BDC Fixed Income crawls up in price even as the segment shrinks in size. The BDC Reporter remains optimistic.
Second quarter earnings season is pretty much over, but is the BDC rally ? The BDC Reporter is unusually forthright on the subject.
As BDC earnings season winds down, the BDC Reporter – which has been busy keeping up with every release – discusses some of the major trends showing up in this ever more popular sector of the credit market.
A lot has happened at Medley Capital since Thursday night’s close and caused us to sell off a position in the common stock in a hurry. We explain why we bought and why we sold.
The former Triangle Capital is now trading as Barings BDC, LLC with a new ticker and at a new low following a shareholder distribution. What to do ?
BDC Fixed Income moved up modestly in quiet week. However, changes are underway in how some BDC debt is rated which could have major implications.
The first week of BDC earnings season maintains the BDC rally. The BDC Reporter looks both at the sector’s short and long term prospects, while offering up all sorts of numbers you won’t find anywhere else.
Nine BDCs have reported earnings through the close on August 2, 2018. We’ve got the highlights, the lowlights and an early idea of where the BDC sector is headed.
Oxford Square reports higher earnings than last quarter. The stock price drops. We offer an explanation why and share a theory.
For the second time in a 6 week period Newtek Business increases its projected 2018 distribution, as anticipated in the BDC Reporter’s Dividend Outlook. We discuss our new dividend rating for NEWT.
Alcentra Capital hits a new low. We discuss the metrics, suggest the reasons why and point out what investors might want to look out for.
A quiet week, both in terms of price changes and news developments, in BDC Fixed Income. Looking around the corner, we speculate as to whether the universe of publicly traded unsecured BDC debt gets bigger or smaller.
A mixed week in the BDC sector but the trend is still to the upside. The BDC Reporter also discusses the monumental changes underway amongst the bigger BDCs and what that might mean for the future.
We put our BDC Credit Reporter hat on to preview the credit picture for the 50 companies in Gladstone Capital’s portfolio, with second quarter results shortly to be released.
Golub Capital continues to rework its borrowings. The BDC Reporter provides an update and discusses the broader picture of BDC liability management – and what that might mean for shareholder risk and return – in a new age.
In an expected but still major development, Corporate Capital Trust merges into FS Investment and the second largest public BDC is about to be born. We discuss the terms, the uncertainties and the investing opportunity involved.
The famously stable BDC Fixed Income market seems a little anemic. However, that’s nothing compared to what may happen as BDCs position themselves around the Small Business Credit Availability Act.
The BDC sector has a very good week almost across the board, despite few developments as investors jockey for position before earnings season. We discuss at length one factor that could prolong the rally and briefly (teasingly ?) mention another.
Why we invested in Capitala Finance as part of our Special Situations strategy.
Goldman Sachs BDC shareholders fail to play ball for a second time. We discuss the pros and cons of issuing shares below book and project what might happen next. We also discuss the touchy subject of compensation…