BDC Stock Recent News

ST. LOUIS--(BUSINESS WIRE)--Belden Inc. (NYSE: BDC), a leading global provider of complete connection solutions, is proud to release its 2024 Sustainability Report: At the Intersection of Technology and Sustainability. The report highlights the company's significant strides toward meeting its environmental, social and governance goals. Belden first defined its sustainability goals in 2021, setting 12 clear objectives to be achieved by the end of 2025. This year's report details the company's pr.

Capital Southwest stands out among BDCs for its strong fundamentals, defensive posture, and ability to navigate lower base rates and economic uncertainty. Despite a decline in net investment income, CSWC's undistributed taxable income, equity portfolio, and new SBIC license provide confidence in maintaining the base dividend. The BDC's low leverage, robust liquidity, and recent credit rating upgrade reinforce its financial strength and resilience in a potential downturn.

MidCap Financial's Q1 results were weak but in line with peers, reflecting lower investment income and asset yields as SOFR rates declined. Management is actively repositioning the portfolio, notably reinvesting Merx proceeds at higher yields and refinancing debt to lower costs, supporting future earnings growth. Despite a slight earnings miss, the dividend remains very safe, with strong cash reserves and upside potential from increased leverage and Merx reinvestment.

CALGARY, AB , May 20, 2025 /PRNewswire/ - Northstar Clean Technologies Inc. (TSXV: ROOF) (OTCQB: ROOOF) ("Northstar" or the "Company") is pleased to announce it completed all criteria necessary and received all remaining amounts under the $8.75 million non-revolving senior secured project loan facility (the "BDC Facility") with the Business Development Bank. ("BDC"). The remaining portion totaled $617,698 which included a $250,000 hold-back.

We take a look at the action in business development companies through the second week of May and highlight some of the key themes we are watching. The BDC sector remained flat on the week, with CGBD leading the decline. The median BDC valuation is at a 12% discount, making the sector attractive for new allocations. Net unrealized depreciation is a key theme this earnings season, driven by wider public credit spreads, leading to a median NAV drop of around 1% in Q1.

Main Street Capital remains a top-quality BDC with solid fundamentals, strong management, and consistent income generation, as evidenced by robust Q1 earnings. Despite a recent 11.5% price decline, MAIN still trades at a 68.5% premium to NAV, well above its historical average. Macro risks and sector-wide premium valuations make me hesitant to add to my MAIN position or increase BDC exposure right now.

Golub Capital BDC delivered a solid quarter with a 2% total NAV return, trading at an 11% dividend yield and a 6% discount to NAV. The company's portfolio is well-diversified with 368 positions, primarily in floating-rate first-lien loans, focusing on the software and healthcare sectors. Despite a slight NAV decline and net realized losses, GBDC's low-cost fee structure and resilient portfolio have driven strong performance, beating the median BDC by 2.5%.

The current macro backdrop is restrictive for strong BDC sector performance. An important implication of this unfavorable environment is that many BDCs will have to sooner or later synchronize their dividend yields to portfolio asset yields (which have decreased quite a bit). In my view, we will see more and more BDC dividend cuts being announced this year.

Logan Ridge Finance Corporation faces significant challenges, including declining net investment income and questionable credit quality, making it a risky investment for income-focused investors. Despite a potential merger with Portman Ridge Finance Corp., which could provide benefits, LRFC's current financial instability and high probability of a dividend cut are concerning. LRFC's portfolio has a high percentage of first-lien loans and attractive sector allocation, but still struggles with non-accruals and declining net asset value.

LOS ANGELES, May 14, 2025 (GLOBE NEWSWIRE) -- Crescent Capital BDC, Inc. (“Crescent BDC” or “Company”) (NASDAQ: CCAP) today reported net investment income of $0.45 per share and net income of $0.11 per share, for the quarter ended March 31, 2025. Net asset value (NAV) per share was $19.62 at March 31, 2025 compared to $19.98 as of December 31, 2024.