Barings Bdc (NYSE:BBDC) Issues Earnings Results, Meets Estimates

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

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%

Shares of NYSE BBDC traded down $0.02 during midday trading on Friday, hitting $8.89. The company’s stock had a trading volume of 1,433,147 shares, compared to its average volume of 680,304. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.20. The business’s 50 day moving average is $8.51 and its two-hundred day moving average is $8.83. Barings Bdc has a 12-month low of $7.96 and a 12-month high of $9.92. The firm has a market cap of $930.35 million, a P/E ratio of 10.45 and a beta of 0.61.

Barings Bdc Announces Dividend

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

Analyst Ratings Changes

A number of equities analysts recently commented on BBDC shares. Lucid Cap Mkts raised Barings Bdc to a “hold” rating in a research note on Tuesday, April 28th. Weiss Ratings raised Barings Bdc from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, April 22nd. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Barings Bdc presently has an average rating of “Hold” and an average price target of $9.67.

Institutional Investors Weigh In On Barings Bdc

Several hedge funds and other institutional investors have recently modified their holdings of BBDC. BNP Paribas Financial Markets purchased a new stake in shares of Barings Bdc in the third quarter worth approximately $44,000. Aquatic Capital Management LLC purchased a new stake in shares of Barings Bdc in the third quarter worth approximately $64,000. PharVision Advisers LLC purchased a new stake in shares of Barings Bdc in the third quarter worth approximately $105,000. Goldman Sachs Group Inc. purchased a new stake in shares of Barings Bdc in the first quarter worth approximately $106,000. Finally, Cerity Partners LLC purchased a new stake in shares of Barings Bdc in the fourth quarter worth approximately $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).