Hiroshi Watanabe I have been covering Sixth Street Specialty Lending, Inc. (NYSE:TSLX) since the very beginning of 2024, when I issued a bullish thesis referring to the resiliency and defensive structure (or investment approach) of TSLX. The overall idea was that TSLX offers as sustainable dividend streams as it gets in the BDC space, thus making the investment case attractive for yield-seeking investors. It was not so much about the potential price appreciation as back then the leverage was at optimum ...

tadamichi In this article, we provide a Q2 update on the BDC Bain Capital Specialty Finance, Inc. (NYSE:BCSF). BCSF is part of the Bain Capital Credit's private credit umbrella which manages $12bn in assets. The company is overweight in the Defense, Tech, and Business Service sectors. It is underweight Healthcare which usually figures in the top 3 sectors of most BDCs. We recently added a position in the stock across our Income Portfolios. BCSF The company is focused on the core middle-market segment, with ...

Shares of Belden (BDC) have been strong performers lately, with the stock up 10.5% over the past month. The stock hit a new 52-week high of $104.93 in the previous session. Belden has gained 35.8% since the start of the year compared to the 6.2% move for the Zacks Industrial Products sector and the -13.3% return for the Zacks Wire and Cable Products industry.What's Driving the Outperformance?The stock has an impressive record of positive earnings surprises, as it hasn't missed our earnings consensus estima ...

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 ...

DNY59/iStock via Getty Images 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. We also try to add some historical context as well as relevant themes that look to be driving the market or that investors ought to be mindful of. This update covers the period through the se ...

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% ...

Klaus Vedfelt Sixth Street Specialty Lending (NYSE:TSLX) is an externally managed business development company (BDC). The Company invests in US middle-market companies with enterprise values typically ranging from $50m to $1B. Such companies usually have EBITDA ranging from $10m to $250m. TSLX's stock price has recently experienced a pullback, making it more attractive for investors who can accumulate or enter at a lower valuation than a few months back. However, I believe more volatility is to be expec ...

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 ...