Saratoga Investment surprises the market with two changes to its dividend policy.
Prospect Capital is re-making itself and in the IVQ 2024 we got a first glimpse at the initial results of the BDC’s re-positioning efforts.
We review some key findings from Capital Southwest’s earnings release for the quarter ended December 31, 2024 and complain – a little – about how management doles out its quarterly results.
TriplePoint Venture Growth is issuing new unsecured debt. We analyze the potential impact on the BDC’s earnings over the short and medium term of this new debt.
There is a new public BDC: MSC Income Fund, managed by a subsidiary of Main Street Capital. The IPO has occurred without any trouble and the BDC Reporter is beginning coverage – bringing the total number of BDCs we track to 46.
This article discusses both Nuveen Churchill’s new unsecured note offering – a non-controversial subject. However, we also tackle “spread erosion” occurring at the BDC and across the sector – an unpleasant reality that rarely gets tackled – and offer a warning.
In a momentous development – albeit long expected = a new public BDC is coming to market, sponsored and managed by one of the most popular BDCs out there – Main Street Capital.
Blue Owl Capital is offering some preliminary metrics for the IVQ v2024 as well as pro-forma numbers following its just completed merger with its sister BDC.
Ares Capital has quietly provided some previews into its IVQ 2024 results from a recent Prospectus. The most interesting aspect? Yields.
Capital Southwest – one of the most popular and most successful BDCs – had some credit hiccups in the IIIQ 2024. Is this an aberration or early signs of deeper credit troubles?
4 BDCs of all stripes have reached new record high prices. We provide valuation metrics and discuss why the market animal spirits seem to be reviving.We’ve got one strong theory.
A portfolio company of Capital Southwest’s has been sanctioned. We discuss the possible implications for the BDC which has both debt and a highly valued preferred position in the company.
New Mountain Finance’s stock price has been weaker all year than its peers. In this article we look at the possible reasons why and what might be the catalysts for a positive change.
Gladstone Capital has recently reached a noteworthy price high. We discuss the history of this long-in-the-tooth BDC; its metamorphosis and the staggering returns achieved in recent years – all with an eye on what comes next.
On the heels of a downgrade of WhiteHorse Finance by a respected analyst, the BDC Reporter delves deep into the BDC’s credit performance of late.
We review the IIIQ 2024 performance of 4 more BDCs that reported their results in the first week of earnings season.
A portfolio company of Gladstone Capital has been sold and the BDC seems to be in line for a record-breaking payday.
We review IIIQ 2024 performance reviews for 5 of the 9 BDCs that reported in this first week of earnings season. The rest will be reviewed shortly.
Most everything went as expected when Capital Southwest reported its calendar IIIQ 2024 results, with one notable exception that has weighed on the BDC’s stock price.
One BDC has reached a new 52 week price and two at a new 52-week low.
