Barings BDC (NYSE:BBDC) Issues Earnings Results

Barings BDC (NYSE:BBDC) released its earnings results on Wednesday. The company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01), Briefing.com reports. The company had revenue of $70.85 million for the quarter, compared to the consensus estimate of $70.48 million. Barings BDC had a net margin of 39.59% and a return on equity of 11.22%. During the same period in the prior year, the company earned $0.31 earnings per share.

Barings BDC Price Performance

Shares of NYSE BBDC opened at $9.70 on Friday. The stock’s 50-day simple moving average is $9.79 and its two-hundred day simple moving average is $9.81. Barings BDC has a twelve month low of $8.55 and a twelve month high of $10.27. The firm has a market capitalization of $1.02 billion, a P/E ratio of 8.98 and a beta of 0.67. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.29.

Barings BDC Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Wednesday, December 4th will be issued a $0.26 dividend. The ex-dividend date is Wednesday, December 4th. This represents a $1.04 annualized dividend and a dividend yield of 10.72%. Barings BDC’s payout ratio is currently 96.30%.

Analyst Ratings Changes

Separately, Wells Fargo & Company increased their price target on Barings BDC from $9.00 to $9.50 and gave the stock an “equal weight” rating in a research note on Friday, July 26th.

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.