What’s New in BDC Land: Golub Capital, Ares Capital and Monroe Capital Corp.

It's earnings season for a little-followed niche of the financial market: business development companies. From billion-dollar giants like Golub Capital BDC (NASDAQ: GBDC) and Ares Capital (NASDAQ: ARCC) to relative small fry like Monroe Capital Corp. (NASDAQ: MRCC), there are a few interesting developments worth discussing in more detail. And given their high dividend yields, their stocks are well worth looking at.

This quarter, Golub reported a rather sizable (in percentage terms) impairment on Ignite Restaurant Group, better known as the corporate holding company for restaurant brands that include Joe's Crab Shack. Ignite recently filed for bankruptcy.

When prompted by an analyst on the conference call, CEO David Golub shared some interesting detail about how this investment differed from other credits in the BDC's portfolio:

Source: Fool.com