Great Elm Capital announces a share repurchase program – a popular initiative in the BDC sector in recent months. We analyze the possible impact on the BDC’s share count and stock price.
All quiet where BDC Fixed Income prices are concerned and not much new issuance. However, the BDC Reporter’s list of who might be coming to the unsecured debt markets in the months ahead is very long.
After two soft weeks the BDC sector moves up in the face of much drama at Medley and Hercules Capital and as earnings season comes to a close. Better, but not best as yet. Does the BDC rally have another level to move to ?
We annotate Harvest Capital’s IVQ 2018 earnings conference call, following a recent dividend cut caused by a shrinking balance sheet. The BDC has high hopes for the future. We are more circumspect.
Hold up ! The three company Medley merger is placed on pause again. This time the reason lies not with the U.S. government shut-down but with a Delaware judge.
The BDC Reporter finds much new information in Great Elm’s Conference Call transcript and 10-K filing, some of which may be exciting to some investors and worrying to others.
After the shocking news of the alleged involvement of Hercules Capital’s CEO in the college admissions scandal, he steps aside. We discuss – with an eye on precedent and possible alternatives – the possible impact on shareholders.
A busy week beckons for the BDC sector, with earnings season wrapping up as well as the Medley mergers. Also, the capital markets are open, but will anyone walk through the door ?
A BDC reaches a new 52 week high and trades at a premium to book.
MVC Capital has reported quarterly results ended January 2019. The BDC Reporter points out and dissects the most important items in the 10-Q and offers our ratings for the BDC’s debt and equity.
BDC Fixed Income prices continue to scratch their way higher, as we compare results against recent and longer term performance. One BDC uses the opportunity to raise unsecured debt. Will others shortly follow ?
A second week of a weaker BDC sector. We paint the picture and seek to ascertain where we are and most likely to be headed. Spoiler alert: Much hand wringing involved.
The first Conference Call of Bain Capital Specialty Finance as a public company and the first annotated transcript by the BDC Reporter.
The latest on the Medley Capital merger vote.
BlackRock Capital Investment reports its results and holds a Conference Call. The BDC Reporter annotates the transcript and questions what is going on strategically and in credit quality.
THL Credit makes a change in its dividend and compensation. The latter could have reverberations across the BDC sector.
The BDC Reporter annotates the just released transcript of Capitala Finance’s earnings Conference Call and has a different perspective on a few items.
A very busy week ahead for BDC investors including fast moving prices; eleven new earnings releases and the vote on whether Medley Capital will merge into Sierra Income. We pledge to keep readers updated as a critical week unfolds.
The BDC Fixed Income sector – like BDC common stocks – takes a break from rallying, but creates an opening for a new unsecured debt issuance.
The BDC common stock rally went into reverse in the week ended March 1. Are we done moving up or is this just a refreshing pause before finding new heights to climb ?