Barings Bdc (NYSE:BBDC) Posts Earnings Results, Beats Expectations By $0.03 EPS

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

Barings Bdc Stock Down 1.8%

BBDC traded down $0.15 during trading on Wednesday, hitting $8.42. The company had a trading volume of 644,548 shares, compared to its average volume of 532,552. The company has a market capitalization of $881.34 million, a PE ratio of 9.90 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 has a one year low of $7.96 and a one year high of $9.92. The firm’s 50-day moving average price is $8.41 and its 200 day moving average price is $8.60.

Barings Bdc Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, June 3rd were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 12.4%. The ex-dividend date was Wednesday, June 3rd. Barings Bdc’s dividend payout ratio (DPR) is presently 122.35%.

Insider Transactions at Barings Bdc

In other news, CEO Thomas Mcdonnell purchased 10,000 shares of the company’s stock in a transaction on Wednesday, June 3rd. The shares were purchased at an average price of $8.27 per share, with a total value of $82,700.00. Following the purchase, the chief executive officer directly owned 26,000 shares of the company’s stock, valued at $215,020. This trade represents a 62.50% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.60% of the company’s stock.

Hedge Funds Weigh In On Barings Bdc

A number of large investors have recently bought and sold shares of the company. UBS Group AG raised its holdings in shares of Barings Bdc by 2.3% in the third quarter. UBS Group AG now owns 1,208,479 shares of the company’s stock valued at $10,586,000 after purchasing an additional 27,419 shares during the last quarter. Invesco Ltd. increased its stake in Barings Bdc by 3.6% in the 3rd quarter. Invesco Ltd. now owns 1,160,864 shares of the company’s stock valued at $10,169,000 after buying an additional 40,771 shares during the last quarter. Focus Partners Wealth bought a new stake in Barings Bdc during the 4th quarter worth about $9,207,000. Franklin Resources Inc. boosted its stake in shares of Barings Bdc by 7.0% during the 3rd quarter. Franklin Resources Inc. now owns 884,841 shares of the company’s stock worth $7,751,000 after buying an additional 58,182 shares during the last quarter. Finally, Rivernorth Capital Management LLC boosted its stake in shares of Barings Bdc by 33.8% during the 4th quarter. Rivernorth Capital Management LLC now owns 806,071 shares of the company’s stock worth $7,400,000 after buying an additional 203,597 shares during the last quarter. Institutional investors and hedge funds own 44.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Weiss Ratings cut Barings Bdc from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, June 16th. Zacks Research downgraded shares of Barings Bdc from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. Finally, Lucid Cap Mkts upgraded shares of Barings Bdc to a “hold” rating in a report on Tuesday, April 28th. One investment analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average 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).