Quarterly report [Sections 13 or 15(d)]

FINANCIAL HIGHLIGHTS (Details)

v3.25.2
FINANCIAL HIGHLIGHTS (Details) - USD ($)
$ / shares in Units, $ in Thousands
 3 Months Ended 9 Months Ended
Jun. 30, 2025
Mar. 31, 2025
Dec. 31, 2024
Jun. 30, 2024
Mar. 31, 2024
Dec. 31, 2023
Jun. 30, 2025
Jun. 30, 2024
Sep. 30, 2024
Per Common Share Data:                  
Net asset value at beginning of period (in USD per share) $ 21.41   $ 21.18 $ 19.80   $ 18.79 $ 21.18 $ 18.79  
Income from operations                  
Net investment income (in USD per share) [1] 0.50     0.57     1.50 1.61  
Net realized and unrealized gain (loss) on investments (in USD per share) (0.18)     0.22     0.43 1.09  
Net realized and unrealized gain (loss) on other (in USD per share) 0.01     0.09     0 0.18  
Total from operations (in USD per share) 0.33     0.88     1.93 2.88  
Distributions to common stockholders from                  
Net investment income (in USD per share) (0.49) [2],[3] $ (0.50) [2],[3] (0.50) [2],[3] (0.50) [2],[3] $ (0.49) [2],[3] (0.49) [2],[3] (1.49) (1.49)  
Realized gains (in USD per share) 0   (0.40) [2] 0   (0.00) [2] (0.40) 0  
Total distributions (in dollar per share) (0.49)     (0.50)     (1.89) (1.49)  
Anti-dilutive effect of common stock issuance (in USD per share) 0     0     0.02 0  
Total capital share transactions (in USD per share) 0     0     0.02 0  
Other, net (in USD per share) 0     0     0.01 0  
Net asset value at end of period (in USD per share) 21.25 21.41   20.18 19.80   21.25 20.18  
Per common share market value at beginning of period (in USD per share) 27.46   $ 24.05 21.46   $ 19.28 24.05 19.28  
Per common share market value at end of period (in USD per share) $ 26.97 $ 27.46   $ 23.27 $ 21.46   $ 26.97 $ 23.27  
Total return 0.08%     10.85%     20.16% 29.44%  
Common stock outstanding at end of period (in shares) 22,329,852     21,754,449     22,329,852 21,754,449 22,230,587
Statement of Assets and Liabilities Data:                  
Net assets at end of period $ 474,454     $ 439,078     $ 474,454 $ 439,078 $ 470,895
Average net assets 474,342     437,639     478,420 425,041  
Senior Securities Data:                  
Borrowings under line of credit, at cost 27,500     65,800     27,500 65,800  
Preferred Stock 16,196     6,238     16,196 6,238  
Notes Payable $ 257,000     $ 257,000     $ 257,000 $ 257,000  
Ratios/Supplemental Data:                  
Ratio of net expenses to average net assets – annualized 8.74%     12.15%     8.76% 11.86%  
Ratio of net investment income to average net assets – annualized 9.52%     11.33%     9.41% 11.01%  
Ratio of expenses to average net assets - annualized 12.09%     14.79%     12.38% 14.80%  
Ratio of net investment income (loss) to average net assets – annualized 6.22%     8.74%     5.84% 8.13%  
[1] Per share amounts and weighted average common shares outstanding have been adjusted on a retroactive basis to reflect the Reverse Stock Split effected on April 4, 2024. Refer to Note 2—Summary of Significant Accounting Policies in the accompanying Notes to Consolidated Financial Statements for additional information.
[2] Refer to Note 9 – Distributions to Common Stockholders in the accompanying Notes to Consolidated Financial Statements for additional information.
[3] Per share amounts have been adjusted on a retroactive basis to reflect the Reverse Stock Split effected on April 4, 2024. Refer to Note 2—Summary of Significant Accounting Policies in the accompanying Notes to Consolidated Financial Statements for additional information.