Barings BDC (NYSE:BBDC) Posts Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Barings BDC (NYSE:BBDC) released its quarterly earnings results on Thursday. The company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.01), Zacks reports. Barings BDC had a net margin of 39.59% and a return on equity of 11.24%. The firm had revenue of $70.63 million for the quarter, compared to the consensus estimate of $69.35 million.

Barings BDC Stock Performance

BBDC stock opened at $10.52 on Friday. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.29. The firm has a market cap of $1.11 billion, a PE ratio of 9.74 and a beta of 0.69. The business has a 50 day moving average of $9.79 and a 200-day moving average of $9.84. Barings BDC has a 12-month low of $8.96 and a 12-month high of $10.52.

Barings BDC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, March 5th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 9.89%. Barings BDC’s dividend payout ratio is currently 96.30%.

Insider Activity at Barings BDC

In related news, insider Michael James O’connor sold 29,424 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $9.70, for a total transaction of $285,412.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Stephen R. Byers acquired 8,485 shares of the stock in a transaction on Friday, December 13th. The stock was bought at an average cost of $9.73 per share, for a total transaction of $82,559.05. Following the transaction, the director now owns 50,001 shares of the company’s stock, valued at approximately $486,509.73. This trade represents a 20.44 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 14,048 shares of company stock valued at $136,772. 0.45% of the stock is owned by insiders.

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.