Barings Bdc (NYSE:BBDC) Releases Quarterly Earnings Results, Beats Expectations By $0.05 EPS

Barings Bdc (NYSE:BBDC) posted its quarterly earnings results on Thursday. The company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.05, Zacks reports. Barings Bdc had a net margin of 35.67% and a return on equity of 9.76%. The business had revenue of $72.40 million during the quarter, compared to the consensus estimate of $69.71 million. During the same period in the previous year, the firm posted $0.29 earnings per share.

Barings Bdc Trading Down 0.7%

Shares of BBDC stock traded down $0.07 on Friday, hitting $8.94. The stock had a trading volume of 819,048 shares, compared to its average volume of 490,527. Barings Bdc has a twelve month low of $7.66 and a twelve month high of $10.85. The firm has a market cap of $939.60 million, a P/E ratio of 9.31 and a beta of 0.70. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.47. The company has a fifty day moving average price of $8.99 and a two-hundred day moving average price of $9.14.

Barings Bdc Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Wednesday, December 3rd will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 11.6%. The ex-dividend date of this dividend is Wednesday, December 3rd. Barings Bdc’s dividend payout ratio (DPR) is currently 108.33%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Barings Bdc in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Barings Bdc presently has an average rating of “Moderate Buy” and an average price target of $9.67.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BBDC. Goldman Sachs Group Inc. acquired a new position in Barings Bdc in the first quarter valued at about $106,000. Caxton Associates LLP acquired a new stake in shares of Barings Bdc during the first quarter worth about $216,000. Brevan Howard Capital Management LP lifted its holdings in shares of Barings Bdc by 53.6% during the 2nd quarter. Brevan Howard Capital Management LP now owns 24,263 shares of the company’s stock valued at $222,000 after purchasing an additional 8,467 shares in the last quarter. Quantbot Technologies LP acquired a new position in shares of Barings Bdc in the 2nd quarter valued at approximately $236,000. Finally, Ausdal Financial Partners Inc. grew its position in shares of Barings Bdc by 5.0% in the 2nd quarter. Ausdal Financial Partners Inc. now owns 29,403 shares of the company’s stock valued at $269,000 after purchasing an additional 1,408 shares during the period. 44.09% of the stock is currently owned by institutional investors.

Barings Bdc Company Profile

Barings BDC, Inc is a publicly traded, externally managed investment company that has elected to be treated as a business development company under the Investment Company Act of 1940. It seeks to invest primarily in senior secured loans, first lien debt, unitranche, second lien debt, subordinated debt, equity co-investments and senior secured private debt investments in private middle-market companies that operate across a wide range of industries.