The BDC rally rolls on, breaking new records. In major news, the leading BDC is selling new stock and a venture debt BDC provides a preview of some key data.
We annotate Horizon Technology’s IIIQ 2021 conference call transcript, offering analysis, context and a warning.
For a second day in a row, the BDC sector failed to follow the major indices upward. Also, BDC earnings season begins with high expectations and three BDCs do not disappoint. There’s other news besides on a busy day for BDCs.
Another up day for BDC stock prices, and for most of the indices. News-wise, a venture debt BDC recaps the quarter’s activity; an unchanged distribution is announced and yet another player returns to the unsecured debt issuance well on favorable terms.
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.
Over the past two days BDC sector prices have dropped, but not very far. Also one BDC has reported earnings and two others provided previews of second quarter activity.
The BDC sector reaches mid-year 2021 in good shape where prices are concerned. We discuss the latest data to provide context. Plus, we discuss the divvying up of a new portfolio investment by a venture-debt BDC.
For a third day in a row, BDC stock prices dropped. Time to worry or just noise ? We discuss, as well as point out a potential capital offering that might be headed this way by a venture-debt BDC.
BDC sector prices went nowhere, and volatility was low on Wednesday. However, the BDC Reporter found several news and credit stories to write about you probably won’t find covered anywhere else.