GLAD - BDC Weekly Review: Market Hates Income Misses

2024-05-11 08:06:35 ET

Summary

• We take a look at the action in business development companies through the first week of May and highlight some of the key themes we are watching.
• BDCs were slightly down for the week, underperforming the broader income space.
• An interesting pattern of net income misses followed by drops in stock prices has been observed during this earnings cycle.
• We highlight GLAD and ARCC earnings.

Welcome to another installment of our BDC Market Weekly Review, where we discuss market activity in the Business Development Company ("BDC") sector from both the bottom-up - highlighting individual news and events - as well as the top-down - providing an overview of the broader market....

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