BDC sector prices came roaring back after Thursday’s sharp drop. Otherwise, though, there was little news except that credit conditions continue to improve.
BDC prices – but not the major indices – hit an air pocket. We speculate as to the reasons and explain why we’re not sweating – yet. We also mention some miscellaneous BDC news.
We undertake an in-depth review of Apollo Investment’s portfolio and a multitude of underperforming companies. The BDC Reporter names names and projects what likely ultimate losses might look like.
For a second day, both the major indices and BDC sector prices pull back. Also a larger BDC issues new debt at a very low yield while a peer redeems its Term Preferred, plus another BDC discloses insider ownership
BDC sector prices – and almost every stock – dropped with all the major indices on Tuesday. Otherwise, a popular BDC announced several new investments and the leading BDC received a shareholder nod.
The S&P 500 and the Dow hit new heights but the BDC sector took a step back. Also, one BDC under new management reported intriguing results while another booked a new investment.
Both the major indices and the BDC sector quietly broke new records this week. We review the data and look forward, both in the short and medium term, to what is most likely to happen next.
BDC prices move up for a third day; close on the heels of the major indices. Also we discuss Crescent Capital’s earnings challenge and two developments at Gladstone Investment.
The BDC Reporter uses Bain Capital’s IIQ 2021 conference call transcript to point out the challenges facing the BDC, heavily subsidized by its investment advisor.
The broad indices and BDC sector prices were relatively muted on Wednesday. However, there were two important moves in the BDC fixed income arena getting underway.
BDC common stock prices mostly moved up on Tuesday. We discuss the backstories of several players posting higher prices.
Following its merger and surprise dividend increase, the BDC Reporter annotates the second largest BDC’s IIQ 2021 conference call transcript. Has the BDC undergone a permanent shift for the better or not ?
Neither the major indices nor the BDC sector moved much price-wise, but there was important news about earnings, dividends and financing costs at 3 players.
BDC sector prices rise late in the second week of earnings season, pushing almost everyone into the black. We summarize what has been happening with three quarters of BDC players reporting, and peer into the next quarter and next year.
After two days in the dumps, BDC prices rebounded sharply on Thursday, as earnings season trundled on.
BDC prices are soft for a second day. Also – with earnings season at the halfway mark – the BDC Reporter seeks to draw out some of the main sector trends and what that means for BDC performance going forward.
The S&P hit a new high, but the BDC sector dropped. Leading the news – despite multiple earnings releases – was the decision by one BDC to quit and become a national bank.
The new month/week began with a modest BDC price rise. However, there was shocking news from one of the most popular – and idiosyncratic BDCs – out there just as earnings season shifted into high gear.
The BDC Fixed Income Recap is back in a monthly format. We review the latest sector prices for unsecured debt; the number of issues and issuers and what’s been happening.
This was a consequential week that included the month end and the beginning of earnings season. Nonetheless, BDC sector prices barely budged. We discuss why there’s a strong possibility that might change shortly.