Barings BDC Inc (NYSE:BBDC) Expected to Post Quarterly Sales of $20.34 Million

Wall Street analysts expect that Barings BDC Inc (NYSE:BBDC) will report sales of $20.34 million for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Barings BDC’s earnings. The highest sales estimate is $22.16 million and the lowest is $19.05 million. Barings BDC reported sales of $12.07 million in the same quarter last year, which indicates a positive year-over-year growth rate of 68.5%. The company is scheduled to report its next earnings results on Thursday, November 14th.

On average, analysts expect that Barings BDC will report full-year sales of $79.63 million for the current year, with estimates ranging from $77.08 million to $84.00 million. For the next year, analysts anticipate that the company will post sales of $91.37 million, with estimates ranging from $82.91 million to $104.00 million. Zacks’ sales averages are an average based on a survey of research firms that cover Barings BDC.

Barings BDC (NYSE:BBDC) last released its earnings results on Tuesday, July 30th. The company reported $0.15 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.01). Barings BDC had a negative return on equity of 1.28% and a negative net margin of 152.61%. The firm had revenue of $19.60 million for the quarter, compared to analyst estimates of $19.89 million.

BBDC has been the topic of several analyst reports. Zacks Investment Research lowered shares of Barings BDC from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. National Securities reaffirmed a “buy” rating and set a $13.00 target price on shares of Barings BDC in a report on Monday, May 13th. Finally, ValuEngine raised shares of Barings BDC from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 1st. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $11.15.

NYSE BBDC traded down $0.02 during trading hours on Tuesday, hitting $9.74. The company’s stock had a trading volume of 162,896 shares, compared to its average volume of 182,352. The stock has a fifty day moving average of $9.89. Barings BDC has a twelve month low of $8.70 and a twelve month high of $10.79. The company has a debt-to-equity ratio of 1.08, a current ratio of 4.79 and a quick ratio of 4.79.

The company also recently disclosed 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. This is a positive change from Barings BDC’s previous quarterly dividend of $0.13. This represents a $0.56 dividend on an annualized basis and a dividend yield of 5.75%. The ex-dividend date is Tuesday, September 10th.

Large investors have recently bought and sold shares of the company. Wells Fargo & Company MN lifted its position in shares of Barings BDC by 10.6% during the 2nd quarter. Wells Fargo & Company MN now owns 255,689 shares of the company’s stock valued at $2,516,000 after acquiring an additional 24,459 shares during the period. Sigma Planning Corp bought a new position in Barings BDC during the second quarter valued at about $99,000. Strategic Financial Group LLC bought a new position in Barings BDC during the second quarter valued at about $192,000. FNY Investment Advisers LLC grew its position in Barings BDC by 32.9% during the second quarter. FNY Investment Advisers LLC now owns 9,300 shares of the company’s stock valued at $91,000 after buying an additional 2,300 shares during the period. Finally, Clearbridge Investments LLC bought a new position in Barings BDC during the first quarter valued at about $2,531,000. 40.32% of the stock is currently owned by institutional investors.

About Barings BDC

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 and Estimates for Barings BDC (NYSE:BBDC)

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