Analysts expect Barings BDC Inc (NYSE:BBDC) to post sales of $20.34 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Barings BDC’s earnings, with estimates ranging from $19.05 million to $22.16 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 quarterly earnings report on Thursday, November 14th.
According to Zacks, 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 expect that the business will post sales of $91.37 million, with estimates ranging from $82.91 million to $104.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Barings BDC.
Barings BDC (NYSE:BBDC) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.01). Barings BDC had a negative net margin of 152.61% and a negative return on equity of 1.28%. The firm had revenue of $19.60 million for the quarter, compared to analyst estimates of $19.89 million.
Shares of BBDC stock traded up $0.12 on Friday, hitting $10.21. The company’s stock had a trading volume of 223,989 shares, compared to its average volume of 179,308. The company has a current ratio of 4.79, a quick ratio of 4.79 and a debt-to-equity ratio of 1.08. The stock’s 50 day moving average is $9.90 and its 200-day moving average is $9.93. Barings BDC has a fifty-two week low of $8.70 and a fifty-two week high of $10.34.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Wednesday, September 11th were paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 5.48%. This is an increase from Barings BDC’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Tuesday, September 10th.
In other news, Director John Switzer acquired 3,000 shares of Barings BDC stock in a transaction on Wednesday, August 28th. The shares were purchased at an average cost of $9.88 per share, for a total transaction of $29,640.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.29% of the company’s stock.
A number of institutional investors have recently made changes to their positions in BBDC. Barings LLC bought a new position in shares of Barings BDC in the second quarter worth about $134,214,000. Rivernorth Capital Management LLC lifted its holdings in shares of Barings BDC by 14.7% in the second quarter. Rivernorth Capital Management LLC now owns 3,002,031 shares of the company’s stock worth $29,540,000 after acquiring an additional 385,563 shares during the last quarter. Brown Advisory Inc. lifted its holdings in shares of Barings BDC by 15.9% in the second quarter. Brown Advisory Inc. now owns 2,587,285 shares of the company’s stock worth $25,459,000 after acquiring an additional 355,900 shares during the last quarter. UBS Group AG lifted its holdings in shares of Barings BDC by 8.0% in the second quarter. UBS Group AG now owns 2,051,198 shares of the company’s stock worth $20,183,000 after acquiring an additional 152,229 shares during the last quarter. Finally, Punch & Associates Investment Management Inc. lifted its holdings in shares of Barings BDC by 33.8% in the first quarter. Punch & Associates Investment Management Inc. now owns 1,739,254 shares of the company’s stock worth $17,062,000 after acquiring an additional 439,585 shares during the last quarter. Hedge funds and other institutional investors own 96.14% of the company’s stock.
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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