BDC Weekly Roundup 7/8/2011

Two weeks in a row of gains. Hopefully things are going to pick up, but the current yields on these securities are attractive. The BDCR Index gained 1.68% this past week from a level of 312.63 on 7/1/2011 to 316.56 for the week ending 7/8/2011. The major winners were NGPC (+8.36%) and KED (+7.73%) and the major losers was MCGC (-0.48%).

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News:
I will have an extended article up this week concerning dividends. It seems like the BDC companies have been in the spotlight (along with REITS) on the major news sites these past few weeks.
HRZN - Releases outlook - http://www.horizontechnologyfinancecorp.com/releasedetail.cfm?ReleaseID=589294
KED - Schedules earnings release - http://biz.yahoo.com/bw/110706/20110706006188.html?.v=1
MAIN - Closes a new $155m revolver with BB&T - http://www.bizjournals.com/tampabay/news/2011/07/08/bbt-extends-deal-to-main-street.html?ana=yfcpc
PSEC - Closed another $105m in investments (good to see they are putting that money to work)
TTO - Acquired a 40% interest in a PNM subsidiary - http://biz.yahoo.com/e/110706/tto8-k.html

BDC Weekly Roundup 7/1/2011

I hope everyone had a great 4th of July weekend. The posts have been coming a much slower rate due to me working on some new ways to source data. My current process is too time consuming and does not allow me to do the kind of in-depth analysis I would like to do.

The BDCR Index fought back and rose 2.31% this past week from a level of 305.41 on 6/27/2011 to 312.63 for the week ending 7/1/2011. The major winners were KED (+10.21%) and ACAS (+9.30%) and the major losers were EQS (-1.25%) and TCAP (-1.12%).
Chart:

News:
ACAS - Raising money through another stock, AGNC - http://seekingalpha.com/article/276766-mreit-american-capital-agency-s-secondary-provides-a-19-yield
KED - Boosts dividend by 22.6% and the stock soars - http://finance.yahoo.com/news/Kayne-Anderson-Energy-bw-2437001925.html?x=0&.v=1
NGPC - Announces new CFO - L. Scott Biar

BDC Weekly Roundup 6/17/2011

Been a busy few days here, but wow this is a rough market.

The BDCR Index had a slid another -1.47% this past week from a level of 309.35 on 6/10/2011 to 304.81 for the week ending 6/17/2011. The major winners were NGPC (+6.08%) and CODI (+5.52%) and the major losers were EQS (-6.30%) and MCGC (-5.51%).

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News:
ACAS - CEO Malon Wilkus buys 11,5000 shares, Senior VP Brian Graff unloads 926 shares
EQS - New board was elected without issues. - http://finance.yahoo.com/news/Equus-Announces-Results-of-iw-1454894910.html?x=0&.v=1
FSC - Releases newsletter - http://ir.fifthstreetfinance.com/phoenix.zhtml?c=216346&p=irol-newsArticle&ID=1572963&highlight=
Also, their CEO Leonard Tennebaum bought 10,000 shares on 6/14.
KCAP - Declares second quarter dividend of 17 cents (unchanged)

Motley Fool article on FSC and other BDCs - http://www.fool.com/investing/general/2011/06/18/is-fifth-street-finance-the-perfect-stock.aspx A bit ironic considering FSC (and of course PSEC) just did an equity raise this week.

BDC Weekly Roundup 6/10/2011

I am back! The test was difficult and I feel they did a poor job of testing the curriculum, but onwards and upwards.

The markets have been getting pummeled since my last post. The S&P 500 has declined about -3.96% and the BDCR Index has mirrored the decline by a -3.21% decline over that time as well. For the past week, the BDCR declined by -1.42% from a level of 313.81 on 6/3/2011 to 309.35 for the week ending 6/10/2011. The major winners were KCAP (+2.84%) and SLRC (+2.77%) and the major losers were TINY (-7.18%) and TTO (-5.74%).

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New:
No news articles this week, will restart those next week and begin content again.

BDC Weekly Roundup 5/6/2011

(EDITOR's NOTE: I will be on a reduced schedule for the next few weeks due to a certain exam. After that exam I intend on posting actual content and analysis with regularity again)

The BDCR Index had a downward slide this past week by an amount of -2.84% from a level of 328.66 on 4/29/2011 to 319.61 for the week ending 5/6/2011. The major winners were TCAP(+5.26%) and KFN(+1.19%) and the major losers were FSC (-8.03%) and EQS (-6.24%).

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