BDC News Of The Day: May 16, 2017
Premium Free Activist News Debt Investor Dividend Best IdeasAll the BDC press releases and filings listed and annotated. The only exception is OHA investment’s earnings release, which we’ll review by itself.
All the BDC press releases and filings listed and annotated. The only exception is OHA investment’s earnings release, which we’ll review by itself.
The BDC Reporter recaps the convoluted story of Hercules Capital’s proposed change of management form up to date, adding the latest twist in the tale from the “independent” directors of the Board. Like a good Broadway show, this is going to run and run.
As part of the BDC Reporter’s Daily News output, we review Great Elm Corporation’s IQ 2017 earnings.
The BDC Reporter updates the weekly movement of BDC common stocks (way down) and Baby Bonds (statue-like) and looks back at the more than year long rally in the former.
Capital Southwest’s Proxy filing tackles several issues, some of which should be important to the BDC’s shareholders including a new Chairman of the Board; manager compensation and a change in legal jurisdictions. Boring to many, fascinating to the BDC Reporter.
Not just another insider purchase story, but another step in a complex investment scheme where Medley Capital’s stock gets purchased by its Investment Advisor and investors brought in by Fortress Investment.
The BDC Credit Reporter has a brief look at a new set of data from the Restaurant Sector. The trend remains negative and a risk for BDC exposure.
Three analyst recommendations from May 10th for Main Street, THL Credit and Golub Capital, all from Raymond James and all with the word “cut” included in the headline.
BDC Reporter discusses the PSEC price drop, our projection about future distributions posted yesterday and what could go wrong for shareholders and what could go right. We lean to the wrong.
BDC News Of The Day snippets re: Solar Capital, TCP Capital, PennantPark Investment, PennantPark Floating, THL Credit and musings on BDC market direction.
We review Monroe Capital’s IQ 2017 results: Good, but credit and earnings challenges increasing.
Harvest Capital earnings reviewed. Lackluster, but no smoking gun. Stock headed south, but Baby Bond holding up.
American Capital Senior Floating performs better than one might have expected…
We discuss why Main Street Capital, Prospect Capital and Garrison Capital are down in price.
We review Prospect Capital’s latest results and come to the conclusion a major dividend cut is coming. We spell out why and leave readers to decide for themselves. No, we are not Short PSEC (but we did consider a position).
A stunning new development: a leading asset manager offers to be the Investment Advisor of Hercules Capital.
Focus on Medley Capital’s (MCC) latest earnings, and the lesson for BDC investors of all stripes.
The BDC Reporter is still catching up on News Of The Day from May 8th. Here is a review of PennantPark Investment’s earnings and 10-Q.
Virtually all the press releases and filings of the day. Too may BDCs to mention all, except Gladstone Investment, New Mountain Finance and Solar Capital.
BDC News: Medallion Financial to hold a Conference Call. Why, the BDC Reporter wonders ?