Barings Bdc (NYSE:BBDC) Issues Earnings Results

Barings Bdc (NYSE:BBDC) released its earnings results on Thursday. The company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.02), FiscalAI reports. The business had revenue of $64.29 million for the quarter, compared to the consensus estimate of $63.54 million. Barings Bdc had a return on equity of 10.07% and a net margin of 32.73%. During the same quarter in the previous year, the firm earned $0.22 earnings per share.

Barings Bdc Trading Down 0.8%

Shares of NYSE:BBDC traded down $0.07 during midday trading on Friday, hitting $8.67. 676,354 shares of the stock traded hands, compared to its average volume of 536,449. The stock has a market capitalization of $908.15 million, a PE ratio of 10.20 and a beta of 0.65. Barings Bdc has a one year low of $7.96 and a one year high of $9.53. The business’s 50 day moving average is $8.68 and its two-hundred day moving average is $8.67. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.24.

Barings Bdc Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 9th. Stockholders of record on Wednesday, December 2nd will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 12.0%. The ex-dividend date of this dividend is Wednesday, December 2nd. Barings Bdc’s dividend payout ratio is 125.30%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on BBDC. Wells Fargo & Company boosted their price objective on Barings Bdc from $9.50 to $10.00 and gave the company an “overweight” rating in a research note on Monday, August 10th. Zacks Research cut shares of Barings Bdc from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. Raymond James Financial set a $9.00 price objective on Barings Bdc in a research report on Thursday, October 22nd. Finally, Weiss Ratings lowered Barings Bdc from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, September 16th. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $9.50.

Trending Headlines about Barings Bdc

Here are the key news stories impacting Barings Bdc this week:

• Positive Sentiment: Barings BDC declared a quarterly cash dividend of $0.26 per share, payable December 9, equivalent to $1.04 annually and an indicated yield of about 11.8%. The payout may appeal to income-focused investors. Barings BDC Q3 results and dividend
• Positive Sentiment: Management outlined a plan to bring leverage to 1.15x–1.16x in Q4, alongside a $400 million CLO refinancing. Lower leverage could strengthen the balance sheet and improve financial flexibility. Leverage plan and CLO refinancing
• Neutral Sentiment: Quarterly revenue of $64.29 million exceeded the cited consensus estimate of $63.54 million, offering a partial offset to the earnings shortfall. Q3 earnings results
• Negative Sentiment: Reported EPS of $0.24 missed the $0.26 consensus estimate. The earnings disappointment is a near-term headwind, particularly for investors assessing whether income can comfortably support the dividend. Q3 earnings estimate comparison

Barings Bdc Company Profile

Barings BDC, Inc (NYSE:BBDC) is a business development company that provides financing to privately owned, middle-market businesses. The company seeks to support companies across a range of industries by investing in their debt and equity securities.

Barings BDC primarily invests in senior secured loans, including first-lien and second-lien debt, as well as subordinated debt and selected equity investments. Its portfolio companies are generally based in the United States and may use the financing for acquisitions, recapitalizations, refinancing, growth initiatives, and other corporate purposes.

The company was formerly known as Triangle Capital Corporation and adopted the Barings BDC name following a change in its investment management arrangements.