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Two 10%+ Yielding BDCs Going From Bargains To Screaming Buys
Seeking Alpha· 2025-07-09 13:15
Market Overview - The BDC market (BIZD) has experienced significant volatility in recent months, mirroring the fluctuations seen in major stock indices such as the S&P 500 (SPY) and the Nasdaq-100 (QQQ) [1] Professional Background - Roberts Berzins has over a decade of experience in financial management, assisting top-tier corporates in shaping financial strategies and executing large-scale financings [2] - He has contributed to institutionalizing the REIT framework in Latvia to enhance the liquidity of pan-Baltic capital markets [2] - His policy-level work includes developing national SOE financing guidelines and frameworks for channeling private capital into affordable housing [2] - Berzins is a CFA Charterholder and holds an ESG investing certificate, with experience from an internship at the Chicago Board of Trade [2] - He is actively involved in thought-leadership activities aimed at supporting the development of pan-Baltic capital markets [2]
Saratoga Investment Corp. Announces Fiscal First Quarter 2026 Financial Results
Globenewswire· 2025-07-08 20:05
Core Insights - Saratoga Investment Corp. reported a 17.9% increase in adjusted net investment income (NII) per share and a 0.9% increase in net asset value (NAV) from the previous quarter, with a quarterly return on equity (ROE) of 14.1%, generating a last twelve months (LTM) ROE of 9.3%, surpassing the BDC industry average of 7.0% [1][2][4] Financial Performance - As of May 31, 2025, assets under management (AUM) were $968.3 million, down 11.6% from $1.095 billion a year earlier and down 1.0% from $978.1 million in the previous quarter [4] - Total investment income for the quarter was $32.3 million, a decrease of 16.4% from $38.7 million year-over-year but an increase of 3.3% from $31.3 million in the previous quarter [4][6] - NAV increased to $396.4 million, up $28.5 million from $367.9 million a year ago and up $3.7 million from $392.7 million in the previous quarter [4][6] - Adjusted NII for the quarter was $10.1 million, a decrease of 29.3% from $14.3 million year-over-year but an increase of 26.2% from $8.0 million in the previous quarter [6][4] Investment Activity - The company originated $50.1 million in new investments during the quarter, including two new portfolio companies and six follow-on investments [4][6] - Principal repayments totaled $64.3 million, which included one equity realization and multiple full and partial repayments of existing investments [4][6] - The fair value of the portfolio increased by $3.8 million during the quarter, with net realized gains of $2.9 million [4][6] Dividend and Shareholder Returns - The company declared a base dividend of $0.75 per share for the second quarter of fiscal 2026, representing an 11.8% yield based on the stock price of $25.44 as of July 7, 2025 [2][4] - The change to monthly dividends resulted in a one-time additional $0.50 per share dividend, increasing total dividends for the quarter to $1.25 per share [3][4] Portfolio Quality and Credit Metrics - The overall credit quality remained steady, with 99.7% of credits rated in the highest category, and only two investments on non-accrual status [4][6] - The portfolio composition consisted of 86.9% first lien term loans, indicating a strong focus on secured investments [4][6] Liquidity and Capital Resources - As of May 31, 2025, the company had $224.3 million in cash and cash equivalents, providing significant liquidity in a volatile macro environment [4][6] - The total undrawn borrowing capacity, including cash and credit facilities, was $430.3 million, allowing for potential new investments or support for existing portfolio companies [4][6]
WNS (WNS) Soars 14.3%: Is Further Upside Left in the Stock?
ZACKS· 2025-07-08 14:56
Group 1: Company Overview - WNS (Holdings) Limited shares increased by 14.3% to close at $74.7, driven by higher trading volume compared to typical sessions [1] - The stock has gained 9.4% over the past four weeks, reflecting investor optimism following Capgemini's announcement to acquire WNS for $76.50 per share in an all-cash deal [1] Group 2: Earnings Expectations - WNS is expected to report quarterly earnings of $0.95 per share, representing a year-over-year increase of 2.2% [2] - Revenue expectations for WNS stand at $323.35 million, which is a 3.5% increase from the same quarter last year [2] Group 3: Stock Performance and Estimates - The consensus EPS estimate for WNS has remained unchanged over the last 30 days, indicating that stock price movements may not continue without trends in earnings estimate revisions [3] - WNS currently holds a Zacks Rank of 3 (Hold), indicating a neutral outlook [4] Group 4: Industry Comparison - WNS is part of the Zacks Business - Services industry, where another company, Willdan Group (WLDN), saw a 1.3% increase to $73.26 and has returned 26.9% over the past month [4] - Willdan's consensus EPS estimate has also remained unchanged at $0.72, reflecting a year-over-year change of 30.9% [5]
Is Aramark (ARMK) Outperforming Other Business Services Stocks This Year?
ZACKS· 2025-07-08 14:40
Investors interested in Business Services stocks should always be looking to find the best-performing companies in the group. Has Aramark (ARMK) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Business Services peers, we might be able to answer that question.Aramark is a member of our Business Services group, which includes 260 different companies and currently sits at #2 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different ...
Are Business Services Stocks Lagging BGSF (BGSF) This Year?
ZACKS· 2025-07-07 14:41
Company Performance - BGSF has returned approximately 40.1% since the beginning of the calendar year, significantly outperforming the average gain of 4.1% in the Business Services group [4] - The Zacks Consensus Estimate for BGSF's full-year earnings has increased by 366.7% over the past 90 days, indicating improved analyst sentiment and a stronger earnings outlook [3] Industry Context - BGSF is part of the Business Services sector, which includes 260 individual stocks and currently holds a Zacks Sector Rank of 1 [2] - Within the Business - Services industry, which consists of 26 companies, BGSF ranks 37 in the Zacks Industry Rank, with the industry averaging a gain of 19.1% this year [6] Comparison with Peers - Cintas (CTAS), another stock in the Business Services sector, has returned 20.1% year-to-date and has a Zacks Rank of 2 (Buy) [4][5] - Both BGSF and Cintas are noted for their strong performance within the Business Services sector, attracting investor attention [7]
Capgemini to acquire WNS Holdings in $3.3B all-cash deal
Proactiveinvestors NA· 2025-07-07 14:32
Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The news team covers medium and small-cap markets, as well as blue-chip companies, commodities, and broader investment stories [3] - Proactive has bureaus and studios in key finance and investing hubs including London, New York, Toronto, Vancouver, Sydney, and Perth [2] Group 2 - The company is focused on sectors such as biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] - Proactive adopts technology to enhance workflows and improve content production [4] - All content published by Proactive is edited and authored by humans, ensuring adherence to best practices in content production and search engine optimization [5]
Bombardier Inaugurates the Innovation and Design Centre Dedicated to Creating the Future of Business Aircraft Customer Experience
Globenewswire· 2025-07-07 10:00
Bombardier’s Innovation and Design Centre, represents a major milestone, and will deliver innovations that continuously enhance and define our customers’ experienceLocated in Montreal, the space will enable the teams to secretly and rapidly test innovative products ahead of integrating them into the aircraft portfolioThe Centre will house full-scale cabin mockups and prototypes to test and develop key innovations that continuously elevate the Bombardier cabin experience MONTREAL, July 07, 2025 (GLOBE NEWSWI ...
Capgemini to acquire WNS to create a global leader in Agentic AI-powered Intelligent Operations
Globenewswire· 2025-07-07 05:00
Core Insights - Capgemini is set to acquire WNS for $76.50 per share, totaling $3.3 billion, which represents a premium of 28% over the last 90-day average share price [2][5] - The acquisition is expected to enhance Capgemini's normalized EPS by 4% in 2026 and 7% in 2027 post-synergies [2][20] - The transaction has been unanimously approved by the boards of both companies and is anticipated to close by the end of the year [5][22] Strategic Rationale - The acquisition aims to create a leader in Intelligent Operations, leveraging Agentic AI to transform business processes [3][12] - Capgemini will gain scale and vertical expertise to capitalize on the shift from traditional Business Process Services (BPS) to AI-powered operations [3][5] - WNS's high-growth Digital BPS will enhance Capgemini's service offerings and increase its presence in the US market [4][10] Financial Impact - The combined entities are projected to generate revenues of €1.9 billion in Digital BPS by 2024 [10] - WNS has shown a consistent revenue growth of approximately 9% over the last three fiscal years, reaching $1,266 million in fiscal year 2025 with an 18.7% operating margin [8][9] - Capgemini expects revenue synergies of €100 million to €140 million and cost synergies of €50 million to €70 million by the end of 2027 [20] Market Positioning - The acquisition positions Capgemini to meet the growing demand for AI-driven business process transformation, addressing client needs for efficiency and agility [3][12] - The combination of Capgemini and WNS will create a robust platform for innovation and growth, enhancing their competitive edge in the market [6][17] - Both companies share a vision for Intelligent Operations, which will facilitate a smooth integration and unlock new opportunities for clients [6][21]
X @The Economist
The Economist· 2025-07-06 10:40
From Hailey Bieber and Rihanna to Ryan Reynolds, celebrities are venturing beyond the billboard or big screen into big business. We explain why https://t.co/JCXNjwcLHh ...