The BDC Reporter reviews Saratoga Investment’s latest results and discusses the long term outlook for the successful lower-middle market focused BDC.
Over the past two days BDC sector prices have dropped, but not very far. Also one BDC has reported earnings and two others provided previews of second quarter activity.
BDC prices barely budged after the holiday. However, there was a spate of important and not-so-important news items which the BDC Reporter has noted and analyzed.
A deafeningly quiet week where BDC fixed income prices and news is concerned. We use the opportunity to look back on what has changed in the first half of 2021 in this segment of the market.
Just beyond the 2021 halfway mark, BDC prices are still flying high. We compare and contrast with other markets and peer forward into the second half of the year, offering the BDC Reporter’s best guess.
As July began, BDC stock prices rose, with one mid-sized BDC leading the way. Also, a BDC changes its name,ticker and manager; a leading BDC amends its debt and another prepares to raise fresh capital. We also discuss ever improving credit conditions and what that might mean when IIQ results come out.
The BDC sector reaches mid-year 2021 in good shape where prices are concerned. We discuss the latest data to provide context. Plus, we discuss the divvying up of a new portfolio investment by a venture-debt BDC.
For a third day in a row, BDC stock prices dropped. Time to worry or just noise ? We discuss, as well as point out a potential capital offering that might be headed this way by a venture-debt BDC.
Nothing much happened on Monday to BDC common stock prices. However, there were a few news developments for the BDC Reporter to discuss.
BDC fixed income prices were unchanged but the number of public unsecured debt issues changed during the week. So did the BDC Reporter’s estimate of what the unsecured debt landscape might look like at year’s end.
BDC common stocks were in rebound mode this week, leaving the sector very close to its 2021 highest heights.
BDC prices moved up marginally on Thursday. Moreover, we cover a new private placement and public Baby Bond repayment; an amended revolver and discuss an analyst’s recommendation.
BDC sector prices went nowhere, and volatility was low on Wednesday. However, the BDC Reporter found several news and credit stories to write about you probably won’t find covered anywhere else.
BDC common stock prices, after a drop and an increase, flatline on Tuesday. We also review a new BDC portfolio company and say good-bye to a Baby Bond on a quiet day all around.
BDC investors are an indecisive bunch, pushing up prices sharply after last week’s decline. We discuss the principal winners on the day. Also on the docket: a new CFO for two BDCs and the post-facto capital structure at Great Elm Capital after a Baby Bond offering.
BDC fixed income prices were unaffected by the turmoil in the stock market this week. In fact, a new public Baby Bond was issued, part of a developing trend that is changing risk and return across the industry.
After months of seemingly uninterrupted higher prices, the BDC sector – and virtually all of its constituent players – headed lower. We review the metrics, put the move in perspective and peer into a suddenly uncertain future.
BDC common stock prices drop sharply, and almost across the board. Still, a BDC launches a new Baby Bond and repays an existing issue. We review the implications for both shareholders and debt holders.
This was a historic day as two huge BDCs merged. We review some of the implications for the sector and the shareholders involved. Overall BDC stock prices returned to their winning ways after a one day hiatus.
BDC sector prices dropped moderately on Tuesday, but remain close to their 52 week high. Also, a small BDC returns to the public unsecured debt market while another undertakes a recapitalization of a successful portfolio company.