CGBD News and Press, TCG BDC Inc. From 02/13/22

BDCs continue to outperform in an inflationary and rising interest rate environment as investors prepare for higher rates that are accretive to BDC earnings to support higher dividends. Many equity REITs and most mortgage REITs have had negative stock price performance over the last 2...

We take a look at the action in BDCs through the first week of February and highlight some of the key themes we are watching. The BDC sector has bounced back this week with the rise in short-end Treasury yields as well as stocks. We highlight some of the themes of this earnings se...

CGBD is a relatively new BDC which targets secured lending in the middle market. Strong liquidity and rising interest rates may continue to benefit the sector as most secured loans are floating rates. CGBD’s size and management structure are a performance drag, causing lagg...

25 companies paid dividends with 3 raises and some special pays raising income by 8.68% from Jan 2021, and 14.57% from Q4 October. Estimated forward dividend yield has risen to 4.7% and income will rise ~15.9%. Transactions revealed which included 2 new buys, 1 sell and numerous a...

MAIN is considered a best-of-breed BDC currently yielding around 6% and will be announcing Q4 results soon. MAIN provided preliminary Q4 results and portfolio activity which is discussed in this update and will have an impact on dividends. MAIN typically announces dividends two to...

We take a look at the action in BDCs through the fourth week of January and highlight some of the key themes we are watching. BDCs continue to outperform the broader income market helped by a consensus shift to 5 hikes this year. Two trends this year are that larger BDCs have tend...

This article discusses why TSLX is my largest holding. TSLX has top-notch management continually focused on returns to shareholders or ROE. TSLX has provided investors with excellent returns over the short and long term. Please see the end of the article for my previous TSLX purch...

Oppenheimer analyst Mitchel Penn starts coverage of TCG BDC (CGBD +0.8%) with a Perform rating, based on estimated fair value of $15 per share. The business development company's shares recently traded at $13.82. Penn estimates TCG BDC (NASDAQ:CGBD) will earn $2.51 per share in 2021, $1.54 in...

SLRC and SUNS are among the worst-performing BDCs over the last two years mostly related to lower dividend coverage due to being underleveraged. Earlier this month, SLRC and SUNS announced a potential merger with very different impacts on each company. This article discusses who b...

We take a look at the action in BDCs through the fourth week of November and highlight some of the key themes we are watching. Like September, November is likely to be another write-off for BDC investors. However, the strong price action in October has more than made up for these two ...