The S&P hit a new high, but the BDC sector dropped. Leading the news – despite multiple earnings releases – was the decision by one BDC to quit and become a national bank.
The new month/week began with a modest BDC price rise. However, there was shocking news from one of the most popular – and idiosyncratic BDCs – out there just as earnings season shifted into high gear.
The BDC Fixed Income Recap is back in a monthly format. We review the latest sector prices for unsecured debt; the number of issues and issuers and what’s been happening.
This was a consequential week that included the month end and the beginning of earnings season. Nonetheless, BDC sector prices barely budged. We discuss why there’s a strong possibility that might change shortly.
The BDC sector price dropped on the day, but possibly for a technical reason that we discuss. Also, the leading venture debt lender announced enviable results and another BDC dishes about a new add-ion investment.
On day two of BDC earnings season, the market leader offered up the biggest headlines. However, there was also some smaller BDC stories worth noting.
BDC prices slumped slightly on the day. BDC earnings season began with one disappointing result and one as expected. Also, we were surprised by a very inexpensive unsecured debt offering by a well regarded BDC.
Hercules Capital announces IIIQ 2021 distributions. We compare the likely payout for 2021 with 2020 and 2019 and wonder about 2022.
First day of the last week of the month and BDC stock prices – and the markets – are on the rise, with BDC earnings season twenty four hours away. Also a smaller BDC is buying back its stock.
A SPAC gobbles up a BDC portfolio company.
A week that began with high drama where BDC prices were concerned settled down by week’s end. However, IIQ 2021 BDC earnings season is upon us and anything could happen.
The BDC Reporter sees two main issues worth keeping an eye out for when Ares Capital reports IIQ 2021 earnings shortly.
Three was not the charm for BDC stock prices, dropping after two consecutive days of increases. Still, the sector remains very close to its highs, along with the major indices.
The BDC Reporter previews the key questions worth asking when Oxford Square reports IIQ 2021 results.
After Monday’s price slump, the BDC sector has recovered for a second day in a row. With little new developments to review, we have undertaken a BDC earnings preview and a credit update of a BDC portfolio company.
The BDC Reporter spells out the questions investors should be asking when Apollo Investment reports mid-year 2021 results. This will be a pivotal quarter for the BDC.
BDC sector prices gained substantially after doing the opposite the day before. Is this drawdown over or have we just begun ? Plus, a BDC raises its dividend and boost its price and two Baby Bonds get early redemption dates.
Monday was a very bad day for all the markets price-wise, including the BDC sector. We review at some length what happened. Also discussed is a new rating of a BDC by a well respected investment bank.
BDC prices drop for a second week. Time to worry, or not ? The BDC Reporter offers up some thoughts based on long experience.
BDC sector prices continue to slip…A medium sized BDC taps the unsecured debt market for a surprisingly large amount and another BDC offers a preview of investment activity.
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