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

Barings BDC (NYSE:BBDC) released its quarterly earnings data on Tuesday. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.01), Fidelity Earnings reports. Barings BDC had a negative return on equity of 0.80% and a negative net margin of 131.87%. The business had revenue of $19.60 million during the quarter, compared to analyst estimates of $19.89 million.

Shares of BBDC stock traded up $0.01 on Friday, hitting $9.80. The stock had a trading volume of 13,311 shares, compared to its average volume of 80,635. The business has a 50 day simple moving average of $9.90. The company has a current ratio of 22.46, a quick ratio of 22.46 and a debt-to-equity ratio of 1.06. Barings BDC has a 52-week low of $8.70 and a 52-week high of $12.39.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 18th. Stockholders of record on Wednesday, September 11th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Tuesday, September 10th. This is an increase from Barings BDC’s previous quarterly dividend of $0.13. This represents a $0.56 annualized dividend and a dividend yield of 5.71%.

Several research firms have recently issued reports on BBDC. Zacks Investment Research lowered shares of Barings BDC from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. ValuEngine upgraded shares of Barings BDC from a “buy” rating to a “strong-buy” rating in a research note on Thursday. Finally, National Securities restated a “buy” rating and issued a $13.00 target price on shares of Barings BDC in a research note on Monday, May 13th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $11.15.

Barings BDC Company Profile

Barings BDC, Inc (NYSE:BBDC) is a business development company specializing in private equity and mezzanine investments. It focuses on leveraged buyouts, management buyouts, ESOPs, change of control transactions, acquisition financings, growth financing, and recapitalizations in lower middle market, mature, and later stage companies.

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Earnings History for Barings BDC (NYSE:BBDC)

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