Once again the major indices (or at least two of them) moved up while the BDC sector went in the opposite direction, but not too far.
Everything is coming up roses in the market and for the BDC sector, and we’ve got the numbers. However, the BDC Reporter can’t help expressing skepticism and – yes – we’ve got the numbers to back us up. Not a jolly read, but a necessary one.
Fresh from publication in the BDC Credit Reporter, we discuss the recent bankruptcy filing of a food manufacturer in which two of the BDCs in our coverage universe have substantial positions.
Neither the broader markets nor BDC investors can decide themselves about what the future holds so prices remain volatile. We also discuss whether 2024 will be remembered with a smile or a frown by our readers.
The bloom is off the market rose but the situation in the BDC sector is more complex, as we explain. Also in this edition we discuss what the main themes will be in the months ahead for those involved in the BDC sector. Stay alert!
The BDC sector benefited from the post-election stock market euphoria but in a very patchy way. We review the week’s price action; where we stand in Week 45 and some of the challenges & opportunities ahead that will move prices.
Prospect Capital has slashed its distribution and changed its strategy going forward. We take a hard look at this shocking news.
We are taking a break from reporting on the BDC sector’s latest results to re-publish a telling tale from the BDC Credit Reporter about a failed agtech company.
Week 44 saw the major indices – and BDC stock prices – drop sharply. We review the dismal metrics and consider what Bull and Bear would argue is coming next.
This was an unusually quiet week for BDC stock prices and for BDC news but the BDC Reporter has still found some interesting items to discuss on the eve of IIIQ 2024 earnings season.
We assess what the impact of the failure of Pluralsight – a portfolio company of multiple BDCs – might have in the coming IIIQ 2024 – and beyond.
The major indices remain on fire and the BDC sector – this week anyway – as well. We review the latest metrics, discuss sector performance YTD and muse about what earnings season might bring.
In anticipation of BDC earnings season, we preview how Barings BDC might perform across a range of metrics and both in the coming results and longer-term.
The major indices remain red hot but the BDC sector continues to drag. We discuss the principal winners and losers this week and muse about what may lie further ahead.
A somewhat strange week with the BDC sector overall up in price but its components suggesting weakness. We review the data and look forward to earnings season which might clarify matters.
We offer up projections for how Ares Capital might perform when the BDC reports its results for the IIIQ 2024 on October 30, 2024.
We re-publishing an article from the BDC Credit Reporter about developments at an under-performing logistics company whose debt is held by 6 public BDCs from our coverage universe.
For a third week in a row, BDC sector prices are up but still greatly lags behind the broader markets. We take a snapshot of where we stand as the third quarter of 2024 comes to a close.
There have been some ominous warnings made about the outlook for private credit of late, two of which are quoted here. We have a dispassionate look and discuss how BDC investors might fare.
As the major indices went from strength to strength, BDC metrics were more diffident. This seems reasonable enough as the Fed’s rate cuts have launched a new phase for BDCs that should significantly change what we’ve been accustomed to since the end of 2021.
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