This week, the S&P 500 hit a new record but the BDC sector did not. However, the BDC rally is far from over and has helped bring new BDCs to the IPO market.
All of a sudden there are 4 new public BDCs. Here are some summary details and what this will mean for the sector and its investors.
Main Street is sharing some preliminary results for the IVQ 2023. There’s much to like in this (incomplete) picture.
A new incentive fee and preliminary IVQ 2023 results: there’s a lot to unpack from Golub Capital’s latest press release.
Week two saw BDC sector neither going forward or backwards. One BDC, though, disappointed “The Street” and there was much other news besides.
Saratoga Investment was the first BDC to report IVQ 2023 results and things did not go as planned.
BDC sector prices began the new year strongly, in sharp contrast to the major indices. We review this latest week in the BDC rally and discuss where prices might go – both upwards and downwards.
Our first news story of 2024 is about a portfolio company of Gladstone Capital, which announced what seems like a major organizational change. We tell you as much as we know.
Fifty two weeks of 2023 have come and gone and we can summarize the BDC sector’s key results – which have turned out to be very good. We also take a look at what might transpire next year…
PhenixFIN closes out BDC earnings season by disclosing its fiscal results ended September 30, 2023. There’s much positive news but uncertainties – and losses – linger.
The bulls are everywhere, including in the BDC sector which is close to breaking all sorts of price records. Are we at the peak?
New Mountain has undertaken two initiatives that shareholders should be pleased by.
For a second year in a row CION Investment has announced a last minute “top-up” distribution. We analyze where this leaves the BDC as 2023 comes to a close.
The BDC sector continues to rally and the numbers after 50 weeks are very impressive, as we discuss at length. Can this continue? We have thoughts.
Trinity Capital has announced its final distribution for 2023 giving us the opportunity to evaluate the BDC’s payout performance over time.
Yet another BDC taps the public “Baby Bond” market. We review both the micro and macro consequences.
The BDC Reporter digs into the data in the BDC Credit Table to review Stellus Capital’s credit status at the end of the IIIQ 2023.
Monroe Capital recently announced a quarterly distribution of $0.25. Unfortunately for the BDC’s shareholders that payout may be cut shortly. We explain why and how Monroe may not be alone in this regard.
There are no new bankruptcies of BDC-financed companies. We’ve been spending most of our time gathering data on the sector’s non-performing borrowers.
A very good week for the major indices but not for the BDC sector. Once again, the future course of interest rates is coming to the fore, which might affect BDC stock prices in unbexpected ways.