Trinity Capital: An 11% Yielding BDC Worth Buying
Trinity Capital stands out among BDCs for consistent portfolio growth and full dividend coverage, defying sector-wide dividend cuts. TRIN's portfolio value surged 38% year-over-year to $2.73 billion amid strong deal flow, driving net asset value up 1.5% quarter-over-quarter to $13.47 per share. Net investment income of $0.51 per share in the latest quarter fully supported the $0.51 cumulative dividend, maintaining a 100% coverage ratio.
BDC Weekly Review: Market Is Surprised By Private Credit Resilience
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 posted a strong week, averaging nearly 10% returns, with higher-beta names like TCPC, CION, and OTF leading performance. Despite slightly lagging in price terms year-to-date, BDCs have outperformed all other credit sectors in total NAV terms, reflecting sector resilience.
Capital Southwest: My New Favorite BDC Play
Capital Southwest is expanding its committed investments while adding portfolio companies, indicating gradual growth with increasing diversification. The loan book is mostly floating rate, but its debt is mostly fixed rate. This should lift spread yields in the hawkish rates environment expected over the next year. Credit quality is worth tracking as average ratings, non‑accruals, and PIK income are rising, but there is no cause for alarm yet.
Goldman Sachs BDC: This 13% Yield May Be A Value Trap
Goldman Sachs BDC continues to exhibit below-average investment quality, with persistent portfolio shrinkage and elevated non-accruals. GSBD's Q2 dividend dropped 40% year-over-year, reflecting ongoing pressure from non-accrual loans and a contracting asset base. Despite a high 118.8% dividend coverage ratio in Q2'26, GSBD's non-accrual ratio remains the second-highest among peers, undermining investor confidence.
Chicago Atlantic BDC Q2 Earnings Call Highlights
Chicago Atlantic BDC NASDAQ: LIEN reported second-quarter net investment income of $7.7 million, or $0.34 per share, as loan repayments exceeded new originations and reduced the size of its investment portfolio.
Is Belden (BDC) Stock Outpacing Its Computer and Technology Peers This Year?
Here is how Belden (BDC) and Cognex Corporation (CGNX) have performed compared to their sector so far this year.
Chicago Atlantic BDC, Inc. (LIEN) Lags Q2 Earnings and Revenue Estimates
Chicago Atlantic BDC, Inc. (LIEN) came out with quarterly earnings of $0.34 per share, missing the Zacks Consensus Estimate of $0.4 per share. This compares to earnings of $0.34 per share a year ago.
Kayne Anderson BDC's 11%+ Yield Just Got Another Vote Of Confidence
KBDC stands out as a rare externally managed BDC worth holding, despite typical structural drawbacks. Recent Q2 results showed declining NII and NAV, higher leverage, and increased non-accruals, but underlying drivers suggest near-term improvement. KBDC trades at a 15% discount to NAV, with NII per share expected to rise next quarter due to portfolio rotation and higher spreads.
Crescent Capital BDC: I'm Much Less Optimistic Than Wall Street
CCAP cut its dividend by 19% a few months ago. But I expect another dividend cut, as I see several signals of struggling NII. NII dropped nearly 22% year-over-year to $0.36 per share, leaving only a 6% margin of safety over the current base dividend and heightening payout risk.
Goldman Sachs BDC: Limited Catalysts For Earnings Growth
Goldman Sachs BDC remains a hold as portfolio growth and NAV continue to decline amid sector headwinds. GSBD's 14.1% dividend yield is well-covered by net investment income, with a 116% coverage rate and $0.89 per share in spillover income. New investment activity remains muted, with negative net funded investments and limited catalysts for near-term NAV or earnings growth.
Kayne Anderson BDC Q2 Earnings Call Highlights
Kayne Anderson BDC NYSE: KBDC reported second-quarter 2026 net investment income of $0.42 per share, exceeding its quarterly dividend by $0.02 per share, while net asset value declined amid realized and unrealized portfolio losses and the completion of its exit from broadly syndicated loans.
Crescent Capital BDC Q2 Earnings Call Highlights
Crescent Capital BDC NASDAQ: CCAP reported second-quarter net investment income of $0.36 per share, exceeding its $0.34 per-share base dividend but declining from $0.38 per share in the prior quarter excluding a one-time incentive-fee waiver.
