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BDC Preview: Week Of November 19 – November 23, 2018

Posted by Nicholas Marshi, BDC Reporter on Nov 21, 2018 10:30:00 AM

Whence The BDC Rally ? : Last week, the two week long BDC rally ground to a halt. Based on the Wells Fargo BDC Index for the period, the sector pulled back (2.2%). Only 9 individual BDC companies were up in price or flat, while 37 were down. Using the UBS Exchange Traded Note which invests in most every common stock in the sector – ticker BDCS – we dropped to (6.6%) down in price terms on a year-to date basis.

It’s hard to imagine a huge turnaround coming this week, what with the broad markets all in various stages of disarray. In addition, the general leveraged loan market – a kissing cousin of the BDC sector – is just coming off its lowest price point in two years, and knocking their total return to below 4%. (The Wells Fargo Index measured comparable return for BDCs is a very close 2.8%).  Then there’s the Thanksgiving break coming up with many investors more focused on turkey and family. We expect a non-eventful to lower shade on BDC prices.

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Topics: bdc reporter, News, market analytics, Fixed Income, Middle Market, business development company, BDC, Loans

BDC Common Stocks Market Recap: Week Ended November 16, 2018

Posted by Nicholas Marshi, BDC Reporter on Nov 21, 2018 8:30:00 AM

BDC Common Stocks

Two Weeks Forward. One Week Back

The BDC common stock winter “rally” took some time off this week, after two weeks of upward momentum.

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Topics: bdc reporter, News, market analytics, Fixed Income, business development company, BDC, Loans, Middle Market

Full List of Public Business Development Companies (BDC)

Posted by Alex Buzby on Nov 20, 2018 8:00:00 AM

Below is the full list of public Business Development Companies found in AdvantageData's BDC Advantage. This post was originally published on October 18th, 2016. The contents on this post, and the business development companies herein, have been updated with the latest information available as of November 19, 2018.

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Topics: BDC, Middle Market, business development company, BDC Filings, Fixed Income, Loans

Levfin Insights BDC Portfolio News 11-13-18

Posted by Thomas Dunford on Nov 13, 2018 4:18:22 PM

Popular BDC holdings Global Tel Link, Sorenson aim to widen 1L margins; several credits up for add-ons appear in Barings BDC’s portfolio

A deluge of earnings took center stage last week and while results inevitably spurred a number of notable downside movers, the tone in the broader leveraged finance market slowly improved over the course of the week, opening the door for new opportunistic business such as Bausch Health’s latest refinancing effort. Among the week’s biggest earnings-related standouts were Air Methods, Akorn and Revlon.

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Topics: News, LevFin Insights, Fixed Income, BDC Filings, Finance, market analytics, Analytics, Middle Market, Loans, business development company

BDC Preview: Week Of November 12 – November 16, 2018

Posted by Nicholas Marshi, BDC Reporter on Nov 13, 2018 9:10:57 AM

MARKET RALLY MARCHES ON ? : The BDC sector – as measured by the BDC Wells Fargo Index – was up 2.7% last week, reflecting a broad based rally across the 45 public companies tracked. That was the second week in a row that the BDC sector headed up in price, following 5 consecutive weeks of descent that ended the prior rally which had begun in March 2018.

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Topics: bdc reporter, News, Fixed Income, BDC Filings, Finance, market analytics, Middle Market, Loans


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