Barings Bdc (NYSE:BBDC) Releases Quarterly Earnings Results

Barings Bdc (NYSE:BBDC) announced its earnings results on Wednesday. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.03, Zacks reports. The business had revenue of $54.58 million during the quarter, compared to analyst estimates of $60.88 million. Barings Bdc had a return on equity of 10.08% and a net margin of 32.45%.During the same quarter in the previous year, the business earned $0.28 earnings per share.

Barings Bdc Trading Down 1.8%

Shares of NYSE:BBDC traded down $0.15 during trading on Wednesday, reaching $8.42. 644,548 shares of the company were exchanged, compared to its average volume of 711,717. The firm has a market capitalization of $881.34 million, a PE ratio of 9.90 and a beta of 0.58. The business’s fifty day simple moving average is $8.42 and its 200-day simple moving average is $8.60. Barings Bdc has a 12-month low of $7.96 and a 12-month high of $9.92. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.12 and a quick ratio of 0.12.

Barings Bdc Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, June 3rd were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 12.4%. The ex-dividend date was Wednesday, June 3rd. Barings Bdc’s dividend payout ratio is currently 122.35%.

Insider Buying and Selling at Barings Bdc

In other news, CEO Thomas Mcdonnell purchased 10,000 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The stock was purchased at an average price of $8.27 per share, for a total transaction of $82,700.00. Following the completion of the acquisition, the chief executive officer owned 26,000 shares of the company’s stock, valued at approximately $215,020. This trade represents a 62.50% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.60% of the company’s stock.

Institutional Inflows and Outflows

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

Analysts Set New Price Targets

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

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).