Barings BDC (NYSE:BBDC) Posts Earnings Results, Beats Estimates By $0.10 EPS

Barings BDC (NYSE:BBDC) issued its earnings results on Wednesday. The company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.10, Briefing.com reports. Barings BDC had a return on equity of 10.77% and a net margin of 45.35%. The company had revenue of $74.89 million for the quarter, compared to analysts’ expectations of $70.75 million. During the same period last year, the business earned $0.31 EPS.

Barings BDC Stock Down 0.1 %

Shares of BBDC stock traded down $0.01 during trading hours on Friday, hitting $9.96. 397,518 shares of the company’s stock traded hands, compared to its average volume of 449,339. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.36. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of 8.10 and a beta of 0.67. The stock’s fifty day simple moving average is $9.86 and its two-hundred day simple moving average is $9.52. Barings BDC has a 12-month low of $8.55 and a 12-month high of $10.27.

Barings BDC Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 11th. Shareholders of record on Wednesday, September 4th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 10.44%. The ex-dividend date is Wednesday, September 4th. Barings BDC’s dividend payout ratio is currently 84.55%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Wells Fargo & Company lifted their price objective on Barings BDC from $9.00 to $9.50 and gave the stock an “equal weight” rating in a report on Friday, July 26th. Keefe, Bruyette & Woods raised their target price on shares of Barings BDC from $10.00 to $10.50 and gave the company a “market perform” rating in a research note on Thursday, May 23rd.

About Barings BDC

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.