Barings Bdc (NYSE:BBDC) Announces Earnings Results

Barings Bdc (NYSE:BBDC) issued its quarterly earnings results on Thursday. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.05, Zacks reports. The company had revenue of $72.40 million during the quarter, compared to analysts’ expectations of $69.71 million. Barings Bdc had a net margin of 35.67% and a return on equity of 9.76%. During the same period last year, the business earned $0.29 EPS.

Barings Bdc Stock Performance

Shares of NYSE BBDC traded down $0.07 during midday trading on Friday, hitting $8.94. 819,048 shares of the company’s stock were exchanged, compared to its average volume of 490,527. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $939.60 million, a PE ratio of 9.31 and a beta of 0.70. Barings Bdc has a 12 month low of $7.66 and a 12 month high of $10.85. The company’s 50 day moving average price is $8.99 and its 200 day moving average price is $9.14.

Barings Bdc Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Wednesday, December 3rd will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 11.6%. The ex-dividend date of this dividend is Wednesday, December 3rd. Barings Bdc’s dividend payout ratio (DPR) is presently 108.33%.

Hedge Funds Weigh In On Barings Bdc

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. acquired a new position in shares of Barings Bdc in the first quarter valued at $106,000. Caxton Associates LLP bought a new stake in shares of Barings Bdc during the 1st quarter worth about $216,000. Cetera Investment Advisers grew its stake in Barings Bdc by 8.9% in the 2nd quarter. Cetera Investment Advisers now owns 82,171 shares of the company’s stock valued at $751,000 after buying an additional 6,681 shares during the last quarter. Quantbot Technologies LP bought a new position in Barings Bdc in the 2nd quarter valued at about $236,000. Finally, Invesco Ltd. lifted its position in Barings Bdc by 1.3% during the second quarter. Invesco Ltd. now owns 1,120,093 shares of the company’s stock worth $10,238,000 after acquiring an additional 14,377 shares during the last quarter. 44.09% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Barings Bdc in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $9.67.

About Barings Bdc

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.