Belden (BDC) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.Since a cha ...

SlavkoSereda/iStock via Getty Images Trinity Capital Inc. (NASDAQ:TRIN) and Horizon Technology Finance (NASDAQ:HRZN) are two VC-focused BDCs that I have been covering since December 2023. As many of my followers have noticed it, I am structurally bullish on high income producing assets such as REITs, MLPs and BDCs. In the BDC space, there have been numerous names that I have covered, issuing rather bullish theses - e.g., Ares Capital (ARCC), Fidus Investment (FDUS), and FS KKR Capital (FSK). However, wh ...

文章核心观点 - BDC(Business Development Company)行业本周整体表现较差,总回报约为-2%,主要原因是部分公司业绩不佳或宣布减息 [3] - BDC行业估值已回到长期平均水平,相对更具吸引力 [7] - TriplePoint Venture Growth (TPVG)宣布将股息减少25%,反映过去一年净投资收益下降,这导致公司股价下跌10%至18%折价 [10] - TPVG过去3年的总净资产收益率仅为0.6%,远低于行业平均水平,其股息水平与公司业绩表现脱节 [10][11][12] - 即使TPVG估值下降,但其估值调整后的总净资产收益率仅为0.8%,远低于行业平均水平,因此估值水平仍不具吸引力 [16] - BDC行业中,一些业绩持续低于行业的公司,其估值通常仍然偏高,如BKCC、FCRD、MRCC、HRZN和TPVG [18] 行业概况 - BDC行业本周整体表现较差,总回报约为-2% [3] - BDC行业估值已回到长期平均水平,相对更具吸引力 [7] - 行业内一些公司业绩不佳或宣布减息,导致股价下跌 [3][10] 公司动态 - TriplePoint Venture Growth (TPVG)宣布将股息减少25%,反映过去一年净投资收益下降,这导致公司股价下跌10%至18%折价 [10] - TPVG过去3年的总净资产收益率仅为0.6%,远低于行业平均水平,其股息水平与公司业绩表现脱节 [10][11][12] - 即使TPVG估值下降,但其估值调整后的总净资产收益率仅为0.8%,远低于行业平均水平,因此估值水平仍不具吸引力 [16] - BDC行业中,一些业绩持续低于行业的公司,其估值通常仍然偏高,如BKCC、FCRD、MRCC、HRZN和TPVG [18] - Carlyle Secured Lending (CGBD)本季度业绩略低于行业中值,但其估值水平已接近行业中值 [19]

Robert Way The stock price of Goldman Sachs BDC Inc. (NYSE:GSBD) plummeted in the last couple of days and is now selling at a discount to book value in the amount of 8%. There have been two factors for the decline in Goldman Sachs BDC’s stock price which include, one, concerns over a U.S. recession after the July jobs report showed much weaker-than-expected job growth, and, two, the business development company reported an increase in non-accruals and growing investment losses. These losses caused a 6% ...

文章核心观点 - Sixth Street Specialty Lending (TSLX)是一家外部管理的业务发展公司(BDC),主要投资于美国中型市场公司[2] - TSLX的股价最近经历了下跌,使其对投资者而言更具吸引力,但预计未来几个季度将出现更多波动[3] 公司投资方式和指标总结 - TSLX的投资组合较为多元化,行业集中度较低,前10大投资占比约21%[7] - 公司主要提供债务融资,93%为优先担保债权投资,相对较为防御性[8] - 2023年非应计贷款率不到1%,2024年第一季度和第二季度上升至1.1%,仍处于较低水平[8] - 公司维持了稳定的季度股息,同时还发放了特别股息[8] - 公司目前收益率约9.9%,较高的收益吸引了注重收益的投资者[9] 潜在风险因素 - 利率下降可能会降低公司的投资收益,但也可能带来更多的交易机会[10][11] - 在经济下行压力下,公司的不良贷款率可能会上升[11] 估值展望 - 公司目前以约19.8%的溢价交易,相比之下,同行业公司BXSL的溢价超过30%[12] - 考虑到未来市场波动,建议投资者以10%左右的溢价进场[12][13] 总的来说,TSLX凭借其相对防御性的投资组合和稳健的财务指标,值得纳入投资组合,但投资者需要关注未来可能出现的市场波动和不良贷款率上升的风险[14]

The Industrial Products group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Belden (BDC) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.Belden is one of 218 companies in the Industrial Products group. The Industrial Products group currently sits at #11 within the Zacks Sec ...

John M Lund Photography Inc In this article, we catch up on Q2 results of the Business Development Company (“BDC”) Fidus Investment (NASDAQ:FDUS). FDUS trades at a total dividend yield of 11.8% and a 1% discount to NAV. FDUS invests in the lower middle-market segment and is overweight the Technology sector. FDUS offers one of the best opportunities in the BDC sector with a combination of above-average performance at a below-average valuation. It has been one of our favorite picks for a couple of years r ...

MicroStockHub/iStock via Getty Images Business Development Companies carry a mix of financial characteristics that support high dividend income investing strategies. For example, most of the BDCs out there provide double digit dividends, where it would be difficult to find one, which yields something materially below the 10% mark. Another element that makes BDCs so attractive for dividend investors is that there is an inherent growth component, which allows to enjoy growing distributions and extract the ...

LOS ANGELES, Aug. 12, 2024 (GLOBE NEWSWIRE) -- Crescent Capital BDC, Inc. (“Crescent BDC” or “Company”) (NASDAQ: CCAP) today reported net investment income of $0.59 per share and net income of $0.55 per share for the quarter ended June 30, 2024. Net asset value per share increased to $20.30 compared to $20.28 as of March 31, 2024. Dividend Declarations   The Company’s Board of Directors (the “Board”) declared a third quarter 2024 regular cash dividend of $0.42 per share to stockholders of record as of Septe ...

Galeanu Mihai Mid May, this year, I wrote an article on Barings BDC (NYSE:BBDC) outlining a relatively neutral thesis on this particular BDC. While the quarter brought several messages of improving fundamentals and defensive dividend coverage, there were still a couple of issues unresolved such as high concentration in portfolio companies that are performing below expectations, high leverage and potential consequences of forthcoming fixed rate debt rollovers. As a result of this, my decision was to not ...