Annaly Capital Management’s solid first-quarter earnings and revenue results exceeded analyst expectations. Trading at a tiny 6.2 times 2023 earnings, the stock is offering aggressive investors a huge opportunity.
Shareholders receive a 13.87% dividend. The Piper Sandler target price is $21.50, and Annaly Capital Management stock has a consensus target of $21.72. The shares closed on Tuesday at $18.65.
Eagle Bulk Shipping
This industry leader broke out in a big way and has been consolidating in recent trading. Eagle Bulk Shipping Inc. (NASDAQ: EGLE) engages in the ocean transportation of dry bulk cargoes worldwide.
The company owns, charters and operates dry bulk vessels that transport a range of cargoes, including iron ore, coal, grains, fertilizers, steel products, petcoke, cement and forest products. It serves miners, producers, traders and end users. As of December 31, 2021, the company owned and operated a fleet of 53 vessels.
Eagle focuses exclusively on the versatile midsize dry bulk vessel segment and owns one of the largest fleets of Supramax/Ultramax vessels in the world. The company performs all management services in-house (including strategic, commercial, operational, technical and administrative) and employs an active management approach to fleet trading with the objective of optimizing revenue performance and maximizing earnings on a risk-managed basis.
Eagle Bulk Shipping stock comes with an 11.05% dividend. The $75 Alliance Global Partners price target is well above the $66.60 consensus target and Tuesday’s close at $42.36.
FS KKR Capital
This very well-known name on Wall Street is offering a solid entry point at current levels. FS KKR Capital Corp. (NASDAQ: FSK) is a BDC specializing in investments in debt securities. It seeks to purchase interests in loans through secondary market transactions or directly from the target companies as primary market investments.
The company also seeks to invest in first and second lien secured loans and, to a lesser extent, subordinated or mezzanine loans. In connection with the debt investments, the firm also receives equity interests, such as warrants or options, as additional consideration. It also seeks to purchase minority interests in the form of common or preferred equity in our target companies, either in conjunction with one of the debt investments or through a co-investment with a financial sponsor.
On an opportunistic basis, the fund may invest in corporate bonds and similar debt securities. The fund does not seek to invest in start-up companies, turnaround situations or companies with speculative business plans. It seeks to invest in small and middle-market companies based in the United States. The fund seeks to invest in firms with annual revenue between $10 million and $2.5 billion. It seeks to exit from securities by selling them in a privately negotiated over-the-counter market.
FS KKR Capital posted stellar results for the most recent quarter and announced a continuation of a huge stock buyback.
The dividend yield here is 14.82%. Jefferies is the only Wall Street firm with a Buy rating, out of the 15 that follow the stock. Its $25 price target is higher than the $21.19 consensus target. FS KKR Capital stock closed on Tuesday at $18.78.
OneMain Holdings
This off-the-radar company has been around for over 100 years. OneMain Holdings Inc. (NYSE: OMF), a financial service holding company, engages in the consumer finance and insurance businesses. The company originates, underwrites and services personal loans secured by automobiles or other titled collateral, or unsecured.
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