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.
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.
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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