Since December 2023, I have been long Gladstone Investment (NASDAQ: GAIN ), making a case that the monthly yield here is safe and that investors could also expect stable performance going forward, even though the BDC market, currently, seems to be rather challenging.Roberts Berzins has over a decade of experience in the financial management helping top-tier corporates shape their financial strategies and execute large-scale financings. He has also made significant efforts to institutionalize REIT framework ...

CHICAGO, Nov. 12, 2024 (GLOBE NEWSWIRE) -- Monroe Capital Corporation (NASDAQ: MRCC) today announced its financial results for the third quarter ended September 30, 2024. Except where the context suggests otherwise, the terms “Company,” “we,” “us,” and “our” refer to Monroe Capital Corporation (together with its subsidiaries). Third Quarter 2024 Financial Highlights Net Investment Income ("NII") of $6.5 million, or $0.30 per shareAdjusted Net Investment Income (a non-GAAP measure described below) of $6.6 mi ...

LOS ANGELES, Nov. 12, 2024 (GLOBE NEWSWIRE) -- Crescent Capital BDC, Inc. (“Crescent BDC” or “Company”) (NASDAQ: CCAP) today reported net investment income of $0.64 per share and net income of $0.41 per share for the quarter ended September 30, 2024. Reported net asset value per share was $20.20 as of September 30, 2024. Dividend Declarations   The Company’s Board of Directors (the “Board”) declared a fourth quarter 2024 regular cash dividend of $0.42 per share to stockholders of record as of December 31, 2 ...

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 theCheck out Systematic Income and explore our Income Portfolios, engineered with both yield and risk management considerations. Use our powerful Interactive Investor Tools to navigate the BDC, CEF, OEF, preferred and baby bond markets.Read our ...

NEW YORK, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Chicago Atlantic BDC, Inc. (“LIEN” or the “Company”) (NASDAQ: LIEN), formerly Silver Spike Investment Corp., a specialty finance company that has elected to be regulated as a business development company, today announced its financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Highlights and Subsequent Events Total investment income of $3.2 millionNet investment income of $0.0 million, or $0.00 per shareInvestment portfolio of $55.8 ...

BDC-4182 demonstrated compelling anti-tumor activity and an acceptable safety profile in preclinical studies BDC-4182 outperformed cytotoxic claudin 18.2 ADCs in syngeneic model Learnings from BDC-1001 data suggest Boltbody™ ISACs with enhanced immune activation could offer greater efficacy, warranting further testing REDWOOD CITY, Calif., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Bolt Biotherapeutics (Nasdaq: BOLT), a clinical-stage biopharmaceutical company developing novel immunotherapies for the treatment of c ...

I am a writer with diverse interests from creative writing to physics to tennis and music. Another interest is markets/investing. I live on the Israeli Golan Heights.I believe in research as a critical component of any investing decision. I find company dynamics and adjustments to market conditions a very interesting interplay. I enjoy writing about companies and managing my portfolio - and learning about the markets.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of t ...

Group 1 - The article discusses market activity in the Business Development Company (BDC) sector, focusing on both individual news and events as well as broader market trends [1] - It highlights the importance of yield and risk management considerations in investment strategies related to BDCs [1] Group 2 - The article includes a visual representation of cumulative performance data from 2017 to 2023, showing significant fluctuations in performance across the years [2] - The data indicates a peak performance of 1212% in 2021, followed by a decline of -19% in 2022, and a recovery trend in 2023 [2]

Financial Data and Key Metrics - Revenue for Q3 2024 was $655 million, up 8% sequentially and exceeding the high end of guidance [6] - Earnings per share (EPS) came in at $1.70, up 13% sequentially [6] - Adjusted EBITDA margins increased by 70 basis points sequentially to 17.2% [6] - Trailing-twelve-month free cash flow was $211 million, in line with recent performance [8] - Net income was $71 million, up from $62 million in the prior quarter [19] Business Segment Performance - Automation Solutions revenue declined by 3% organically year-over-year, with EBITDA margins at 21.4%, down from 22.5% in the prior year [20] - Smart Infrastructure Solutions revenue grew 13% year-over-year, with EBITDA margins at 12.7%, down from 13.3% in the prior year [21][22] - Orders in Automation Solutions were up 25% year-over-year, while Smart Infrastructure orders were up 31% year-over-year [18][23] Market Performance - Organic revenue growth returned to the Americas region, which constitutes over 60% of the business, with 1% year-over-year growth [7] - EMEA and APAC regions showed tempered results, but APAC is expected to improve with potential stimulus in China [7][61] Strategic Direction and Industry Competition - The company is focusing on solutions transformation, integrating IT and OT systems, and leveraging acquisitions like Voleatech to enhance cybersecurity capabilities [11][38] - The acquisition of Voleatech for $6 million accelerates the unification of security layers across active products [38] - The company is targeting mid-single-digit organic growth, 30% incremental EBITDA margins, and $200 million in capital deployment to achieve $8 EPS by 2025 [58] Management Commentary on Operating Environment and Future Outlook - Customers remain cautious, but the company expects steady order patterns and revenue growth in Q4, with revenue guidance of $645 million to $660 million [28] - The company is well-positioned for the next investment cycle, with a focus on high-data-need verticals and solutions-driven growth [31][32] - Economic indicators such as inflation and manufacturing PMI are encouraging, but the forward view is limited due to the short-cycle nature of the business [34] Other Important Information - The company repurchased 1.2 million shares year-to-date, using $115 million of free cash flow [10] - The Precision Optical acquisition contributed $34.5 million in revenue during Q3 [36] - The company maintains a strong balance sheet with a net leverage ratio of 2.1x and plans to reduce it to 1.5x over the long term [25][26] Q&A Session Summary Precision Optical and Voleatech Acquisitions - Precision Optical closed at the end of Q2 and contributed $34.5 million in revenue in Q3, in line with expectations [36] - Voleatech, a $6 million acquisition, is strategically important for unifying security layers across active products, though its revenue contribution is less than $1 million annually [38][39] Industrial End Markets and Recovery - Discrete automation markets remain weak, but other verticals like process and energy showed strength in Q3 [41] - The company expects a rebound in industrial markets, particularly in mass transit, hospitality, and healthcare, driven by integrated solutions [42] Margin and Growth Outlook - Gross margins are expected to improve by 50 to 75 basis points annually, driven by mid-single-digit growth and increased solutions sales [46] - Smart Infrastructure growth is driven by broadband investments and DOCSIS 4.0 upgrades, while Automation Solutions is seeing gradual improvement in process and energy verticals [49][50] Inventory and Destocking Trends - Inventory levels at distributors are consistent with long-term trends, but POS acceleration is still needed to fully recover from destocking [55][56] APAC Market and China Stimulus - APAC, particularly China, is expected to improve with potential stimulus, especially in mass transit, data centers, and power transmission [61][62] Customer Investment Plans - The sales funnel for projects is up mid to high single digits year-to-date, with strong growth in data and network solutions [65] - Customers are increasingly seeking integrated IT/OT systems and unified hardware-software stacks, aligning with the company's solutions strategy [66][67] Acquisition Strategy - The company is focused on edge hardware, wireless, and security acquisitions to enhance its solutions portfolio [70] - Voleatech differs from the previous Tripwire acquisition, focusing on network access control rather than compliance software [75] Smart Infrastructure Growth Drivers - The majority of Smart Infrastructure growth is driven by internal restructuring and solutions-focused sales, with some contribution from market recovery [77][78]

| --- | --- | |------------------------------------------------|-------| | | | | l@ Belden | | | 3RD QUARTER 2024 EARNINGS RESULTS October 2024 | | | Connect to what's possible. | | Forward-Looking Statements and Non-GAAP Financial Measures Forward-Looking Statements Our commentary and responses to your questions may contain forward-looking statements, includinq our outlook for the fourth quarter of 2024 and beyond. Forward-looking statements include projections of sales, earnings, general economic conditio ...