Barings BDC (NYSE:BBDC) Releases Earnings Results, Misses Estimates By $0.01 EPS

Barings BDC (NYSE:BBDC) announced its quarterly earnings data on Thursday. The company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.01), Zacks reports. The firm had revenue of $70.63 million during the quarter, compared to analyst estimates of $69.35 million. Barings BDC had a net margin of 38.54% and a return on equity of 10.91%.

Barings BDC Stock Up 2.8 %

Shares of BBDC stock opened at $10.80 on Friday. The stock’s 50-day simple moving average is $9.81 and its 200-day simple moving average is $9.85. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.11 and a current ratio of 0.11. The firm has a market capitalization of $1.14 billion, a PE ratio of 10.38 and a beta of 0.69. Barings BDC has a fifty-two week low of $8.96 and a fifty-two week high of $10.82.

Barings BDC Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, March 5th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 9.63%. The ex-dividend date is Wednesday, March 5th. Barings BDC’s dividend payout ratio is presently 100.00%.

Insider Activity

In other news, insider Michael James O’connor sold 29,424 shares of the company’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $9.70, for a total value of $285,412.80. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Stephen R. Byers bought 8,485 shares of the stock in a transaction dated Friday, December 13th. The stock was bought at an average price of $9.73 per share, for a total transaction of $82,559.05. Following the purchase, the director now directly owns 50,001 shares of the company’s stock, valued at approximately $486,509.73. The trade was a 20.44 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 14,048 shares of company stock valued at $136,772. Company insiders own 0.45% of the company’s stock.

Barings BDC Company Profile

Barings BDC, Inc is a publicly traded, externally managed investment company that has elected to be treated as a business development company under the Investment Company Act of 1940. It seeks to invest primarily in senior secured loans, first lien debt, unitranche, second lien debt, subordinated debt, equity co-investments and senior secured private debt investments in private middle-market companies that operate across a wide range of industries.