In this article, we will be looking at the 5 best high yield finance dividend stocks. If you want to see our detailed analysis of financial stocks, you can go directly to the 10 Best High Yield Finance Dividend Stocks.
5. TriplePoint Venture Growth BDC Corp. (NYSE: TPVG)
Number of Hedge Fund Holders: 6
Dividend Yield: 9.3%
TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) is a closed-end management investment company. It ranks 5th on our list of the best high yield finance dividend stocks and operates as a business development company under the Investment Company Act, 1940.
This July, Piper Sandler analyst Crispin Love began covering TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) shares. Love has put an Overweight rating and a $17 price target on the shares commenting on TriplePoint Venture Growth BDC Corp.’s (NYSE: TPVG) “attractive” portfolio with a focus on technology companies.
In the first quarter of 2021, TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) had an NII of $0.29, missing estimates by $0.08. The company’s TII was $19.97 million, also missing estimates by $2.86 million. TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) has however gained 9.46% in the past 6 months and 22.4% year to date.
By the end of the first quarter of 2021, 6 hedge funds out of the 866 tracked by Insider Monkey held stakes in TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) worth roughly $10.08 million. This is compared to 6 hedge funds in the previous quarter with a total stake value of approximately $10.2 million.
4. BlackRock Capital Investment Corporation (NASDAQ: BKCC)
Number of Hedge Fund Holders: 6
Dividend Yield: 9.6%
BlackRock Capital Investment Corporation (NASDAQ: BKCC) is a provider of financing solutions for middle-market companies. It ranks 4th on our list of the best high yield finance dividend stocks and offers capital for companies to be able to meet their present needs and needs in the future.
In the quarter of 2021, BlackRock Capital Investment Corporation (NASDAQ: BKCC) had an NII of $0.06, in line with estimates. The company’s TII was $10.27 million but missed estimates by $0.73 million. BlackRock Capital Investment Corporation (NASDAQ: BKCC) has also gained 13.65% in the past 6 months and 44.53% year to date.
By the end of the first quarter of 2021, 6 hedge funds out of the 866 tracked by Insider Monkey held stakes in BlackRock Capital Investment Corporation (NASDAQ: BKCC) worth roughly $7.72 million. This is compared to 6 hedge funds in the previous quarter with a total stake value of approximately $7.08 million.
3. QIWI plc (NASDAQ: QIWI)
Number of Hedge Fund Holders: 5
Dividend Yield: 10.8%
QIWI plc (NASDAQ: QIWI) is based in Russia and offers payment and other financial services in Russia and CIS countries. The company ranks 3rd on our list of the best high yield finance dividend stocks and offers services like the QIWI payment system and the CONTACT money transfer system.
Sberbank CIB recently upgraded shares of QIWI plc (NASDAQ: QIWI) from Sell to Hold this April. The upgrade came with a price target of $11.89 placed on the stock as well.
In the first quarter of 2021, QIWI plc (NASDAQ: QIWI) had an EPS of $0.45, beating estimates by $0.04. The company’s revenue was $70.21 million, also beating estimates by $0.97 million.
By the end of the first quarter of 2021, 5 hedge funds out of the 866 tracked by Insider Monkey held stakes in QIWI plc (NASDAQ: QIWI) worth roughly $18.58 million. This is compared to 9 hedge funds in the previous quarter with a total stake value of approximately $18.5 million.
2. Great Elm Capital Corporation (NASDAQ: GECC)
Number of Hedge Fund Holders: 4
Dividend Yield: 11.7%
Great Elm Capital Corporation (NASDAQ: GECC), an externally managed business development company, ranks 2nd on our list of the best high yield finance dividend stocks. The company focuses on middle-market companies and their debt instruments.
Oppenheimer’s Mitchel Penn holds a Perform rating on Great Elm Capital Corporation (NASDAQ: GECC) shares. Penn has commented that Great Elm Capital Corporation (NASDAQ: GECC) can be expected to bring in a 6%-14% ROE.
In the second quarter of 2021, Great Elm Capital Corporation (NASDAQ: GECC) had an NII of $0.09, beating estimates by $0.01. The company’s TII was $6.23 million, up 30.73% year over year and also beating estimates by $0.23 million. Great Elm Capital Corporation (NASDAQ: GECC) has also gained 6.01% in the past 6 months.
By the end of the first quarter of 2021, 4 hedge funds out of the 866 tracked by Insider Monkey held stakes in Great Elm Capital Corporation (NASDAQ: GECC) worth roughly $8.55 million. This is compared to 6 hedge funds in the previous quarter with a total stake value of approximately $8.801 million.
1. Sixth Street Specialty Lending, Inc. (NYSE: TSLX)
Number of Hedge Fund Holders: 9
Dividend Yield: 12.8%
Sixth Street Specialty Lending, Inc. (NYSE: TSLX) is a specialty finance company and ranks 1st on our list of the best high yield finance dividend stocks. The company specializes in the provision of flexible financial solutions for middle-market companies in the US.
Mitchel Penn from Oppenheimer also holds an Outperform rating on Sixth Street Specialty Lending, Inc. (NYSE: TSLX) shares as of this April. The analyst mentioned that Sixth Street Specialty Lending, Inc. (NYSE: TSLX) may be able to earn a 12% ROE as well.
In the second quarter of 2021, Sixth Street Specialty Lending, Inc. (NYSE: TSLX) had an NII of $0.34, missing estimates by $0.15. The company’s TII was $62.83 million, also missing estimates by $3.24 million. Sixth Street Specialty Lending, Inc. (NYSE: TSLX) has also gained 3.36% in the past 6 months and 7.52% year to date.
By the end of the first quarter of 2021, 9 hedge funds out of the 866 tracked by Insider Monkey held stakes in Sixth Street Specialty Lending, Inc. (NYSE: TSLX) worth roughly $100.5 million. This is compared to 12 hedge funds in the previous quarter with a total stake value of approximately $85.1 million.
You can also take a look at 10 Best Finance Stocks To Buy Now and 10 Best Consumer Finance Stocks To Buy Now.
