Wall Street brokerages predict that Barings BDC Inc (NYSE:BBDC) will post sales of $16.88 million for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Barings BDC’s earnings, with estimates ranging from $15.72 million to $18.01 million. Barings BDC reported sales of $19.30 million during the same quarter last year, which suggests a negative year over year growth rate of 12.5%. The company is expected to issue its next earnings report on Tuesday, November 3rd.
On average, analysts expect that Barings BDC will report full-year sales of $69.10 million for the current financial year, with estimates ranging from $67.02 million to $70.77 million. For the next financial year, analysts forecast that the firm will post sales of $72.95 million, with estimates ranging from $70.75 million to $75.89 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that that provide coverage for Barings BDC.
Barings BDC (NYSE:BBDC) last issued its earnings results on Wednesday, August 5th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). The firm had revenue of $16.14 million during the quarter, compared to analyst estimates of $17.52 million. Barings BDC had a positive return on equity of 5.58% and a negative net margin of 57.90%.
Large investors have recently made changes to their positions in the business. RiverNorth Capital Management LLC lifted its holdings in shares of Barings BDC by 40.2% in the first quarter. RiverNorth Capital Management LLC now owns 3,946,404 shares of the company’s stock valued at $29,519,000 after purchasing an additional 1,131,152 shares in the last quarter. UBS Group AG lifted its holdings in shares of Barings BDC by 16.3% in the second quarter. UBS Group AG now owns 2,517,806 shares of the company’s stock valued at $19,991,000 after purchasing an additional 352,497 shares in the last quarter. Cliffwater LLC lifted its holdings in shares of Barings BDC by 118.2% in the second quarter. Cliffwater LLC now owns 636,012 shares of the company’s stock valued at $5,050,000 after purchasing an additional 344,572 shares in the last quarter. Dimension Capital Management LLC lifted its holdings in shares of Barings BDC by 23.3% in the first quarter. Dimension Capital Management LLC now owns 1,661,769 shares of the company’s stock valued at $12,430,000 after purchasing an additional 314,347 shares in the last quarter. Finally, Radcliffe Capital Management L.P. bought a new position in shares of Barings BDC in the first quarter valued at approximately $1,487,000. Institutional investors and hedge funds own 73.81% of the company’s stock.
Shares of BBDC stock traded up $0.10 on Friday, hitting $8.09. The company had a trading volume of 92,852 shares, compared to its average volume of 191,197. The firm has a market cap of $388.01 million, a P/E ratio of -9.63 and a beta of 0.63. The stock’s 50-day moving average is $8.14 and its two-hundred day moving average is $7.61. The company has a debt-to-equity ratio of 1.16, a quick ratio of 5.96 and a current ratio of 5.96. Barings BDC has a twelve month low of $4.67 and a twelve month high of $10.59.
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 16th. Shareholders of record on Wednesday, September 9th were issued a $0.16 dividend. The ex-dividend date of this dividend was Tuesday, September 8th. This represents a $0.64 annualized dividend and a yield of 7.91%. Barings BDC’s payout ratio is currently 104.92%.
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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