BDC Fixed Income dips in a week with monumental rules changes. We take a look and speculate about what the future might hold.
A Wild Week for both the markets and the BDC Sector. Maybe we reached a turning point in BDC history with the new looser leverage rules. Many asset managers think so and some analysts but the BDC Reporter has doubts.
BDCs just might be on the verge of their biggest rule change since 1980. The asset managers are crowing, but should BDC investors ?
Hercules Capital suggests higher interest rates means higher earnings and has an illustrating chart. Not so fast, we say.
BDC high flyer TPG Specialty issues new shares at a (modest) premium to book. Buy, Sell or Hold ? We share our view.
TICC Capital undergoes a name change. We speculate as to why…
Two BDCs hit new lows. We discuss why and what this might tell us about BDC common stocks more generally.
All quiet on the BDC Fixed Income front, both where prices are concerned and new developments. We discuss where the sector could go from here and how that might differ from BDC common stocks.
Up, down and all around the BDC Sector moves in this past week. However, the Ides of March still point mostly to Down, as we illustrate.
We re-publish an interesting chart provided by Alcentra Capital which speaks volumes about the cleft stick in which BDCs are caught.
Following on Alcentra Capital’s latest dividend reduction – which we projected months ago – the BDC Reporter re-rates the Dividend Outlook for 2018 at the new $0.18 a quarter level.
Harvest Capital delays its 10-K release. The reasons given in an SEC filing give us the shivers.
American Capital Senior Floating reports results as expected but surprises with mysterious comments about changing the BDC’s scale.
Great Elm Corporation had a great quarter earnings-wise. However – as we show in detail drawn from the 10-K – a great change in income , earnings and book value appears to be coming. Are GECC investors right in tying themselves to the mast ?
Another quiet week of BDC Fixed Income prices. However, legislation percolating in Congress could change everything.
Just in the nick of time BDC common stocks changed direction. Short term bounce or something else ?
BlackRock Investment jumps in price after its earnings release. The BDC Reporter takes a different view when looking behind the numbers and down the road.
Stellus Capital reports earnings below analyst expectations. The market jeers. The BDC Reporter – looking ahead – cheers.
New Mountain Finance reports IVQ 2017 results and an almost “clean” investment portfolio. Or is it ?
BDC Fixed Income loses a constituent, but the group as a whole remains stable, both in the short and medium term. We delve into our archives for perspective and compare with BDC common stock returns of late.