A bad week for the major indices, but a modest uptick for the BDC sector. Still, the BDC sector remains in the doldrums, reflecting investor pessimism.We are more bullish on fundamentals. Somebody is wrong.
A Cion Investment portfolio company is getting ever deeper into credit trouble. We re-publish an article from the BDC Credit Reporter.
As recently promised, SLR Investment is setting up a joint venture with a financial partner to invest in loans. We review what details are, and are not, available.
Check out the latest BDC news developments.
Notwithstanding the gloomy market conditions, the parade of BDCs announcing higher distributions of late continues with Gladstone Investment.
We’ve undertaken an in-depth credit review of Saratoga Investment’s credit portfolio through the end of August. Our summary: Pretty, pretty good.
After a terrible September, BDC prices rose early in October – only to drop later in the week. We review the numbers and where the BDC market stands forty one weeks into 2022.
The BDC Reporter experiments with a new format for analyzing and commenting on a BDC’s earnings conference call. We begin with Saratoga Investment who reports one month before the rest of the BDC sector.
Stellus Capital reports its final dividends for 2022. This is an opportunity to review what the outlook for the BDC’s might look like in the year(s) ahead, even in the face of a prospective recession.
With a few days delay because of website difficulties, here is our weekly recap of how BDC common stocks performed. The first headline says it all: Catastrophic. Still, there’s more to this story, as we discuss.
The BDC Reporter is back online after a several day crash. We explain and offer our sincere apologies and detail what we’ll be publishing next.
The external manager of a leading BDC is taking on two minority partners. We speculate what this might mean for the BDC’s shareholders now or later.
Saratoga Investment has received a third license from the SBA to issue SBIC debentures. We explain why this is a feather in the cap for the BDC.
A very bad week for BDC stock prices – and everything else – was very similar to what happened three months ago. Also, we discuss why we’re more sanguine than the market about the BDC credit outlook.
Given the gushing of red ink on Thursday September 22 for both BDC common stocks and bonds, we’re re-publishing what we wrote about the day’s market performance as a stand alone article. Hopefully, this will be a rare occurrence.
Carlyle Secured Lending has just quietly announced the departure of both its CEO and President. We review what we know.
Yet another BDC raises its regular distribution. This time it’s Capital Southwest. We discuss the background to this second increase in so many quarters and what might happen next to the BDC’s payout.
New-ish BDC Trinity Capital has continued to expand and remains optimistic about the sector as discussed – amongst other issues – on its IIQ 2022 earnings conference call.
A bad week for all the indices – including the BDC sector, which is closing in on its June 2022 lows. But do these lower prices reflect real investor concern or positioning ?
On the same day the BDC Reporter wrote an article about Trinity Capital, its CEO gave an interview about the venture-debt BDC, its strategy and outlook.