Quarterly report pursuant to Section 13 or 15(d)

FINANCIAL HIGHLIGHTS (Details)

v3.24.2.u1
FINANCIAL HIGHLIGHTS (Details) - USD ($)
$ / shares in Units, $ in Thousands
 3 Months Ended 9 Months Ended
Jun. 30, 2024
Mar. 31, 2024
Dec. 31, 2023
Jun. 30, 2023
Mar. 31, 2023
Dec. 31, 2022
Jun. 30, 2024
Jun. 30, 2023
Sep. 30, 2023
Investment Company, Financial Highlights [Roll Forward]                  
Net asset value at beginning of period (in USD per share) $ 19.80   $ 18.79 [1] $ 18.38   $ 18.16 $ 18.79 [1] $ 18.16  
Income from operations                  
Net investment income (in USD per share) 0.57     0.62     1.61 1.65  
Net realized and unrealized gain (loss) on investments (in USD per share) 0.22     0.01     1.09 (0.05)  
Net realized and unrealized gain (loss) on other (in USD per share) 0.09     0     0.18 0.02  
Total from operations (in USD per share) 0.88     0.63     2.88 1.62  
Distributions to common stockholders from                  
Net investment income (in USD per share) (0.50) $ (0.50) (0.49) (0.48) $ (0.45) (0.42) (1.49) (1.35)  
Return of capital (in USD per share) 0     0     0 0  
Total distributions (in USD per share) (0.50)     (0.48)     (1.49) (1.35)  
Anti-dilutive effect of common stock issuance (in USD per share) 0     0.02     0 0.15  
Total capital share transactions (in USD per share) 0     0.02     0 0.15  
Other, net (in USD per share) 0     (0.01)     0 (0.04)  
Net asset value at end of period (in USD per share) 20.18 [1] 19.80   18.54 18.38   20.18 [1] 18.54  
Per common share market value at beginning of period (in USD per share) 21.46   $ 19.28 18.80   $ 16.98 19.28 16.98  
Per common share market value at end of period (in USD per share) $ 23.27 $ 21.46   $ 19.52 $ 18.80   $ 23.27 $ 19.52  
Total return 10.85%     6.45%     29.44% 23.16%  
Common stock outstanding at end of period (in shares) 21,754,449     19,300,343     21,754,449 19,300,343 21,754,449
Statement of Assets and Liabilities Data:                  
Net assets at end of period $ 439,078     $ 357,946     $ 439,078 $ 357,946 $ 408,695
Average net assets 437,639     351,454     425,041 338,703  
Senior Securities Data:                  
Borrowings under line of credit, at cost 65,800     163,800     65,800 163,800  
Notes payable $ 257,000     $ 200,000     $ 257,000 $ 200,000  
Ratios/Supplemental Data:                  
Ratio of net expenses to average net assets – annualized 12.15%     12.69%     11.86% 12.85%  
Ratio of net investment income to average net assets – annualized 11.33%     13.29%     11.01% 11.82%  
Ratio of expenses to average net assets - annualized 14.79%     17.30%     14.80% 16.42%  
Ratio of net investment income (loss) to average net assets – annualized 8.74%     8.77%     8.13% 8.32%  
Series A Preferred Stock                  
Senior Securities Data:                  
Series A Preferred Stock $ 6,238     $ 0     $ 6,238 $ 0  
[1] Issued and outstanding shares of common stock and net asset value per share have been adjusted on a retroactive basis to reflect the 1-for-2 reverse stock split (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.