The BDC Reporter takes a sneak peek at the week ahead for the BDC sector in what is yet another new feature, and available to all readers.
While BDC common stocks and all the main markets were in the grips of a major pull-back during the week, BDC Fixed Income had the quietest of weeks.
As goes the major indices, so goes the BDC sector. This week, the general markets headed sharply south…We discuss where the BDC sector using both short term and long term lenses; and looking both backwards and forwards.
An SEC filing fills in some – but not all – the details of a major insider sale which has caused a huge stock price drop. Not the last in a series.
Not surprisingly KCAP Financial redeems one of its two Baby Bonds. We review the redemption details and discuss what the BDC might do next.
A large number of Great Elm Corporation shares switch hands, and the stock drops to a record low. The BDC Reporter saw it all coming, but is still surprised.
A market melt-down is bringing more BDC stocks to 52 week lows. We name names and – on the fly – discuss risk and opportunity in a fast changing price environment.
The BDC Reporter speculates about the reason for the melt-down in Great Elm’s stock price in real-time.
Two BDCs hit new 52 week lows. We address what investors might be worrying about where Apollo Investment is concerned just days before earnings are released.
We say R.I.P. to the BDC sector rally and take a snapshot of where we are on the brink of earnings season and foretell – as best we can – what investors might expect from prices, earnings and credit.
BDC Fixed Income prices synced with interest rate movements in a quiet week where new developments are concerned.
FS Investment – just weeks away from a major merger – hits a 52 week low in price. We provide some context; throw around a few possible explanations and speculate what the BDC’s famed Investment Advisor might do in response.
Barings is buying a boatload of Barings BDC’s common stock under an automatic program, with no visible impact on the stock price. We review the latest “shareholder friendly” action by this most recent entrant into BDC management.
A major portfolio company of Gladstone Capital unexpectedly stumbles.
MVC Capital begins a pre-announced automatic share buy-back program. However, two shareholders will be missing: an MVC Director and the BDC Reporter. We explain the whys and wherefores.
A big swing down in the BDC sector, in sympathy with the major markets all but ends the eight month rally. We provide all the sorry details while keeping an eye on what the fundamentals are telling us.
As the BDC common stock sector got hammered BDC Fixed Income got a reprieve. In fact, the BDC Reporter suggests a big shift in BDC debt issuance could be in the cards.
OFS Capital issues another Baby Bond, preparing further expansion of its balance sheet. We look at the impact on portfolio and earnings down the road and how this fits into broader BDC challenges.
We offer questions investors should want to ask Saratoga Investment when quarterly earnings are released on October 10, 2018 after the close.
TPG Specialty shareholders have voted on whether to adopt the new BDC asset coverage rules. In a follow-up article to our initial discussion of the Proxy in August, we sum up the results and pros and cons of the decision made.