BDC News Of the Day: Medley Seed Funding I, LLC continues to buy large positions in Medley Capital. The BDC Reporter seeks to “follow the money”.
Newtek Business Services gets a rating change. The stock price drops.
BDC News Of The Day: Capitala Finance completes Convertible Note offering.
BDC Daily News: Main Street Capital buys shares for its insiders. We briefly discuss officer compensation on the same day as a similar review of Hercules Capital is undertaken.
BDC News Of The Day: We review Hercules Capital’s Restricted Stock Unit awards filed May 23 and briefly discuss officer compensation levels.
The BDC Reporter had an opportunity to speak with Great Elm Corporation’s management about some unresolved issues from the latest Conference Call. Here is the update.
BDC News Of The Day: Alcentra reports what insider ownership looks like after the completion of a big sale on May 22.
BDC News Of The Day: Ares Capital reports results of recent shareholder votes.
Late in the day on May 22, 2017 Ares Capital announces its intention to redeem “expensive” Unsecured Notes.
Two Solar BDCs announce the unsurprising results of their annual shareholder votes.
In a BDC News Of The Day item, Capitala Finance is raising new capital through a public Convertible offering, less than 2 weeks after issuing a new Baby Bond.
BDC News Of The Day reports on “huuuuge” insider purchases at Medley Capital.
In BDC News Of The Day, we report on American Capital Senior Floating’s just announced shareholder vote on its new Advisory Agreement with Ares Capital, the name of the BDC notwithstanding.
Week 20 of the BDC Market Recap. Common stocks take a deep breath and Baby Bonds send out contradictory signals.
With a little delay BDC News Of The Day reviews Apollo Investment (AINV) after FY 2017 earnings, the 10-K and the Conference Call transcript are released. Unfortunately, the BDC Reporter is not convinced the stability of book value, earnings and distribution that the Investment Advisor and shareholders crave can be counted on.
The BDC Reporter finally gets round – with a day’s delay – to reviewing Alcentra Capital’s equity raise and sale. We look less at the details of the equity secondary and more at the many changes going on at the smaller-sized BDC “owned” by the Bank Of New York and come away “disconcerted”.
The BDC news load is getting lighter…Insider purchases at PennantPark Investment and Main Street and a management change at Apollo Investment. Speaking of the latter, look for our pending review of the latest earnings.
Most of the BDC News Of The Day except Alcentra Capital’s equity raise. We review insider purchases and sales at Medley Capital, Capital Southwest and Prospect Capital; review the fruit of MVC’s “financial engineering”; glance at Gladstone Capital’s presentation and more…
We review OHA Investment’s latest earnings, 10-Q and Conference Call and come to a dark conclusion about the future of the smallest, most troubled BDC we track