BDC prices are not keeping up with the red hot rally going on in the major indices and around the world. We hypothesise as to why and discuss BDC fundamentals following the release of ever more IVQ 2023 results.
We take a deep dive into Bain Capital Specialty Finance’s quarterly and full-year 2023 results and find much in the way of positive developments.
The holiday shortened week saw the BDC sector move up along with the main markets. We discuss the week’s biggest price winner and price loser and offer up our preliminary thoughts on what 2024 fundamentals might look like.
We are writing credit summaries for every BDC that has reported IVQ 2023 results. These summaries accompany one of the BDC Reporter’s top SubScriber Tools: the BDC Credit Table. We have just completed a credit update for Barings BDC. That’s 12 completed.
We review Barings BDC’s IVQ 2023 and full year financial performance and ask the key question all shareholders are asking themselves.
The BDC sector is back to its winning ways as the major indices head in the other direction. We review the metrics and then calculate – based on historical data – how much further the sector could increase in price. We also hear from a Bull and a Bear but leave ourselves the final word.
A portfolio company of Portman Ridge Financial has filed for bankruptcy. We assess the damage to the BDC and discuss Portman’s long-term performance and what the future might hold.
Investcorp Credit Management – just hours after releasing its IVQ 2023 earnings – calls them back in in a highly unusual move. We discuss one possible outcome from this fiasco.
Thanks to Seeking Alpha we know what three analysts are saying about new public BDC Palmer Square Capital. We compare those views with the BDC Reporter’s own research and views published recently.
The S&P 500 is finding new heights, but the BDC sector is being left behind. We review the latest metrics and discuss what might come next.
We look at Gladstone Capital’s just announced IVQ 2023 results from all sides and find plenty to like and only one unexpected flaw.
Republished from the BDC Credit Reporter: This “Amazon Aggregator” is in deep financial trouble and the latest valuation from one of its 9 BDC lenders has only deepened the gloom and increased the prospect of major losses up ahead.
The Fed caused the BDC sector to drop in price this week. One BDC in particular faced a price plunge but not for anything Chairman Powell said. We discuss what happened and explain why this week’s loss might be the exception rather than the rule going forward.
The BDC Reporter highlights the most interesting items to come out of Capital Southwest’s IVQ 2023 earnings conference call.
Capital Southwest – shortly after reporting its IVQ 2023 results – has reached a new 52-week high. We analyze the reasons why and speculate about how much further the price might rise.
We’re re-launching our weekly Credit Recap feature as a monthly – rather than a weekly. January 2024 has begun with three bankruptcies of BDC-financed companies and two exits.
The BDC rally continued for yet another week and there are no obvious catalysts for a change in direction. We discuss where the sector has been and could be headed to price-wise.
In Part II of our introductory review of new BDC Palmer Square Capital BDC, we forthrightly offer up our views as to its strengths and weaknesses for investors.
There’s a lot to discover about the newest public BDC – which had its IPO just two days ago. Here – In Part I – we cover all the key facts BDC readers will want to know. In Part II, we’ll offer up our opinion on what we’ve learned. Includes a correction we made about the management fee charged.