We annotate the Crescent Capital IQ 2021 conference call transcript after first reviewing the investor presentation, earnings release and 10-Q. We find a BDC still very much betwixt and between.
Only a couple of news developments in the BDC sector to discuss, but there was plenty of movement where common stock prices were concerned.
The BDC Reporter’s daily Market Agenda is back after a brief hiatus, reviewing last Friday’s biggest news and what is coming up.
Stellus Capital had a “solid” IQ 2021 and more of the same seems to be forthcoming in the quarters ahead.
Price-wise, the BDC Fixed Income sector barely budged during an otherwise hectic week. However, two new offerings leave open the prospect of even more changes to the composition of the sector.
BDC sector prices went on a roller coaster ride and ended up (almost) in the same place. We discuss what did – and did not – happen during a wild week for the markets.
The BDC Reporter annotates Great Elm Capital’s most recent earnings conference call, and wonders whether the BDC is headed in the right direction.
The BDC Reporter provides a brief update on what we’ve been working on as sector prices have tumbled for three days in a row. We will be on vacation for a few days but will continue to publish several new annotations of BDC conference calls. .
Oaktree Specialty Lending announces a large unsecured note offering at a low yield. We review the implications for the BDC and its shareholders.
The BDC Reporter annotates Goldman Sachs BDC’s IQ 2021 conference call transcript and reviews earnings, credit and what’s to happen to the distribution.
The median price of public BDC debt moved down on the week, but not far. We also discuss what we learned from BDC conference calls about the outlook for multiple debt issues.
BDC stock prices held up well in week two of earnings season. We review the top winners and losers and project what prices might go next.
The BDC Reporter annotates Barings BDC’s IQ 2021 conference call in a quarter where the BDC reached a much awaited ROE target for the first time.
The BDC Reporter contends with an avalanche of BDC earnings reports, but notes very few setbacks. Market prices revive on the general optimism.
Just as BDC earnings season heats up, several other developments occur just as sector prices slump…
The BDC sector is getting busy with earnings releases, amended financing arrangements and credit developments. Most of the day’s update is devoted to what we’ve learned – or otherwise – from Capitala Finance’s earnings and conference call.
The second week of BDC earnings season is about to begin but the headline as of Monday morning relates to a new private unsecured debt offering and the upcoming redemption of a public Baby Bond.
The BDC fixed income sector continues to reach new price heights, but the future for BDC public debt is in doubt.
Week One of BDC earnings season saw the sector’s price rally continue. We discuss price highlights; discuss dividend policies and what’s coming next.
Another record price level for the BDC sector, and two more BDCs report earnings.