BDC Stock Recent News

Belden (BDC) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

HTGC and ARCC, both top BDCs, show a current mispricing, with HTGC now undervalued relative to ARCC after a sharp premium correction. HTGC maintains superior long-term and recent NAV total returns compared to ARCC, and credit assessments show no portfolio concern. Pair trade opportunities exist: long HTGC/short ARCC if you expect HTGC's premium to recover, or long BIZD/short ARCC for sector mean reversion.

GSBD offers a 10.85% base dividend yield. This yield is being expanded with special and supplemental dividends. Fiscal 2025 first quarter earnings saw dual misses and a decline in NAV per share, with net investment income unable to fully cover the aggregate dividend payouts. The portfolio remains defensive with low non-accruals, but negative net funded investment activity and falling rates threaten future total investment income.

CHICAGO--(BUSINESS WIRE)--Kayne Anderson BDC, Inc. (NYSE: KBDC) (“KBDC” or the “Company”), a business development company externally managed by its investment adviser, KA Credit Advisors, LLC, an affiliate of Kayne Anderson Capital Advisors, LP (“Kayne Anderson”), today announced an investment in SG Credit Partners, Inc. (along with affiliates and subsidiaries; “SG Credit”), a national credit platform focused on the lower middle market to complement KBDC's middle market investing strategy. SG C.

MISSION WOODS, Kan.--(BUSINESS WIRE)--Palmer Square Capital BDC Inc. (NYSE: PSBD) ("Palmer Square" or the "Company"), an externally managed business development company, today announced that it will release its financial results for the second quarter ended June 30, 2025 before the market opens on Wednesday, August 6, 2025. Palmer Square will host a conference call at 1:00 pm ET that day to review its financial performance and conduct a question-and-answer session. To participate in the earning.

ARCC is the largest BDC by net assets and NII, making it a gold standard for income investors, especially as rate cuts approach. Despite not having the highest yield or lowest valuation, ARCC's robust dividend history and strong risk management justify its premium to NAV. Q1 saw $3.5B in new investments and 92% in first lien senior secured loans, positioning ARCC for growth and stability in a lower-rate environment.

Founded in 1869, Goldman Sachs is the world's second-largest investment bank by revenue and is ranked 55th on the Fortune 500 list of the largest U.S.

ARCC remains my largest BDC holding due to its resilience in uncertain times and diversified, high-quality portfolio of sizeable businesses. The company's lower exposure to floating-rate debt and meaningful equity investments help stabilize income despite falling interest rates. Non-accruals remain low and portfolio concentration is modest, supporting sustainable dividends and reduced risk of defaults.

We take a look at the action in business development companies through the first week of July and highlight some of the key themes we are watching. BDCs delivered a strong 3% total return this week, with underperformers rebounding and sector valuations nearing historical averages. NAVs in volatile markets are best guesses and not precise; historical price behavior and resilience matter more for allocation decisions.

BDCs face a number of misconceptions in the commentariat having to do with earnings, dividend coverage, and more. Short-term rates are still attractive, BDC valuations are reasonable, and portfolio quality has improved; floating-rate assets remain compelling even at lower levels. Investors should focus on rigorous analysis, valuations, and NII yield, not simplistic headlines or price momentum.