A tough month for the major indices has left the BDC sector in pretty good shape price-wise. We review the metrics for the week and the MTD from all sides now. Looking forward, there are risks but also the prospect of even better fundamentals.
The BDC sector was up on the day, judging by its exchange traded fund, but clearly down based on the number of stocks in the red. Also, we re-publish a credit snapshot of Barings BDC, prepared by the BDC Credit Reporter.
Great Elm has been issuing a lot of shares and the price has dropped, requiring a reverse stock split. We review the BDC’s history in this regard.
The broader indices were mixed but the BDC sector was clearly up following the latest Fed decision. There was little BDC news to digest.
For a second day, the markets were all over the place but the BDC sector moved up in price. We discuss how BDCs have performed so far in this mini-crisis. Otherwise, we learn more about a new portfolio company at Horizon Capital and a troubled borrower causing worries for two public BDCs.
What began as a terrible day for BDC investors ended up not too badly, but still behind what occurred to the major indices. We run the numbers and determine where the sector stands. Also, we identify a new underperforming BDC portfolio company owned by multiple players.
For the major indices and the BDC sector a week to forget where prices are concerned. We review all sorts of metrics but also look forward to what might happen in the weeks to come.
The major indices – and the BDC sector – continue to slump in price. News-wise, nothing to flag but there was an important recapitalization of a company financed by two BDCs.
The major indices dropped again. This time the BDC sector followed, but remains close to its highest levels. Outside of Main Street’s IVQ 2021 update – covered in a separate article – there were two credit developments worth knowing about.
The BDC Reporter takes stock of Main Street Capital’s estimated IVQ 2021 results; puts its dividend payout into context and discusses way to think and get rich with this popular BDC.
A strange day in the markets is dissected by the BDC Reporter. In terms of news, Ares Capital issued new shares to its underwriters and Stellus Capital declared IQ 2022 distributions.
BDC sector prizes were headed up through Wednesday before making a U-turn. The BDC Reporter reviews various metrics, discusses a new debt offering from Hercules Capital and closes with a sanguine outlook.
The markets – and the BDC sector – suddenly drop sharply. We also discuss Saratoga Investment’s latest unsecured note offering – instructive in many ways.
Now that Ares Capital has issued and priced its latest share offering we can crunch the numbers from a variety of perspectives.
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.
Yet another BDC taps the unsecured debt market at a favorable rate. We review the latest development and analyze the impact on SLR Investment Corp’s borrowing costs.
BDC sector prices break out to a new 52 week high as a rally gains steam. Plus, two BDCs announce distributions and two others divulge new investments and a troubled company gets acquired.
Both the major indices and the BDC sector disappointed on Monday. However, there was plenty of news including two BDCs reporting activity levels, a closed half billion dollar unsecured note offering and two credit updates.