Barings Bdc (NYSE:BBDC) Issues Earnings Results

Barings Bdc (NYSE:BBDC) posted its quarterly earnings results on Wednesday. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.03, Zacks reports. The company had revenue of $54.58 million during the quarter, compared to the consensus estimate of $60.10 million. Barings Bdc had a net margin of 32.73% and a return on equity of 10.04%. During the same period last year, the firm earned $0.28 EPS.

Barings Bdc Trading Down 0.5%

Shares of BBDC traded down $0.04 on Friday, hitting $9.15. 712,099 shares of the stock traded hands, compared to its average volume of 718,714. Barings Bdc has a 1 year low of $7.96 and a 1 year high of $9.92. The stock’s 50 day moving average is $8.42 and its two-hundred day moving average is $8.60. The firm has a market capitalization of $958.62 million, a P/E ratio of 11.03 and a beta of 0.58. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.25.

Barings Bdc Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Wednesday, September 2nd will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 11.4%. The ex-dividend date of this dividend is Wednesday, September 2nd. Barings Bdc’s payout ratio is currently 122.35%.

Analyst Upgrades and Downgrades

BBDC has been the topic of a number of research analyst reports. Zacks Research downgraded Barings Bdc from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. Lucid Cap Mkts raised Barings Bdc to a “hold” rating in a research note on Tuesday, April 28th. Finally, Weiss Ratings lowered shares of Barings Bdc from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, June 16th. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $9.50.

Insider Buying and Selling

In other Barings Bdc news, CEO Thomas Mcdonnell purchased 10,000 shares of the business’s stock in a transaction on Wednesday, June 3rd. The stock was bought at an average cost of $8.27 per share, for a total transaction of $82,700.00. Following the acquisition, the chief executive officer owned 26,000 shares of the company’s stock, valued at approximately $215,020. The trade was a 62.50% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.60% of the company’s stock.

Hedge Funds Weigh In On Barings Bdc

Several institutional investors have recently added to or reduced their stakes in BBDC. BNP Paribas Financial Markets acquired a new stake in Barings Bdc in the 3rd quarter worth about $44,000. Aquatic Capital Management LLC acquired a new position in shares of Barings Bdc during the 3rd quarter valued at about $64,000. PharVision Advisers LLC purchased a new position in shares of Barings Bdc during the 3rd quarter worth about $105,000. Goldman Sachs Group Inc. acquired a new stake in shares of Barings Bdc in the first quarter worth approximately $106,000. Finally, Cerity Partners LLC purchased a new stake in Barings Bdc in the fourth quarter valued at approximately $114,000. 44.09% of the stock is currently owned by institutional investors and hedge funds.

About Barings Bdc

Barings BDC Inc (NYSE: BBDC) is a closed-end, externally managed business development company that provides flexible financing solutions to middle-market companies. As an investment vehicle organized under the Investment Company Act of 1940, BBDC seeks to generate both current income and capital appreciation by investing primarily in senior secured loans, second lien loans, mezzanine debt and equity co-investments. The company targets established businesses across a diverse range of industries, including healthcare, industrials, consumer products and business services.

The company is sponsored and managed by Barings LLC, a global investment manager and subsidiary of Massachusetts Mutual Life Insurance Company (MassMutual).