Fidus Investment: A High-Yield BDC With Dividend Coverage And Growth
Fidus Investment offers a compelling investment with a high dividend yield of 8.6%, comfortably covered by net investment income and strong liquidity. The company's net asset value has shown substantial growth, indicating robust investment performance and dividend stability, with a YoY increase of 11.8%. Fidus' diversified portfolio, primarily in First-Lien Debts, and a fair value of $1.1 billion, support its financial health and investment potential.
Goldman Sachs BDC: Is This 14% BDC Yield Risky?
Goldman Sachs BDC offers a high 14% yield and trades at a 4% discount to NAV, making it an attractive buy. The BDC's dividend is well-covered by net investment income, with a 78% payout ratio in 3Q24, ensuring dividend sustainability. Improving non-accrual ratio and strong gross originations highlight Goldman Sachs BDC's solid portfolio performance and potential for capital appreciation.
Gladstone Investment: High And Reliable Monthly Income BDC With Strong Fundamentals
Gladstone Investment has been one of my favorite monthly income plays in the BDC sector since late 2023. While the returns have been slightly below sector average, the base dividend has become even safer and the price appreciation potential has also improved. In this article, I explain in detail why after recent earnings report, GAIN, in my view, could be still deemed as an attractive monthly income investment.
BDC Weekly Review: Capital Southwest Investors Didn't Like The Earnings
We take a look at the action in business development companies through the first week of November and highlight some of the key themes we are watching. BDCs pulled back around 2% along with other higher-beta income sectors. Investors did not like CSWC results, with the stock 7% lower from prior to the report.
Belden (BDC) is on the Move, Here's Why the Trend Could be Sustainable
Belden (BDC) could be a great choice for investors looking to make a profit from fundamentally strong stocks that are currently on the move. It is one of the several stocks that made it through our "Recent Price Strength" screen.
Capital Southwest: Strong BDC In A Hold(ing) Pattern
Capital Southwest is a well-managed BDC with a conservative investment strategy. The leadership team has built an investment strategy around middle market companies while expanding its lower middle market portfolio. Capital Southwest currently faces growth challenges from increased competition, tighter spreads and a rise in non-accrual loans.
Is Belden (BDC) Stock Outpacing Its Industrial Products Peers This Year?
Here is how Belden (BDC) and Zebra Technologies (ZBRA) have performed compared to their sector so far this year.
BDC Weekly Review: PSEC Doubles Down On Its Strategy
We take a look at the action in business development companies through the fourth week of October and highlight some of the key themes we are watching. BDCs underperformed this week but still outpaced the broader income market, with larger BDCs leading month-to-date performance. PSEC increased its preferred issuance cap to $2.5bn.
Belden Inc. (BDC) Q3 2024 Earnings Call Transcript
Belden Inc. (NYSE:BDC ) Q3 2024 Earnings Conference Call October 31, 2024 8:30 AM ET Company Participants Aaron Reddington – Investor Relations Ashish Chand – President and Chief Executive Officer Jeremy Parks – Senior Vice President and Chief Financial Officer Conference Call Participants William Stein – Truist Securities Rob Jamieson – Vertical Research Partners Mark Delaney – Goldman Sachs David Williams – Benchmark Chris Dankert – Loop Capital Market Aaron Reddington Good morning everyone, and thank you for joining us for Belden's Third Quarter 2024 Earnings Conference Call. With me today are Belden's President and CEO, Ashish Chand; and Senior Vice President and CFO, Jeremy Parks.
Belden (BDC) Q3 Earnings and Revenues Surpass Estimates
Belden (BDC) came out with quarterly earnings of $1.70 per share, beating the Zacks Consensus Estimate of $1.60 per share. This compares to earnings of $1.78 per share a year ago.
Ares Capital: 8.9% Yield Standout Among BDC Peers
If you like big-yield investments (7% to 12%+ yields), Business Development Companies offer a uniquely attractive opportunity because of their business models and tax advantages. We share a wide range of comparative data on over 25 big-yield BDCs, including a special focus on industry leader, Ares Capital (the largest public BDC by market cap). After reviewing ARCC in detail (including a variety of reasons why it is attractive, plus multiple big risk factors to consider), we conclude with our strong opinion on investing.
Goldman Sachs BDC: Payments-In-Kind And Portfolio Quality Are A Concern (Rating Downgrade)
GSBD's dividend yield is highly attractive at around 13%, but rising non-accruals and portfolio quality deterioration make it a hold rather than a buy. Despite strong NII coverage of the dividend, the substantial rise in PIK income to over 11% of total interest and dividend income raises concerns. GSBD trades at a slight discount to book value, and a rerating to historic premium levels is unlikely without significant credit quality improvement.
