The BDC rally continues for another week, lifting almost all boats and leaving us speculating where this might take us.
The BDC rally rolls on, involving almost every public player out there. However, there’s still some considerable way to go before this cycle’s losses are made up.
A poor week for the major indices but a good one for the BDC sector – very much still in rally mode. We review the latest metrics, review which players have been left behind, and point out what price levels to look for on the road ahead.
We use the opportunity of PennantPark Floating Rate’s recent dividend announcement to survey the BDC’s payout history and outlook and review its market valuation.
We are at the halfway mark for 2023 and BDC sector prices are performing pretty well. We review a number of metrics and look through to the end of the year.
The BDC rally came to a halt after many weeks as investors across all markets had a re-think. Long term, though, the same old questions remain.
All the markets continue to rally, including the BDC sector. However, the most recent BDC metrics are underwhelming, as we show in this week’s Recap. We also offer the BDC Reporter’s skepticism that these days of wine and roses can last and explain why.
The BDC sector – and everything else – is in rally mode for yet another week. We review our regular metrics. However, we also add many words of caution to those who might believe that only wine and roses lays ahead, and give our reasons why.
Now that the debt limit has been increased, the BDC sector is rallying again. However, there are some familiar challenges up ahead…
The markets were not deterred by gridlock in Washington about the debt ceiling. The BDC sector came to the end of first quarter earnings season relatively optimistic on the back of record earnings, with more growth to come. Is a return to rally mode next?
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With the macro picture still bleak, BDC prices nevertheless moved up this week. Whether this is a flash-in-the-pan or the beginning of a rally is not yet clear, but long term the outlook – in the eyes of the BDC Reporter – is clear-cut.
We use the opportunity of an article in Bloomberg about a spate of recent bankruptcies to cool the rhetoric about what is happening in credit – especially where public BDCs are concerned.
Despite a robust earnings season, BDC sector prices continue to disappoint – a phenomenon now over a year old. To provide perspective we review how BDC prices have fared in the historical short, medium and long term and peer – as best we can – into what lies ahead.
BDC investors – after a fortnight of indecision – voted with their feet, causing a broad-based drop in prices. We review the numbers and offer a dark guess at what comes next.
Another quiet week for BDC prices, continuing a lull that began after the Silicon Valley Bank failure. Will the apparent closure of Republic Bank roil prices again going forward ?
All continues to be quiet on the BDC price front for yet another week. Even the news flow is slow. Will BDC earnings season – just a week away -bring about a change in what has been an up and down year so far ?