6%   15.2%   13.7%   9.9%   10.6% 

Net investment income with incentive fees (5)

  10.4%   11.6%   9.4%   8.9%   11.4% 

Net assets at the end of the period

 $212,597   $184,055   $134,257   $135,075   $139,192  

Average net asset value

 $199,302   $160,008   $134,364   $137,293   $150,612  

Average debt per share

 $9.97   $10.05   $8.62   $6.60   $8.91  

Portfolio turnover ratio

  38.7%

(4)

  82.0%

(6)

  50.4%

(6)

  79.4%

(6)

  27.1%

(6)