Barings Bdc (NYSE:BBDC) Releases Earnings Results, Beats Expectations By $0.01 EPS

Barings Bdc (NYSE:BBDC) released its quarterly earnings data on Thursday. The company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.01, Zacks reports. The business had revenue of $65.28 million for the quarter, compared to analysts’ expectations of $67.66 million. Barings Bdc had a net margin of 36.01% and a return on equity of 10.11%. During the same quarter last year, the company earned $0.28 EPS.

Barings Bdc Stock Up 1.9%

NYSE BBDC opened at $9.25 on Friday. The stock’s 50 day moving average is $9.08 and its two-hundred day moving average is $9.09. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $972.73 million, a price-to-earnings ratio of 9.56 and a beta of 0.60. Barings Bdc has a 1-year low of $7.66 and a 1-year high of $10.85.

Barings Bdc Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 11th. Shareholders of record on Wednesday, March 4th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 11.2%. The ex-dividend date is Wednesday, March 4th. Barings Bdc’s dividend payout ratio is 107.22%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on BBDC shares. Keefe, Bruyette & Woods lowered their price objective on shares of Barings Bdc from $10.00 to $9.50 and set a “market perform” rating on the stock in a research note on Monday, November 10th. Weiss Ratings raised Barings Bdc from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, February 11th. Finally, Wells Fargo & Company reduced their price objective on shares of Barings Bdc from $10.00 to $9.50 and set an “overweight” rating for the company in a research report on Monday, November 10th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $9.67.

Institutional Trading of Barings Bdc

Institutional investors have recently bought and sold shares of the business. BNP Paribas Financial Markets bought a new position in shares of Barings Bdc in the 3rd quarter worth $44,000. Aquatic Capital Management LLC bought a new stake in shares of Barings Bdc in the 3rd quarter valued at about $64,000. Goldman Sachs Group Inc. acquired a new stake in shares of Barings Bdc in the 1st quarter valued at approximately $106,000. PharVision Advisers LLC bought a new position in Barings Bdc during the 3rd quarter worth approximately $105,000. Finally, Cerity Partners LLC acquired a new position in Barings Bdc during the fourth quarter valued at approximately $114,000. Institutional investors and hedge funds own 44.09% of the company’s stock.

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).