Barings Bdc (NYSE:BBDC) Issues Earnings Results

Barings Bdc (NYSE:BBDC) released its earnings results on Thursday. The company reported $0.25 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.25, Zacks reports. The company had revenue of $54.66 million for the quarter, compared to analyst estimates of $62.54 million. Barings Bdc had a net margin of 32.45% and a return on equity of 10.05%. During the same period in the prior year, the firm earned $0.25 EPS.

Here are the key takeaways from Barings Bdc’s conference call:

• Three Class II directors were reelected: Stephen Byers, Valerie Lancaster-Beal, and John A. Switzer were each reelected to three-year terms, maintaining board continuity.
• A quorum was present with 51.69% of outstanding shares represented (54,133,359 of 104,706,884), allowing the meeting and votes to proceed.
• The company confirmed distribution of its 2025 Annual Report (financial statements audited by KPMG) to stockholders and made it available on the company website.
• The Inspector of Election’s results will be filed with the meeting records and the company expects to report the voting results on a Form 8-K within four business days.

Barings Bdc Trading Down 0.2%

NYSE:BBDC traded down $0.02 on Friday, reaching $8.89. The stock had a trading volume of 1,433,147 shares, compared to its average volume of 680,304. The company has a market cap of $930.35 million, a price-to-earnings ratio of 10.45 and a beta of 0.61. 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 0.20, a current ratio of 0.10 and a quick ratio of 0.10. The firm’s fifty day moving average is $8.51 and its two-hundred day moving average is $8.83.

Barings Bdc Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Wednesday, June 3rd will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 11.7%. The ex-dividend date is Wednesday, June 3rd. Barings Bdc’s dividend payout ratio is 122.35%.

Wall Street Analyst Weigh In

BBDC has been the topic of a number of recent research reports. Weiss Ratings upgraded shares of Barings Bdc from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, April 22nd. Lucid Cap Mkts upgraded shares of Barings Bdc to a “hold” rating in a report on Tuesday, April 28th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Barings Bdc currently has an average rating of “Hold” and an average target price of $9.67.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of BBDC. BNP Paribas Financial Markets purchased a new position in shares of Barings Bdc during the 3rd quarter worth about $44,000. Aquatic Capital Management LLC purchased a new position in shares of Barings Bdc during the 3rd quarter worth 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. purchased a new position in shares of Barings Bdc during the 1st quarter worth about $106,000. Finally, Cerity Partners LLC purchased a new position in shares of Barings Bdc during the 4th quarter worth about $114,000. 44.09% of the stock is currently owned by hedge funds and other institutional investors.

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).