The BDC rally continued for yet another week and there are no obvious catalysts for a change in direction. We discuss where the sector has been and could be headed to price-wise.
In Part II of our introductory review of new BDC Palmer Square Capital BDC, we forthrightly offer up our views as to its strengths and weaknesses for investors.
There’s a lot to discover about the newest public BDC – which had its IPO just two days ago. Here – In Part I – we cover all the key facts BDC readers will want to know. In Part II, we’ll offer up our opinion on what we’ve learned. Includes a correction we made about the management fee charged.
Three BDCs reached new 52-week highs on Monday January 23, 2024. We analyze the phenomenon; review each BDC’s valuation metrics and consider the implications for BDC investors.
This week, the S&P 500 hit a new record but the BDC sector did not. However, the BDC rally is far from over and has helped bring new BDCs to the IPO market.
All of a sudden there are 4 new public BDCs. Here are some summary details and what this will mean for the sector and its investors.
Main Street is sharing some preliminary results for the IVQ 2023. There’s much to like in this (incomplete) picture.
A new incentive fee and preliminary IVQ 2023 results: there’s a lot to unpack from Golub Capital’s latest press release.
Week two saw BDC sector neither going forward or backwards. One BDC, though, disappointed “The Street” and there was much other news besides.
Saratoga Investment was the first BDC to report IVQ 2023 results and things did not go as planned.
BDC sector prices began the new year strongly, in sharp contrast to the major indices. We review this latest week in the BDC rally and discuss where prices might go – both upwards and downwards.
Our first news story of 2024 is about a portfolio company of Gladstone Capital, which announced what seems like a major organizational change. We tell you as much as we know.
Fifty two weeks of 2023 have come and gone and we can summarize the BDC sector’s key results – which have turned out to be very good. We also take a look at what might transpire next year…
PhenixFIN closes out BDC earnings season by disclosing its fiscal results ended September 30, 2023. There’s much positive news but uncertainties – and losses – linger.
The bulls are everywhere, including in the BDC sector which is close to breaking all sorts of price records. Are we at the peak?
New Mountain has undertaken two initiatives that shareholders should be pleased by.
For a second year in a row CION Investment has announced a last minute “top-up” distribution. We analyze where this leaves the BDC as 2023 comes to a close.
The BDC sector continues to rally and the numbers after 50 weeks are very impressive, as we discuss at length. Can this continue? We have thoughts.
Trinity Capital has announced its final distribution for 2023 giving us the opportunity to evaluate the BDC’s payout performance over time.
Yet another BDC taps the public “Baby Bond” market. We review both the micro and macro consequences.