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BDC Common Stocks Market Recap: Week Ended August 16, 2019

Posted by Nicholas Marshi, BDC Reporter on Aug 20, 2019 11:51:41 AM

BDC COMMON STOCKS

Up And Down And Across

The week ended August 16, 2019 was a volatile one for the broader markets.

The Dow Jones – by way of example –  had its worst day of the year on August 14, 2019.

Yet, when the dust settled by week’s end, the S&P 500 was down “only” (1.03%).

Still, that 3 weeks in a row to the downside, off (4.59%).

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Topics: Loans, Analytics, BDC, market analytics, business development company, News, bdc reporter, research

Alcentra Capital To Be Acquired By Crescent Capital BDC

Posted by Nicholas Marshi, BDC Reporter on Aug 14, 2019 3:49:39 PM

NEWS

On August 13, 2019  Alcentra Capital  (ABDC) and  Crescent Capital BDC  (“Crescent Capital”) announced “a definitive merger agreement under which Crescent   BDC   will acquire Alcentra Capital”.

The proposed merger – if approved – will result in non-traded Crescent Capital to apply for a public listing on NASDAQ and trade under the ticker CCAP.

The Form 8-K describing the highlights of the transaction is attached.

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Topics: Loans, Analytics, BDC, market analytics, business development company, News, bdc reporter, research

BDC Common Stocks Market Recap: Week Ended August 2, 2019

Posted by Nicholas Marshi, BDC Reporter on Aug 5, 2019 9:42:31 AM

BDC COMMON STOCKS

Schizophrenic

In a week where BDC common stock prices should have been all about the results coming out of the first week of earnings season, there were other forces at play.

The Fed cut rates in the most telegraphed move since the invention of the telegraph itself and the Trump Administration returned to tariff wielding.

Without getting into the whys, the result was that the major indices fell out of bed – again.

The S&P 500the Nasdaq and the Dow Jones indices were all off between (2.5%) and (3.8%).

For the S&P, this was the worst week of 2019 and all the major indices dropped below their 50 Day Moving Averages, according to CNBC.

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Topics: Loans, Analytics, BDC, market analytics, business development company, News, bdc reporter, research

BDC Common Stocks Market Recap: Week Ended July 26, 2019

Posted by Nicholas Marshi, BDC Reporter on Jul 30, 2019 1:25:02 PM

BDC COMMON STOCKS

Range Bound

We’re committed to writing a weekly assessment of where the BDC common market stands because a lot can happen in a short time.

Miss the signals of a change in market direction and investors can fall behind/miss out in just a few days and not have another opportunity for months or even years.

We don’t have to look far back in time for a helpful example.

Between December 24, 2018 and January 10, 2019 BDCS – our proxy for the sector – moved up more than 10%.

That’s a whole year of dividend income in 12 business days.

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Topics: Loans, Analytics, BDC, market analytics, business development company, News, bdc reporter, research

BDC Common Stocks Market Recap: Week Ended July 19, 2019

Posted by Nicholas Marshi, BDC Reporter on Jul 23, 2019 10:09:20 AM

BDC COMMON STOCKS


All Together Now

The week was not a good one for the major indices, all of which were down in the period. The BDC sector was not spared, with both indicators we use for price and total return in the red.

The UBS Exchange Traded Note, which includes most every public BDC – with the ticker BDCS – was off (0.25%). Likewise, the all-inclusive Wells Fargo BDC Index was down by (0.74%).

Thirty one individual BDC issues dropped in price, and just fourteen were unchanged or increased. The week before 28 issues had increased in price and 37 the week before that.

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Topics: Loans, Analytics, BDC, market analytics, business development company, News, bdc reporter, research


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