With one major quibble, Ares Capital’s IIQ 2024 performance was solid – and encouraging – across the board.
Days away from earnings season, BDC prices moved in a mostly favorable direction, notwithstanding the drama going on elsewhere in the markets. We also discuss what might be expected from the first 8 BDCs to report.
It’s done! The merger of two closed-en funds into MidCap Financial has been completed. We’re learning some of the financial consequences for the BDC – some good, some not so much.
As we anticipated in our prior Recap, BDC prices fell sharply this week. Is that the death knell of the nearly two-year long BDC rally we hear or just another head fake by a jittery market?
Oaktree Specialty Lending’s stock price just reached a low point. We consider what factors might be weighing on investors minds.
For the first time in a while, a BDC – Trinity Capital – has tapped the publicly-traded Baby Bond market for its financing needs. We discuss recent trends and the challenges facing both Trinity Capital and the rest of the sector.
PennantPark Investment’s stock price began the week by cratering. We look at the reasons why and evaluate if the market reaction was “appropriate”.
Interest rates – finally – seem set to drop shortly. This pushed the major indices to new highs. A little surprisingly, BDC prices rose as well. What comes next?
Gladstone Investment’s business strategy is different than most other BDCs and requires a different analytical approach. The bottom line, though, is that the BDC appears to be performing as one would have expected.
After reviewing performance over the holiday week, the BDC Reporter debates both the BDC Bulls and BDC Bears about how the future might play out. As they say: “It’s Complicated:”.
We take an in-depth look at one of the BDC sector’s worst performing BDCs of the past two years: TriplePoint Venture Growth. We hoped to find signs in the IQ 2024 results that a reversal of fortune might be in the cards.
The end of month, end of quarter BDC price data was confusing – if not misleading. However, if we look back a little further, some market trends are clear – both positive and negative for BDC investors.
Gladstone Capital had both good news and not-so-great news to report in its IQ 2024 results but the BDC generally met expectations but there is some devil to be found in the details.
The S&P 500 continues to climb but the BDC sector cannot keep up. For a second week in a row, we wonder if the BDC sector has come off the boil.
We tackle the complicated subject of FS-KKR Capital’s recent performance and whether this huge BDC is turning the credit corner after years of poor performance.
Fidus Investment – whose performance bar has been set very high in recent years – continues to meet expectations in almost every way.
This week may have seen BDC prices at their peak of the year but maybe not. We review the metrics and hypothesize as to why prices dropped even as the major indices charged ahead.
CION Investment – which trades at a big discount to book – had a very good IQ 2024. We discuss what’s happening.
Carlyle Secured Lending out-performed our expectations in the IQ 2024, mostly for one specific reason.
The major indices out-performed the BDC sector this week but the rally marches on. This week, though, we take a deeper look at the worst performing BDC stocks.