Barings Bdc (NYSE:BBDC) Releases Quarterly Earnings Results, Misses Expectations By $0.02 EPS

Barings Bdc (NYSE:BBDC) issued its quarterly earnings results on Thursday. The company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.02), FiscalAI reports. The firm had revenue of $65.28 million for the quarter, compared to analysts’ expectations of $67.66 million. Barings Bdc had a net margin of 36.01% and a return on equity of 10.11%.

Barings Bdc Stock Down 0.4%

Shares of BBDC traded down $0.04 during mid-day trading on Thursday, hitting $9.12. 1,170,964 shares of the company’s stock were exchanged, compared to its average volume of 656,038. The stock’s 50-day moving average is $9.07 and its 200-day moving average is $9.09. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.10 and a current ratio of 0.10. Barings Bdc has a fifty-two week low of $7.66 and a fifty-two week high of $10.85. The company has a market cap of $959.06 million, a price-to-earnings ratio of 9.40 and a beta of 0.60.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Wells Fargo & Company lowered their price target on Barings Bdc from $10.00 to $9.50 and set an “overweight” rating for the company in a research report on Monday, November 10th. Keefe, Bruyette & Woods dropped their price target on shares of Barings Bdc from $10.00 to $9.50 and set a “market perform” rating on the stock in a research note on Monday, November 10th. Finally, Weiss Ratings upgraded Barings Bdc from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, February 11th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $9.67.

Institutional Trading of Barings Bdc

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets purchased a new stake in shares of Barings Bdc in the third quarter valued at $44,000. Aquatic Capital Management LLC purchased a new stake in Barings Bdc during the 3rd quarter worth about $64,000. Goldman Sachs Group Inc. acquired a new position in Barings Bdc in the 1st quarter valued at about $106,000. PharVision Advisers LLC purchased a new position in Barings Bdc in the 3rd quarter valued at about $105,000. Finally, Cerity Partners LLC acquired a new stake in shares of Barings Bdc during the 4th quarter worth about $114,000. Institutional investors and hedge funds own 44.09% of the company’s stock.

About Barings Bdc

Barings BDC Inc (NYSE: BBDC) is a closed-end, externally managed business development company that provides flexible financing solutions to middle-market companies. As an investment vehicle organized under the Investment Company Act of 1940, BBDC seeks to generate both current income and capital appreciation by investing primarily in senior secured loans, second lien loans, mezzanine debt and equity co-investments. The company targets established businesses across a diverse range of industries, including healthcare, industrials, consumer products and business services.

The company is sponsored and managed by Barings LLC, a global investment manager and subsidiary of Massachusetts Mutual Life Insurance Company (MassMutual).