Barings BDC (NYSE:BBDC) Posts Earnings Results

Barings BDC (NYSE:BBDC) released its earnings results on Wednesday. The company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01), Briefing.com reports. The firm had revenue of $70.85 million during the quarter, compared to analysts’ expectations of $70.48 million. Barings BDC had a net margin of 38.32% and a return on equity of 11.49%. During the same quarter in the previous year, the business earned $0.31 EPS.

Barings BDC Stock Up 0.1 %

Shares of NYSE BBDC traded up $0.01 during trading on Thursday, reaching $9.79. The company had a trading volume of 373,608 shares, compared to its average volume of 423,826. Barings BDC has a 12-month low of $8.55 and a 12-month high of $10.27. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.29. The business’s 50-day moving average is $9.80 and its 200 day moving average is $9.81. The stock has a market cap of $1.03 billion, a PE ratio of 9.40 and a beta of 0.67.

Analyst Ratings Changes

Separately, Wells Fargo & Company lifted their price target on shares of Barings BDC from $9.00 to $9.50 and gave the company an “equal weight” rating in a research report on Friday, July 26th.

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.