With BDC reporting season in full swing, there were more credit developments than usual to contend with. These include multiple downgrades and new non-accruals.
Sharply down, then sharply up – BDC prices have been all over the place. We review the latest high drama and look ahead to multiple future scenarios.
Gladstone Investment had a very good calendar IIIQ 2023 on the back of a large realized gain. Here are the highlights.
Once again Main Street Capital has announced an increase in its dividend. We analyze the BDC’s recent performance in this critical category for BDC investors.
Horizon Technology’s earnings might have seemed robust in the IIIQ 2023, but there’s less there than meets the eye and credit performance took another step down.
Hercules Capital has reported its most recent dividend. We analyze the BDC’s payout performance, its sources and discuss what the future may hold.
The BDC Reporter offers up its initial analysis and thoughts on Capital Southwest’s IIIQ 2023 results
With Ares Capital’s IIIQ 2023 results there have been a number of credit developments to contend with, as well as some other news.
The BDC rally is well and truly over as all the major markets continue their slide. We quantify the damage to date and assess where the sector stands.
We’re re-publishing the BDC Credit Reporter’s just-published credit review of Ares Capital following the BDC’s recent publication of its IIIQ 2023 results.
Out of the blue – thanks to the sale of a portfolio company – Gladstone Investment has announced a large “special” dividend.
We compare our preview of Ares Capital’s IIIQ 2023 results against its just-announced actual performance.
A long-held portfolio company of Gladstone Investment is sold for a huge realized gain.
Another BDC-financed company is slated to file for bankruptcy protection – one of multiple credit developments occurring this week.
The major stock market indices – and BDC common stock prices – were disturbed by higher bond yields and news of a strong economy. With BDC earnings season on our doorstep, what is the likely way forward?
A BDC-financed company will shortly file for bankruptcy. We place this credit setback in perspective for 2023 and within the context of the broader markets.
Golub Capital follows Main Capital in posting select preliminary results for the IIIQ 2023. The numbers suggest an encouraging performance.
Main Street reveals some key metrics for the IIIQ 2023 but a lot more is missing which leaves the BDC Reporter to draw very few conclusions.
We don’t have many credit stories to recap this week, barring one new non-accrual and an already bankrupt business switching from Chapter 11 to Chapter 7.
BDC sector prices revived this week after a mini pullback. With the end of the year already coming into view, we discuss the bull and bear case for the rest of 2023 and beyond.