BDC common stocks are up for a second week after a May Day stutter. The rally grinds on, but is there enough investor enthusiasm to keep going ?
Here are some of the latest developments amongst under-performing BDC companies since our last report filed April 22, 2019
Highlights from the Ares Capital IQ 2019 Conference Call.
Oxford Square reports results in line with analyst and BDC Reporter expectations, but there are a couple of unexpected items and a few questions that await the filing of the 10-Q for answers.
Here’s the BDC Reporter’s “cheat sheet” for anyone interested in Oxford Square’s about to be announced earnings. Part of the recently expanded BDC Calendar series.
BDC Fixed Income prices continue to creep up and are much improved in 2019. However, new debt issuance has been modest this year. We discuss the reasons why and look to the upcoming BDC earnings season for more insights.
The BDC common stock sector has a good week where prices are concerned but the BDC Reporter places the uptick in a longer term context.
With IQ 2019 earnings season, the BDC Reporter upgrades the Earnings Calendar with all sorts of information useful in evaluating the latest results and re-publishes our Preview for market leader Ares Capital.
A selection of credit developments at well performing BDC portfolio companies during the week ended April 19, 2019.
A round-up of news developments at under-performing BDC companies for the week ended April 19, 2019.
The BDC Reporter highlights what lies ahead for the week, starting with Medley and ending with BDC credit.
From a price standpoint, only a small move in BDC Fixed Income prices in this shortened week. However, Main Street’s new unsecured debt was an important development in a much larger liability management and earnings story.
A shortened market week and a BDC sector headed nowhere. Will the weeks ahead offer more of the same ?
The BDC Reporter compares what actually occurred versus what we projected in our BDC Preview in a holiday shortened week.
Fidus Investment is awarded a new SBIC license. We discuss the details and the implications for the balance sheet and earnings of this lower middle market focused BDC.
Dissident shareholder FrontFour agrees a term sheet with Medley Capital and gets to appoint two directors to the Board. The BDC Reporter dissects the press release announcing this dramatic twist in the Medley story.
On paper, the Medley merger vote should be the biggest BDC news of the week, but we have our doubts if things will go as planned. Otherwise, we’ll continue to track BDC market prices for a sense of direction; look to the capital markets for debt issues and track credit troubles across thousands of BDC portfolio companies.
For a third week, BDC Fixed Income prices are moving up and have essentially wiped out unrealized losses incurred in late 2018, and better. However, the capital markets for BDC unsecured debt were deadly quiet in these last 5 business days.
The BDC sector was a quiet place in this past week. We look at the latest numbers but also take a medium and long term perspective when considering what the future might hold.
As the week comes to an end, the BDC Reporter compares what actually occurred versus what we projected in our BDC Preview.