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Posted by
Two Blokes May 20 -
Filed in
Stock
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2 views
I maintain a hold rating on GAIN, due to increased non-accruals and heavy reliance on equity investments, which are riskier in a high-rate environment. While GAIN offers a compelling 6.5% dividend yield and solid recent earnings, the premium to NAV and economic uncertainties make the stock expensive now. Non-accruals have risen to 13.1% of cost, signaling some portfolio deterioration and raising concerns about future earnings sustainability if rates stay high.
