After a tumultuous October, BDC price/NAV turns back up amid favorable earnings

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BDC share prices are back on the mend this month amid favorable 3Q18 earnings following an extremely volatilie October which wiped out price based returns for many. After going into negative territory in October, the Wells Fargo BDC Index is recovering lost ground with a 3.68% year to date return. The average share price to net asset value has recovered to 0.88x this week after falling to a low of 0.84x in late October. And solid 3Q18 earnings for some are helping to lift BDC share prices this month.