Week 9 of the BDC Reporter’s look back for BDC common stocks and baby bonds. Stocks take a cigarette break. Baby Bonds surprise.
LIBOR interest rates are on the move up, and BDC investors are expecting a big pay-off. The BDC Reporter warns that’s unlikely to happen and explains why.
The BDC Reporter reviews the multiple conflicts of interest Goldman Sachs BDC’s Investment Advisor.
Technologist Ian Foley describes how Business Development Companies and other lenders can use machine learning.
First in a series reviewing key issues in Triangle Capital’s recently published annual filing. We begin with an analysis of TCAP’s credit performance…
We review how BDC common stocks and Baby Bonds fared in Week 8 of 2017.
We use Solar Capital’s stock price as a canary in the coal mine indicator for the direction of the BDC sector rally.
Ares Capital issues its 10-K. We analyze the returns and the risks in its two joint ventures with even larger asset management organizations.
Medallion Financial’s stock price continues to climb in advance of its earnings release. We offer our view as to who should be a buyer and who should not.
Stellus Capital Investment has filed a new Prospectus. Is an equity or debt raise in the offing ?
Fifth Street Floating Rate has reduced its distribution. We discuss sustainability at the new level, and the future of this problematic BDC.
Week Seven of our periodic recap of developments in the market for BDC common stocks and Baby Bonds.
Medallion Financial’s stock up 32% in a few days. We suggest one possible reason culled from an SEC filing.
Fifth Street Finance offers up an Incentive Fee concession to shareholders in a preliminary SEC Proxy filing. We are underwhelmed.
Energy-BDC OHA Investment has a large shareholder which long time BDC investors will recognize by name.
PennantPark Floating Rate issues new equity a year and a half after buying MCG Capital. How have shareholders fared ?
Week Six of 2017 has both BDC common stocks and Baby Bonds performing well, with only a few exceptions.
Here’s the number one challenge Fifth Street Finance faces as the stock hits an all-time low.
Fifth Street Finance’s stock price drops like rock on poor credit, lower distributions. We add some more facts and figures.
We review Prospect Capital’s earnings release, and worry anew about the sustainability of the distribution, even if nobody else does.