Like all the major indices, the BDC sector dropped in the week ended March 11, ending up in the red for 2022. Nonetheless, the BDC Reporter offers up an optimistic outlook for the rest of 2022.
First Eagle Alternative Credit had “a productive ” quarter and year. The BDC’s conference call – which we’ve annotated – discusses the details and looks forward. Will there be a return to the halcyon days ?
The markets continue to bounce around- dropping again on Thursday and bringing the BDC sector along. Two BDCs reported results and provided updated credit metrics. BDC earnings season is all but over.
Records were broken amongst the major indices on Wednesday, but not for the BDC sector. Also, a venture-debt BDC issued new stock in a contrarian move.
We undertake a deep dive into Capital Southwest’s investment portfolio, with a focus both on the underperformers and the upside opportunities to realistically assess what net book value will look like over time.
The markets remained jittery about the impact of higher oil but the BDC sector settled down into a wait-and-see stance. Otherwise, a BDC just upped its dividend forecast by 15%.
Monday was a tough day for investors and the BDC sector was not spared this time. We review what happened to the sector and individual stocks. Looking forward, we admit to a change in sentiment.
Great Elm Capital suffered a major setback in the IVQ 2021, resulting in major changes in the BDC’s management, strategy, dividend and future capital structure. We discuss everything that has happened and illuminate the way forward.
The major indices fell in week two of the war in Ukraine, but the BDC sector moved up. Individual BDC stock activity was higher than usual, including one player whose price crash and burned.
The major indices fell back on Ukraine concerns, but the BDC sector held strong. We update earnings, NAV Per Share and credit results from two BDCs reporting IVQ 2021 results.
After dropping sharply on Tuesday, the major indices – and the BDC sector – moved up sharply on Wednesday. Many BDCs reported a raft of results, which the BDCs Reporter has been inputting into our proprietary data tables.
The markets – and the BDC sector – remained unsettled by the conflict in Ukraine. Also, 3 BDCs reported results. We provide some highlights and look at what we learned about their credit status. One BDC in particular requires further credit investigation.
The markets remain unsure what to do in the current climate but the BDC sector moved upward. Three BDCs reported results and announced distributions; a major merger was consummated and new unsecured debt raised on a busy day.
A historic week in Europe did not impact the BDC sector much. We run the numbers and take a look at what might happen in the rest of 2022 at a very difficult time for crystal ball gazing.
The BDC Reporter annotates TCG BDC’s earnings conference call transcript, following a successful 2021.
On the first day of war in Europe, investors first despaired and then changed their minds. Also, two BDCs reported results and another announced a distribution.
War in Eastern Europe is now certain and the markets are worried, including the BDC sector. We take a snapshot of where the sector stands. Still, BDC earnings season marches on regardless.
The crisis in Ukraine impacted all the major indices and the BDC sector on Tuesday. Also, two BDCs reported strong results and changes in their distributions. Plus, an underperforming BDC portfolio company is back in the news.
For a second week in a row both the major indices and the BDC sector fall back at the prospect of war in Europe. The BDC Reporter offers details.
The BDC Reporter annotates Sixth Street Specialty’s IVQ 2021 conference call transcript following a very fruitful year. Much is discussed, including the prospects for 2022 in a year where short term rates are expected to soar.