We re-publish a post from our BDC Best Ideas Newsletter about KCAP Financial, following the IVQ 2018 results release.
Moody’s has named the 17 top candidates amongst retail names to file bankruptcy in 2019. The BDC Reporter analyzes how BDC lenders might fare if the worst comes to pass.
The BDC Reporter reviews the credit performance, outlook and profile of PennantPark Floating Rate, following IVQ 2018 results
A rural telecom company files Chapter 11. We review BDC exposure and potential impact on income and book value.
Institutional Shareholder Services seems to have turned its thumb down – for a second time – on the three way Medley company merger, according to a dissident shareholder. We annotate, analyze and throw out a couple of warnings you may not be expecting.
Very busy news week ahead for the BDC sector and the possibility of much market moving activity, both for individual stocks and the sector as a whole. Hold onto your hats.
The BDC Fixed Income sector continues to climb back to its prior heights. Also a BDC announces plan to call in a Baby Bond early.
Week Nine of the BDC rally brought the sector to new highs and the benefits of investor enthusiasm to (almost) every player. The future, though, may not be as bright, as the BDC Reporter feels compelled to spell out.
Hercules Capital has been reporting IVQ 2018 earnings and making promises about its dividend. We crystal ball what might happen in the short term.
Now that KCAP Financial has become externally managed, we analyze what earnings might look like on a pro-forma basis to determine if the current dividend is sustainable.
The BDC Reporter reviews the credit performance, outlook and profile of CM Finance, following IVQ 2018 results.
Short but busy week coming up for BDC investors, including a new round of earnings releases; more developments in the Medley merger and – potentially – more capital markets activity. Follow us on Twitter to see what happens.
The BDC Fixed Income segment is repeating the pattern of the 2016 slump and rally.
The BDC rally – after the most modest of pullbacks – follows the rest of the markets upwards. We weigh the odds of what happens next.
The BDC Reporter looks into Apollo Investment’s IVQ 2018 realized losses.
The BDC Reporter annotates Medley Capital’s fourth quarter 2018 earnings press release at a critical juncture and finds little joy in the numbers.
The week ahead in the BDC sector may be less frantic than the week just ended, but the Medley imbroglio continues; the leading BDC reports results and market trends for common stocks and publicly traded debt may be headed in different directions.
The BDC Fixed Income market is re-opening for business after weeks of being effectively closed and market prices are – almost – back to where we were. Transit point or top ?
The Medley merger vote is back on but there’s much more to know about what’s been going on behind the scenes. One more brick…
The BDC rally sputters, even more than the week end numbers might suggest. The sector is not alone, but that may be cold comfort, depending on what happens next. The first week of BDC earnings season offered no clear cut solace. Or any outsized disasters.