BDC prices move up for a third day; close on the heels of the major indices. Also we discuss Crescent Capital’s earnings challenge and two developments at Gladstone Investment.
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 have started the new week with a strong showing. In the news, a preferred offering and credit developments at several BDC portfolio companies worth knowing about. Some good news and some terrible.
We annotate the Crescent Capital IQ 2021 conference call transcript after first reviewing the investor presentation, earnings release and 10-Q. We find a BDC still very much betwixt and between.
BDC stock prices held up well in week two of earnings season. We review the top winners and losers and project what prices might go next.
The parent of Crescent Capital BDC’s external manager is being acquired by a trillion dollar financial services company. We review the details and what the implications are for the public BDC’s shareholders only months after going public.
The BDC Reporter annotates the IIQ 2020 conference call transcript of a relatively new public BDC: Crescent Capital BDC. We learn a great deal, but more remains to unearth.
An oil services company financed by three public BDCs unexpectedly files Chapter 11. We re-publish an article from the BDC Reporter and review which BDCs are involved and for how much.