Research Solutions (NASDAQ:RSSS) reported improved profitability in its fiscal 2026 third quarter, even as revenue declined from a year earlier and management said business-to-business churn remained a drag on growth. The company, which provides cloud-based research workflow too
Research Solutions (NASDAQ:RSSS) reported improved profitability in its fiscal 2026 third quarter, even as revenue declined from a year earlier and management said business-to-business churn remained a drag on growth. The company, which provides cloud-based research workflow too
NANO Nuclear Energy: Short-Squeeze or Rapid Meltdown AheadNextNav (NASDAQ:NN) executives said the company continues to advance its regulatory, testing and commercialization efforts tied to a proposed terrestrial complement and backup to GPS, while reporting a first-quarter net lo
NANO Nuclear Energy: Short-Squeeze or Rapid Meltdown AheadNextNav (NASDAQ:NN) executives said the company continues to advance its regulatory, testing and commercialization efforts tied to a proposed terrestrial complement and backup to GPS, while reporting a first-quarter net lo
NANO Nuclear Energy: Short-Squeeze or Rapid Meltdown AheadNano Nuclear Energy (NASDAQ:NNE) said it continues to advance its Kronos micro modular reactor program, highlighting a recent construction permit application tied to a planned deployment at the University of Illinois Urban
NANO Nuclear Energy: Short-Squeeze or Rapid Meltdown AheadNano Nuclear Energy (NASDAQ:NNE) said it continues to advance its Kronos micro modular reactor program, highlighting a recent construction permit application tied to a planned deployment at the University of Illinois Urban
Dragon Claws/iStock via Getty Images The first fiscal quarter decidedly took a wrong turn for Goldman Sachs BDC ( GSBD ), with the investment firm missing analyst expectations for net investment income by a massive $0.08 per share on May 7, 2026. The BDC suffered a severe deterioration in its dividend coverage as well as non-accrual ratio which led to a major sell-off for GSBD post-earnings. While...
Dragon Claws/iStock via Getty Images The first fiscal quarter decidedly took a wrong turn for Goldman Sachs BDC ( GSBD ), with the investment firm missing analyst expectations for net investment income by a massive $0.08 per share on May 7, 2026. The BDC suffered a severe deterioration in its dividend coverage as well as non-accrual ratio which led to a major sell-off for GSBD post-earnings. While general SaaS fears in the industry seem to be exaggerated, in my opinion, the Goldman Sachs BDC's increase in the non-accrual percentage and massive drop-off in net investment income are clearly concerns for high-yield investors. A dividend reset in the context of a 50% Y/Y drop-off in net investment income in Q1'26, in my opinion, is a near certainty, and I am therefore downgrading shares of Goldman Sachs BDC to 'Hold' only. Seeking Alpha Previous rating and concerns Goldman Sachs BDC was a ‘Buy’ for me in my last coverage in March -- Speculative Buy On Exaggerated SaaS Fears -- because I felt that the market was too negative about the private credit sector in light of growing investor concerns about AI and its impact on software companies. The BDC's dividend coverage ratio looked fine, however, which unfortunately just changed. In the first-quarter, Goldman Sachs BDC suffered a serious decline in its net investment income as well as a severe decline in its portfolio quality, which is now seriously pressuring the dividend. Massive increase in non-accruals, drop-off in NII sets GSBD up for dividend reset Goldman Sachs BDC is still heavily focused on first liens in its portfolio, which are typically highly secured and tend to have low loan loss rates. In the first quarter, Goldman Sachs BDC had a total of 97% of its assets invested in first liens, with only 3% falling into other asset groups, such as second liens, unsecured debt, and equity. Like so many other BDCs this earnings reporting season, Goldman Sachs BDC is seeing a compression of its debt yields in its portfolio ...