A comprehensive weekly update on the Business Development Company (BDC) sector, detailing stock performance, valuation metrics, and recent capital markets activity as of May 14, 2026.
Key Takeaways
- 1.BDC stocks experienced a mean decline of 3.8% over the past week, with significant outliers like Great Elm Capital Corp (+8.5%) and Prospect Capital (-20.7%).
- 2.The sector continues to trade at a discount to Net Asset Value (NAV), with a mean Price/NAV ratio of 0.80x.
- 3.Mean base dividend yields remain robust at 13.6%, though year-over-year quarterly base dividend growth for many constituents is flat or negative.
Table of Contents
- Total return charts
- Key statistics
- Graphs
- Current pricing summary
- Select financial data
- Recent issuance activity
- Key statistics – private BDCs
- Select financial data – private BDCs
- Transaction history
- Notes and disclosures
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Authors
Larry HermanClark MitchellJohn Henry Andress
Securities
ARCCMAINBXSLTRIN
Themes
BDC Valuation and Discount to NAVYield Generation in Middle Market LendingGrowth of Private BDCs
Regions
North AmericaUnited States