Fidus Investment: A Clear BDC Bargain To Buy Now
FDUS continues to deliver superior returns, while the overall sector is struggling. The recent quarter shows both earnings and NAV growth, which for an average BDC is not that common anymore. Curre...
BDC Weekly Review: Tight Spreads Keep A Lid On Net Income
We take a look at the action in business development companies through the first week of August and highlight some of the key themes we are watching. BDCs underperformed despite strong early earnin...
Palmer Square Capital BDC: Q2 Earnings Indicate Limited Positive Catalysts (Rating Downgrade)
I am downgrading Palmer Square Capital BDC to a more cautious stance, due to persistent NAV declines, dividend cuts, and heavy reliance on debt for growth. PSBD's portfolio is defensively structure...
Golub Capital BDC: I'm Not Buying Anymore
I am downgrading Golub Capital BDC to 'hold' due to declining net investment income and the risk of a potential dividend cut. While Q3 2025 earnings beat expectations, income barely covers the divi...
BDC Weekly Review: Q2 Credit Spread Tightening Bodes Well For NAVs
We take a look at the action in business development companies through the third week of July and highlight some of the key themes we are watching. BDCs outperformed most income sectors so far in J...
Gladstone Investment: A Higher Risk BDC With Upside
I'm overweighting Gladstone Investment for its equity-driven returns, benefiting from a strong stock market and potential $1B+ investment portfolio milestone. GAIN's unique equity orientation and f...
Crescent Capital BDC: Unfairly Discounted With Income
Crescent Capital BDC trades at a 26% discount to NAV, which I believe is exaggerated and presents a re-rating opportunity. Despite a rising non-accrual ratio and higher payout, the dividend appears...
BDC Shuffle: The Stock To Drop And The Stock To Shop
BDCs have performed unexpectedly well this year. Despite the growing uncertainty in the system and high probabilities for incremental base rate cuts, the BDC index is up on a YTD basis. This is not...
Goldman Sachs BDC: Huge Discount Doesn't Justify A Buy Rating
Goldman Sachs BDC's recent quarters have disappointed, with declining earnings and NAV, justifying my continued Hold rating despite attractive yield and discount. Dividend cuts, rising non-accruals...
Strength Seen in Belden (BDC): Can Its 3.6% Jump Turn into More Strength?
Belden (BDC) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in...
Ares Capital Is My Largest BDC Holding For A Reason
ARCC remains my largest BDC holding due to its resilience in uncertain times and diversified, high-quality portfolio of sizeable businesses. The company's lower exposure to floating-rate debt and m...
BDC Weekly Review: Should We Trust BDC NAVs?
We take a look at the action in business development companies through the first week of July and highlight some of the key themes we are watching. BDCs delivered a strong 3% total return this week...
Barings BDC, Inc. Announces Conference Call to Discuss Second Quarter 2025 Results
CHARLOTTE, N.C.--(BUSINESS WIRE)--Barings BDC, Inc. (NYSE: BBDC) (“Barings BDC” or the “Company”) announced today that it will report its financial results for the second quarter ended June 30, 202...
BDC Weekly Review: State Street Reboots Its Private Credit Effort
We take a look at the action in business development companies through the fourth week of June and highlight some of the key themes we are watching. BDCs remain attractively valued, with sector val...
BDC Dividend Cut Storm Likely Ahead
High-income investors face limited options for sustainable, high-yield investments, with traditional asset classes often highly correlated and yields rarely exceeding 7-9%. Business Development Com...
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