Belden Inc. (BDC)

I am increasingly cautious on BDCs due to rising non-accruals, weaker earnings, and looser underwriting amid intense competition for private credit deals. Elevated interest rates are suppressing BDC v...

BDCs are high-risk assets. It means that buy and hold forever strategy might be suboptimal. Yet, there are exceptions.

We take a look at the action in business development companies through the fourth week of May and highlight some of the key themes we are watching. BDC sector pulled back 2% this week, but remains up ...

There are only 2 ETF options to invest in the BDC segment, and BIZD is one of them. Even though it is the largest and most liquid alternative, it has some notable drawbacks. In this article, I elabora...

Barings BDC is a well-established vehicle with one of the longest track records in the sector. The portfolio quality is solid, and certainly better than what could be implied from the 20% discount to ...

Goldman Sachs BDC delivered weaker-than-expected Q1'25 net investment income amid a shrinking portfolio and persistent non-accrual issues. The BDC's non-accrual percentage improved to 1.9% Q/Q and Q1'...

FDUS offers a strong 11.2% dividend yield with solid coverage, making it attractive for income-focused investors seeking reliable distributions. The portfolio is well-diversified, primarily in secured...

Crescent Capital BDC trades at a significant discount to NAV and offers a high 12.5% yield, but recent performance and total returns have been weak. Rising non-accruals, declining earnings, and weaken...

I'm downgrading Crescent Capital from buy to hold due to weakening fundamentals and rising economic uncertainty. Recent earnings showed sequential declines in total and net investment income, with inc...

We take a look at the action in business development companies through the third week of May and highlight some of the key themes we are watching. BDCs have rebounded strongly, with most lenders up fo...