BDC Stock Recent News

NEW YORK, July 24, 2025 (GLOBE NEWSWIRE) -- Chicago Atlantic BDC, Inc. (the “Company”) (NASDAQ: LIEN), a specialty finance company that has elected to be regulated as a business development company, today announced details for the release of its financial results for the second quarter ended June 30, 2025.

MENLO PARK, Calif.--(BUSINESS WIRE)--TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) (the “Company”), a leading financing provider to venture growth stage companies backed by a select group of venture capital firms in technology and other high growth industries, today announced it will release its financial results for its second quarter ended June 30, 2025 after market-close on Wednesday, August 6, 2025. James P. Labe, chief executive officer and chairman of the board, Sajal K. Srivastava, p.

WHEATON, Ill.--(BUSINESS WIRE)--First Trust Advisors L.P. (“FTA”) announced yesterday that the Board of Trustees of First Trust Exchange-Traded Fund VIII, on behalf of FT Confluence BDC & Specialty Finance ETF (the “Fund”), an actively-managed exchange-traded fund (NYSE Arca: FBDC), approved a 1-for-5 reverse share split.

I'm overweighting Gladstone Investment for its equity-driven returns, benefiting from a strong stock market and potential $1B+ investment portfolio milestone. GAIN's unique equity orientation and first lien focus position it for outperformance versus peers, especially as market conditions remain favorable. High non-accrual ratio is a risk, but resolving these could boost net investment income, improve dividend coverage, and enhance margin of safety.

Crescent Capital BDC trades at a 26% discount to NAV, which I believe is exaggerated and presents a re-rating opportunity. Despite a rising non-accrual ratio and higher payout, the dividend appears safe in the near term, supported by strong floating-rate First Lien assets. The company's net investment income has declined, due to increased non-accruals, but steady interest rates should support income, unless credit quality worsens.

BDCs have performed unexpectedly well this year. Despite the growing uncertainty in the system and high probabilities for incremental base rate cuts, the BDC index is up on a YTD basis. This is not the right setup for being aggressive here.

Goldman Sachs BDC's recent quarters have disappointed, with declining earnings and NAV, justifying my continued Hold rating despite attractive yield and discount. Dividend cuts, rising non-accruals, and realized losses highlight ongoing portfolio and credit quality issues, outweighing any positives from special dividends. Improvements in non-accruals and leverage are minor, while upcoming debt refinancing and potential rate cuts threaten further earnings and dividend coverage.

Kayne Anderson BDC, Inc.'s fundamentals are solid, with high first-lien loan exposure, low leverage, and ongoing share repurchases supporting a defensive profile. Despite portfolio growth and strong activity, declining net investment income and rising non-accruals raise concerns about dividend sustainability, especially as rates fall. KBDC stock trades at a slight discount to NAV, but limited upside and economic uncertainty keep me cautious and maintain my Hold rating.

We take a look at the action in business development companies through the second week of July and highlight some of the key themes we are watching. BDCs had another strong week, pushing month-to-date gains to 4% on average. SAR results were pretty good, a positive sign for the broader earnings season.

On July 15, 2025, Brian Anderson (SVP, Legal, GC and Corp. Sec.) reported selling 5,601 shares of Belden (BDC -1.20%), as disclosed in a Form 4 filing dated July 15, 2025, with a total transaction value of approximately $689,000 as of July 11, 2025, leaving a post-transaction holding of 45,135 shares.