This week, the U.S. and China talk trade truce and BDC stock prices jump. However, the BDC Reporter also looks at market prices since earlier in the year and comes to a different outcome. Plus, we review analyst expectations for third quarter results and what could go wrong.
We summarize how Saratoga Investment performed in its calendar third quarter ended in August, now that the earnings release, 10-Q, Investor Presentation and Conference Call transcript have been reviewed.
The IIIQ 2019 quarterly reporting will be an important one for BlackRock Capital, after a poor second quarter. The BDC Reporter offers up the 5 key issues investors should be looking for when the BDC publishes its results on October 30 and holds its Conference Call on Halloween.
Gladstone Capital issues a new Baby Bond. The BDC Reporter compares the terms with the BDC’s existing debt and with what its peers have achieved of late; analyze the impact on earnings and the leverage ambitions of the external manager. Finally, we consider how the BDC’s shareholders will fare.
The BDC Reporter discusses three key issues to look out for when Barings BDC (formerly Triangle Capital ) reports its IIIQ 2019 results. Extracted from our exclusive – and exhaustive – BDC Earnings Preview Calendar.
The BDC Reporter discusses three key issues to look out for when Solar Senior Capital reports its IIIQ 2019 results. Extracted from our exclusive – and exhaustive – BDC Earnings Preview Calendar.
While the broad stock market indices moved wildly up and down this last week, BDC Fixed Income prices did not. We discuss what did happen and review the latest developments in this still thriving corner of the Fixed Income market.
The BDC Reporter discusses four key issues to look out for when Ares Capital reports its IIIQ 2019 results. Extracted from our exclusive – and exhaustive – BDC Earnings Preview Calendar.
When the broader markets catch a cold the BDC sector sneezes, as this week proves again. Otherwise very little news but plenty to discuss where BDC portfolio companies credit troubles are concerned.
BDC earnings season is just around the corner and the BDC Reporter will be expanding and improving our BDC Earnings Preview Calendar where we offer up to our premium subscribers in-depth and unique data and insights into what to look forward to when the quarterly reports start coming in. We argue that this is a critical time to be on top of what’s happening to your favorite BDC stocks, and what could go wrong.
A publicly traded BDC portfolio company is dropping in price and impacting the fair market value of three listed-BDCs for a second quarter in a row.
Owl Rock Capital raises a third unsecured debt issue. We compare pricing and terms to existing funding and to its BDC peers and come to some favorable conclusions.
As we do every week, we discuss price trends overall and for select BDCs where publicly traded unsecured debt is concerned. Plus, we review several major capital markets developments that occurred in the week, with the promise of more to come.
A BDC winning streak comes to an end this week, but the market remains buoyant nine months into the year. Little in the way of major developments to report, but credit continues to be a source of concern “maybe not today, maybe not tomorrow, but soon”.
PennantPark Investment issues a new Baby Bond. The BDC Reporter considers the implications for the BDC’s balance sheet and analyzes the risk-return calculus for shareholders.
BDC Fixed Income prices continue to enjoy an Indian Summer price-wise, but there are very few news developments to discuss. Prices are not expected to change much in the near future but the news flow should.
In a week where BDC stocks moved up to break new 2019 records – which we discuss at length – the BDC Reporter looks down the road at the growing and changing nature of the sector.
BlackRock TCP Capital has been growing very fast of late but the second quarter 2019 results were a mixture of positive and negative metrics; reflecting the market’s ambivalent attitude to this larger BDC.
The BDC Reporter returns from listening to a top notch economist with lots of notes, and thoughts about the implications for the BDC sector. Not our usual sort of article but touching on some big issues most readers are interested in.
The last BDC to report IIQ 2019 results is the newly renamed Investcorp Credit Management BDC. We review all the key results, the outlook and the stock price to assess how the quarter went.