The BDC Reporter undertakes a great deal of commentary and analysis while annotating Barings BDC’s IIQ 2022 conference call. We cover issues both relevant to Barings BDC itself and the BDC sector more generally. Settle in for a long read or focus on the highlights at the top.
The markets were in the black on Tuesday and the BDC rally continued. There were multiple news items, including an increased dividend and new senior managers at a large cap BDC plus positive credit developments at Capital Southwest.
The BDC sector was up on the day, judging by its exchange traded fund, but clearly down based on the number of stocks in the red. Also, we re-publish a credit snapshot of Barings BDC, prepared by the BDC Credit Reporter.
All the indices pull back from record highs, including the BDC sector. Earnings and dividends continue to be announced, causing one BDC to disappoint investors but most are performing as expected.
The broader indices – and the BDC sector – turned positive on Wednesday. We review the highlights. Also discussed: an analyst call on a popular BDC and at a small player insiders register their shares for a potential public sale.
The BDC Reporter annotates Baring BDC’s discussion of its acquisition of Sierra Income. This is one of the biggest BDC-related transactions of 2021 and involves multiple moving parts.
The main indices had a hard time rebounding from Monday’s big down day, but not so the BDC sector. Also, a popular mid-sized BDC reports on two significant realized gains and – in breaking news – one public BDC is set to acquire a private player.
BDC sector prices – and almost every stock – dropped with all the major indices on Tuesday. Otherwise, a popular BDC announced several new investments and the leading BDC received a shareholder nod.
BDC common stocks were in rebound mode this week, leaving the sector very close to its 2021 highest heights.
The BDC Reporter annotates Barings BDC’s IQ 2021 conference call in a quarter where the BDC reached a much awaited ROE target for the first time.
As expected, Barings BDC does not intend to hold onto MVC Capital’s only Baby Bond (MVCD) once MVC Capital has been acquired. We learn what Barings has in mind for MVCD, which includes a little surprise.