Oaktree Specialty Lending: Admitting My Mistake And Downgrading This BDC
OCSL has been my absolute worst performing BDC pick. After the previous earnings release, I was still optimistic and recommended a buy, considering the positive net funding volumes and decreasing non-accruals. While the net funding volumes have remained strong, the build-up of non-accruals surprised to the downside, leaving the current distribution coverage without any margin of safety.
Belden Inc (BDC) Hit a 52 Week High, Can the Run Continue?
Belden (BDC) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
Blue Owl Capital BDC: 10% Yield, Record NAV, Reports Next Week
Blue Owl Capital Corporation has benefited from the Fed's rate rising program with 97% floating rate debt investments. The company rebranded as Blue Owl Capital Corp., with $174B in assets under management. Strong Q1 2024 earnings with record NAV/share, increased total income, and NII.
Belden Inc. (BDC) Q2 2024 Earnings Call Transcript
Belden Inc. (NYSE:BDC ) Q2 2024 Earnings Conference Call August 1, 2024 8:30 AM ET Company Participants Aaron Reddington - VP, IR Ashish Chand - President & CEO Jeremy Parks - SVP & CFO Conference Call Participants William Stein - Truist Securities David Williams - Benchmark Robert Jamieson - Vertical Research Partners Mark Delaney - Goldman Sachs Chris Dankert - Loop Capital Operator Ladies and gentlemen, thank you for standing by. Welcome to this morning's Belden reports Second Quarter 2024 Results Call.
Belden (BDC) Surpasses Q2 Earnings and Revenue Estimates
Belden (BDC) came out with quarterly earnings of $1.51 per share, beating the Zacks Consensus Estimate of $1.35 per share. This compares to earnings of $1.91 per share a year ago.
New Preferred Stock And Exchange Traded Debt IPOs, July 2024
New offerings from New York Mortgage Trust, Dime Community Bancshares, and Oxford Lane Capital Corp. with fixed coupon rates and credit ratings. DCOMG achieved a perfect CDx3 Compliance Score, while Morgan Stanley and Regions Financial Corporation also priced new preferred stock offerings. Investors can buy new shares at wholesale prices through the OTC exchange, track past preferred stock IPOs below par, and stay updated on the current marketplace offerings.
Are Industrial Products Stocks Lagging Belden (BDC) This Year?
Here is how Belden (BDC) and Bodycote (BYPLF) have performed compared to their sector so far this year.
Blue Owl Capital: There Are 2 Fundamental Showstoppers
Blue Owl Capital is the third largest BDC with an investment policy that exhibits the right defensive characteristics to deliver solid returns. Since 2022, OBDC has outperformed the overall BDC market as well as the two other Top 3 BDC peers. Given this, the conservative investment policy a slight discount to NAV, my initial thought was that OBDC should be a clear buy.
BDC Weekly Review: Private Lenders Are Flush With Cash
We take a look at the action in business development companies through the third week of July and highlight some of the key themes we are watching. BDCs are down 2% this week, flat month-to-date, with OCSL underperforming and TPVG outperforming. Blue Owl acquires Atalaya Capital, marking its third recent acquisition, pushing into asset-based credit market to diversify its corporate lending business.
Goldman Sachs BDC: Decreasing Non-Accruals And Increased Investment Activity (Upgrade)
Goldman Sachs BDC maintains a high distribution rate of 11.9%. The dividend has never been cut, which makes this a reliable income investment. Portfolio consists of 149 companies, the majority on first lien senior secured basis, with improving credit quality. Non-accruals have decreased quarter over quarter. Current valuation of GSBD is attractive with potential for price recovery due to future interest rate cuts.
Gladstone Investment: Smart Managers, And Very Cheap BDC
Gladstone Investment has successfully selected a portfolio of loans and equity investments for the last 10 years, paying double-digit returns. GAIN focuses on lower middle market private businesses with experienced management teams and sustainable FCF, with a 1, 3, and 5-year average ROE of 18%, 17%, and 12%. The company's book value per share has increased significantly over the years, with a potential target price of $22 per share based on a DCF model.
Capital Southwest: An Expensive But Well Run BDC, 9% Yield
Income investing is popular, but many stocks have low dividend yields. The BDC sector is small but provides opportunities for ample dividends. We analyze Capital Southwest in 6 key areas, and compare its valuation with its peers. CSWC is internally managed, and so it saves on management fees, passing the savings to shareholders.
