Barings BDC (NYSE:BBDC) Posts Quarterly Earnings Results

Barings BDC (NYSE:BBDC) issued its earnings results on Thursday. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.01), Zacks reports. Barings BDC had a return on equity of 10.91% and a net margin of 38.54%. The firm had revenue of $70.63 million during the quarter, compared to analysts’ expectations of $69.35 million.

Barings BDC Trading Up 2.8 %

BBDC opened at $10.80 on Friday. The firm has a market cap of $1.14 billion, a price-to-earnings ratio of 10.38 and a beta of 0.69. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.29. Barings BDC has a 12 month low of $8.96 and a 12 month high of $10.82. The stock has a fifty day moving average price of $9.81 and a 200-day moving average price of $9.85.

Barings BDC Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, March 5th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 9.63%. The ex-dividend date is Wednesday, March 5th. Barings BDC’s payout ratio is 100.00%.

Insider Transactions at Barings BDC

In other Barings BDC news, Director Stephen R. Byers bought 8,485 shares of Barings BDC stock in a transaction that occurred on Friday, December 13th. The shares were bought at an average cost of $9.73 per share, with a total value of $82,559.05. Following the transaction, the director now directly owns 50,001 shares of the company’s stock, valued at approximately $486,509.73. This represents a 20.44 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael James O’connor sold 29,424 shares of the company’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $9.70, for a total value of $285,412.80. The disclosure for this sale can be found here. In the last three months, insiders purchased 14,048 shares of company stock valued at $136,772. Corporate insiders own 0.45% of the company’s stock.

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.