Barings BDC (BBDC) Announces Quarterly Earnings Results, Beats Estimates By $0.01 EPS

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Barings BDC (NYSE:BBDC) announced its quarterly earnings results on Thursday, May 9th. The company reported $0.16 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.01, Fidelity Earnings reports. Barings BDC had a negative net margin of 131.87% and a negative return on equity of 0.80%. The firm had revenue of $18.34 million for the quarter, compared to analyst estimates of $18.02 million.

BBDC stock traded up $0.02 during midday trading on Friday, reaching $10.28. 142,342 shares of the stock were exchanged, compared to its average volume of 217,792. Barings BDC has a 52 week low of $8.70 and a 52 week high of $12.39. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.78 and a current ratio of 22.46.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 19th. Investors of record on Wednesday, June 12th will be given a dividend of $0.13 per share. The ex-dividend date is Tuesday, June 11th. This represents a $0.52 dividend on an annualized basis and a yield of 5.06%. This is a positive change from Barings BDC’s previous quarterly dividend of $0.12.

BBDC has been the topic of a number of recent research reports. National Securities reiterated a “buy” rating and set a $13.00 target price on shares of Barings BDC in a research note on Monday. Zacks Investment Research raised Barings BDC from a “strong sell” rating to a “hold” rating in a report on Friday, May 10th. Wells Fargo & Co started coverage on Barings BDC in a research note on Monday, March 11th. They set an “outperform” rating and a $11.00 price objective on the stock. Compass Point upgraded Barings BDC from a “neutral” rating to a “buy” rating and set a $9.61 price objective on the stock in a research note on Friday, March 1st. Finally, ValuEngine lowered Barings BDC from a “buy” rating to a “hold” rating in a research note on Monday, February 4th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Barings BDC presently has an average rating of “Buy” and an average target price of $11.20.

In other Barings BDC news, insider Jonathan Landsberg acquired 3,040 shares of the company’s stock in a transaction dated Friday, March 29th. The shares were bought at an average cost of $9.92 per share, with a total value of $30,156.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Geoff Craddock bought 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The stock was purchased at an average cost of $9.83 per share, with a total value of $49,150.00. The disclosure for this purchase can be found here. 0.29% of the stock is currently owned by insiders.

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Barings BDC Company Profile

Barings BDC, Inc (NYSE:BBDC) is a business development company specializing in private equity and mezzanine investments. It focuses on leveraged buyouts, management buyouts, ESOPs, change of control transactions, acquisition financings, growth financing, and recapitalizations in lower middle market, mature, and later stage companies.

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Earnings History for Barings BDC (NYSE:BBDC)

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