Ares Capital: Stalwart BDC Keeps Rolling Along With A Solid Q1 Result
Ares Capital delivered a solid 2.1% total NAV return in Q1, trading at a 9.4% dividend yield and a 3% premium to book. Core net investment income dropped to $0.50, with GAAP NII steady at $0.54; dividend coverage fell to 104%, but the dividend remains stable. Portfolio quality remains stable with non-accruals at 0.9% and a diversified portfolio; leverage is low but may rise as lending opportunities increase.
Blue Owl Capital: Buy This BDC For 10%+ Yield And A Discount To NAV
The Fed's expected rate cuts will make companies trading at a discount to NAV with high yields, like OBDC, more attractive. OBDC's merger with OBDE enhances its portfolio, operational savings, and NII, positioning it for strong future performance despite recent share declines. OBDC's substantial NII and trading at a -9.45% discount to NAV offer a compelling investment opportunity with a 12.55% dividend yield.
Sixth Street Specialty Lending: A BDC Worthy Of Your Capital
Trump's tariffs have escalated into a U.S.-China trade war, creating a riskier environment for BDCs, likely impacting their portfolio performance. TSLX's strong portfolio, focused on first-lien debt and diversified investments, positions it well to handle economic downturns and non-accruals. TSLX's internal performance ratings are outstanding, with 94.5% of the portfolio raising no concerns and non-accruals at a manageable 1.2%.
Chicago Atlantic BDC, Inc. (LIEN) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
CHICAGO ATL BDC (LIEN) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Is the Options Market Predicting a Spike in Belden (BDC) Stock?
Investors need to pay close attention to Belden (BDC) stock based on the movements in the options market lately.
Golub Capital BDC At A Discount You've Been Waiting For
GBDC's valuation dropped due to Trump's tariffs, making it a potentially attractive investment despite a riskier economic environment. GBDC's high first-lien debt exposure and manageable non-accruals make it a quality BDC, though not as strong as BXSL or MSDL. Lower interest rates could benefit BDCs by improving liquidity and reducing non-accrual risks, contrary to popular belief.
Oaktree Specialty Lending: Staying Away From This BDC For The Remainder Of 2025
Oaktree Specialty Lending (OCSL) faces vulnerabilities including weak dividend coverage, portfolio concentration, and negative impacts from tariffs. OCSL's portfolio is heavily concentrated in Software & Services, and rising non-accruals indicate worsening borrower performance, exacerbated by high interest rates. Despite trading at a significant discount to NAV, OCSL's declining NAV and increasing non-accruals suggest ongoing financial instability and potential further downside in 2025.
BDC Weekly Review: BDCs Are Taking Advantage Of Wider Spreads
We take a look at the action in business development companies through the fourth week of April and highlight some of the key themes we are watching. BDCs saw a 3% total return last week, with the median valuation improving from a 20% to a 10% discount. Rising credit spreads present both challenges and opportunities for BDCs, enabling them to reinvest at wider spreads due to high portfolio turnover.
Belden Inc. (BDC) Q1 2025 Earnings Call Transcript
Belden Inc. (NYSE:BDC ) Q1 2025 Earnings Conference Call May 1, 2025 8:30 AM ET Company Participants Aaron Reddington - VP, IR Ashish Chand - President and CEO Jeremy Parks - SVP and CFO Conference Call Participants William Stein - Truist Securities David Williams - Benchmark Aman Gupta - Goldman Sachs Rob Jamieson - Vertical Research Partners Steven Fox - Fox Advisors Operator Ladies and gentlemen, thank you for standing by. Welcome to this morning's Belden Reports First Quarter 2025 Results.
Belden (BDC) Tops Q1 Earnings and Revenue Estimates
Belden (BDC) came out with quarterly earnings of $1.60 per share, beating the Zacks Consensus Estimate of $1.48 per share. This compares to earnings of $1.24 per share a year ago.
Barings BDC: Not The Best Investment Despite The 11.7% Dividend Yield
BBDC provides investors with a 12% dividend yield, but has underperformed compared to other BDCs, which results in a "HOLD" recommendation. The stock value of BBDC has dropped substantially since 2013, which resulted in unimpressive total returns, even though the company maintained steady dividend payments. The company faces two major issues: its debt-to-equity ratio of 1.22x and its stock price discount relative to NAV.
BDC Weekly Review: Q2 Guidance Starts To Trickle In
We take a look at the action in business development companies through the third week of April and highlight some of the key themes we are watching. BDCs rallied with a 4% gain over a holiday-shortened week, though the sector remains down month-to-date, with GAIN outperforming. Q1 guidance is coming in: MAIN expects a record NAV, while CSWC anticipates a 14% drop in NII but a slight NAV increase.
