We are writing credit summaries for every BDC that has reported IVQ 2023 results. These summaries accompany one of the BDC Reporter’s top SubScriber Tools: the BDC Credit Table. We have just completed a credit update for Barings BDC. That’s 12 completed.
We look at Gladstone Capital’s just announced IVQ 2023 results from all sides and find plenty to like and only one unexpected flaw.
Our first news story of 2024 is about a portfolio company of Gladstone Capital, which announced what seems like a major organizational change. We tell you as much as we know.
There was one bankruptcy this week and two BDCs reported their latest portfolio valuations. We learned a great deal , and updated the BDC Credit Table with the latest data.
We compare Gladstone Capital’s latest results against our expectations and those of the analysts and are suitably impressed in every category.
We undertake a deep-dive into both Gladstone Capital and Gladstone Investment’s latest dividend announcements, their payout trends and the factors which affect them.
The BDC Reporter offers up highlights from Gladstone Capital’s latest conference call, our conclusions and an edited version of the transcript.
Following on the heels of the BDC Reporter’s annotation of Gladstone Capital’s latest earnings conference call, we’ve undertaken a full fledged credit review of this lower middle market focused BDC.
Gladstone Capital – in management’s own words – had a “solid quarter”. The BDC Reporter annotates the BDC’s latest conference call transcript and provides more “color” about recent performance and the prospect of higher earnings and distributions ahead.
Here are the key findings from the BDC Reporter’s review of Gladstone Capital’s latest conference call. All is good from an earnings and dividend standpoint – and could get better. Management, though, touches on what might go wrong…
An up day for the major indices, flat for the BDC sector. Plenty of news including an earnings release; a dividend and some big equity gains getting harvested.
BDC sector prices break out to a new 52 week high as a rally gains steam. Plus, two BDCs announce distributions and two others divulge new investments and a troubled company gets acquired.
BDC prices continue to rally for a fourth day but remain below record breaking levels. We assess where we stand. Also, a midsized BDC adds a new investment and another seeks “routine” shareholder approval to sell shares at a discount if need be.
BDC prices inched a little higher. In terms of news, there were two encouraging earnings reports; another BDC raised new equity and a new Baby Bond made its official debut. We also added two new BDCs to our coverage.
The major indices were all up in price on Thursday. So was the BDC sector, ending up just below record levels. Plus, two new BDCs reported earnings, another raised 10 year unsecured debt and another for 5 years while a third player quietly launched a new joint venture. Busy days.
