Seeking Alpha
All posts from Seeking Alpha
Seeking Alpha in Seeking Alpha - Read, Decide, Invest.,

BDC Performance Since 2013

As discussed in many recent articles, 2014 was a tough year for BDCs due to them being removed from the S&P and Russell indices, continued interest rate fears, general declines in small caps, selling institutional shareholders over the last two quarters and December tax-loss sellers. More recently, investors have been concerned with oil and energy exposure among portfolio investments. BDCs have started to rebound and are up an average of 5% since mid-December.

(click to enlarge)

However, the average BDC is still down around 11% since the end of 2013. New Mountain Finance (NMFC), PennantPark Floating Rate Capital (PFLT) and TCP Capital (TCPC) have mostly recovered while Prospect Capital (PSEC), TICC Capital (TICC) and Medley Capital (MCC) are still down by over 20%.

The following table shows the performance of each company from the beginning of 2014 through February 6, 2015 along with dividend yields. I have… Read More …