Barings BDC (NYSE:BBDC) Releases Earnings Results, Misses Estimates By $0.01 EPS

Barings BDC (NYSE:BBDC) announced its quarterly earnings results on Thursday. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.01), Zacks reports. Barings BDC had a return on equity of 11.24% and a net margin of 39.59%.

Barings BDC Stock Up 0.5 %

Barings BDC stock traded up $0.06 during trading on Thursday, hitting $10.52. 553,912 shares of the company were exchanged, compared to its average volume of 414,028. The company has a market capitalization of $1.11 billion, a P/E ratio of 9.74 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. The business’s 50 day moving average is $9.78 and its 200 day moving average is $9.83. Barings BDC has a 52 week low of $8.96 and a 52 week high of $10.52.

Barings BDC Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, March 5th will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 9.89%. Barings BDC’s dividend payout ratio (DPR) is currently 96.30%.

Insider Buying and Selling at Barings BDC

In other news, insider Michael James O’connor sold 29,424 shares of the stock in a transaction on Thursday, December 12th. The stock was 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 this hyperlink. Also, Director Stephen R. Byers acquired 8,485 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The shares were bought at an average cost of $9.73 per share, for a total transaction of $82,559.05. Following the acquisition, the director now directly owns 50,001 shares in the company, valued at $486,509.73. This represents a 20.44 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired 14,048 shares of company stock worth $136,772 in the last quarter. 0.45% of the stock is currently owned by company insiders.

Barings BDC Company Profile

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.