There was a paucity of news affecting the BDC sector in the week ended September but developments out of the SEC could change price dynamics.
The broad market indices bobbed around in the week and the BDC sector followed suit. We discuss two BDCs that did well, and four that did not and project out how the rest of the year is likely to play out.
Once again, the BDC Reporter annotates the conference call of a BDC, one of our most popular features. In this case, we add analysis and commentary to Monroe Capital’s second quarter 2019 transcript.
On one hand, BDC index prices moved up again. On the other hand, other data we use to measure investor enthusiasm for the BDC sector was unmoved. We seek to reconcile this contradictory picture, while looking forward.
One of Monroe Capital’s largest investments is liquidating. We review the timeline and the implications for the BDC’s reputation, stock price and future outlook.
A quick update to an earlier Stock Watch of Garrison Capital, as the dividend cutting BDC reaches a new low.
Nothing lasts forever, specially BDC common stocks upward momentum. This week, the sector dropped back. Harbinger or brief pause ?
The BDC common stock rally edges forward in a quiet week for the sector. What BDC shareholders decide in the weeks ahead may change the momentum.
S&P speaks up about the new BDC leverage rules, expressing concern. Will the credit raters keep BDCs from borrowing to the hilt. If not the rating groups, then who ? We discuss the options and look into a glass. Darkly.
The BDC Sector had a decent week and good month, especially when compared with the major indices. Are BDC stocks headed for a rally after a year in the doldrums ?