Barings Bdc (NYSE:BBDC) Announces Earnings Results

Barings Bdc (NYSE:BBDC) posted its quarterly earnings results on Thursday. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.05, Zacks reports. The company had revenue of $72.40 million for the quarter, compared to analyst estimates 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 posted $0.29 EPS.

Barings Bdc Price Performance

Barings Bdc stock traded down $0.07 during mid-day trading on Friday, hitting $8.94. 819,048 shares of the company were exchanged, compared to its average volume of 490,527. The company has a market capitalization of $939.60 million, a PE ratio of 9.31 and a beta of 0.70. The business has a fifty day moving average of $8.99 and a 200 day moving average of $9.14. Barings Bdc has a 1-year low of $7.66 and a 1-year high of $10.85. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.47.

Barings Bdc Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders 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 yield of 11.6%. The ex-dividend date is Wednesday, December 3rd. Barings Bdc’s dividend payout ratio is 108.33%.

Hedge Funds Weigh In On Barings Bdc

Institutional investors have recently added to or reduced their stakes in the company. Ausdal Financial Partners Inc. increased its holdings in shares of Barings Bdc by 5.0% during the second quarter. Ausdal Financial Partners Inc. now owns 29,403 shares of the company’s stock worth $269,000 after buying an additional 1,408 shares in the last quarter. Ameriprise Financial Inc. grew its position in Barings Bdc by 7.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 29,669 shares of the company’s stock worth $271,000 after acquiring an additional 2,100 shares during the last quarter. Curi Capital LLC increased its holdings in Barings Bdc by 8.2% during the 2nd quarter. Curi Capital LLC now owns 31,772 shares of the company’s stock valued at $290,000 after purchasing an additional 2,400 shares in the last quarter. Cetera Investment Advisers raised its position 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 purchasing an additional 6,681 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in Barings Bdc by 1.8% in the second quarter. Bank of America Corp DE now owns 476,325 shares of the company’s stock worth $4,354,000 after purchasing an additional 8,407 shares in the last quarter. 44.09% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “hold (c+)” rating on shares of Barings Bdc in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus 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.