Here are three BDCs where the share price has gotten over the NAV skis, and the share should be sold to lock in profits.

Gladstone Capital Corporation today announced that it plans to make a public offering of notes due 2024 (the “Notes”).

Business Development Companies traditionally offer high dividends. Right now, two of the best in the sector are offering safe yields of between just over 7% and 9.6%, Others, with yields up to over 10%, can be added to a basket of these companies.

GLAD has made over 160 consecutive monthly cash distributions on its common stock. Before moving to a monthly dividend schedule, it had paid eight consecutive quarterly common stock cash distributions.

AG Mortgage Investment Trust is our top-rated upgrade this week and it is a strong buy.

Gladstone Capital Corporation today announced that it has entered into an agreement to sell 2,000,000 shares of its common stock at a public offering price of $7.98 per share.

I have to penalize Gladstone for its dividend cut in 2009. But other than that, the only real risk to the dividend would be a big macro shift like we saw during the Great Recession.

Largely overblown concerns have driven down the prices of Business Development Companies, so that several are now yielding in the double digits. Here, we recommend one trading at an almost 50% discount and yielding over 16%.