Business development companies' stocks have fallen. Some look attractive for the right type of investor. - MarketWatch## Deep Dive# Business development companies' stocks have fallen. Some look attractive for the right type of investor.## Because of Blue Owl, concerns over private BDCs have spilled over to push down prices of publicly traded BDCs — many of which trade at large discounts to their reported asset valuationsPublished: Feb. 20, 2026 at 1:12 p.m. ETShareResizeStocks of business development compan ...

Key Takeaways: Three BDCs managed by Blue Owl Capital announced a $1.4 billion sale of partial assets at fair value as of February 12th, equivalent to 99.7% of par value Proceeds from the sale provide liquidity to OBDC II shareholders, as intended since the fund’s formation in 2016, while enabling portfolio optimization for OBDC and OTIC. Executives have underscored the portfolio’s strength and the underlying credit quality. By Exec Edge Editorial Staff Three business development companies manag ...

Management highlighted that Barings-originated positions represented 96% of the portfolio at fair value at quarter-end, up from 76% at the beginning of 2022. The weighted average yield at fair value was 9.6% , which management said was slightly lower than the prior quarter primarily due to lower base rates.Executives said the company continues to rotate out of legacy holdings acquired through the MVC Capital and Sierra transactions. McDonnell said the firm accelerated rotation of the Sierra portfolio during ...

Barings BDC (NYSE:BBDC) Q4 2025 Earnings call February 20, 2026 09:00 AM ET Company ParticipantsCasey Alexander - Managing DirectorElizabeth Murray - CFOFinian O'Shea - DirectorJoe Mazzoli - Head of Investor RelationsMatt Freund - PresidentRobert Dodd - DirectorTom McDonnell - CEOOperatorAt this time, I'd like to welcome everyone to the Barings BDC, Inc. conference call for the quarter and year ended December 31st, 2025. All participants are in listen-only mode. A question and answer session will follow the ...

Group 1 - Blue Owl Capital (OBDC) experienced a significant widening in the gap between its share price and net asset value in Q4 2025 [1] - The primary reason for this discrepancy was the company's mismanagement of a merger [1]

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Ares Capital (NASDAQ: ARCC) is a business development company (BDC). It basically makes high-interest-rate loans to smaller businesses that don't have access to cheaper capital. That's good in some ways (note the stock's lofty 9.9% dividend yield). However, it also comes with some big risks. Here are two things I think could happen in 2026 that would be troubling for dividend investors considering this stock. Will AI create the world's first trillionaire? Our team just released a report on the one little- ...

Annaly Capital Management (NYSE: NLY) is a popular stock. That's mainly due to the real estate investment trust's (REIT) big-time dividend yield. At over 12%, it's 10 times higher than the S&P 500's dividend yield (1.2%). I used to own Annaly stock. However, I sold my investment in the mortgage REIT due to its falling dividend and stock price. I've replaced it with Main Street Capital (NYSE: MAIN), a financial stock that does a better job of growing its dividend and shareholder value. Here's why I think th ...

Core Insights - The article emphasizes the importance of a hybrid investment strategy that combines classic dividend growth stocks with Business Development Companies, REITs, and Closed End Funds to enhance investment income while achieving total returns comparable to traditional index funds [1]. Investment Strategy - The company advocates for a balanced approach to investing, suggesting that a solid base of dividend growth stocks can be effectively supplemented with other asset types to maximize income potential [1]. - The strategy aims to achieve a total return that aligns with the performance of the S&P index, indicating a focus on both growth and income [1].

Core Insights - Business development companies are facing challenges in a high interest rate environment, leading to many high-quality businesses, including Gladstone Capital, trading at new lows [1] Group 1: Market Environment - The current high interest rate environment is negatively impacting business development companies [1] - Many high-quality businesses are experiencing significant declines in their stock prices [1] Group 2: Investment Strategy - A hybrid investment strategy combining classic dividend growth stocks with business development companies, REITs, and closed-end funds can enhance investment income [1] - This approach aims to achieve total returns comparable to traditional index funds like the S&P [1]