Barings BDC Inc (NYSE:BBDC) Expected to Post Earnings of $0.16 Per Share

Wall Street analysts expect Barings BDC Inc (NYSE:BBDC) to announce earnings of $0.16 per share for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Barings BDC’s earnings. The highest EPS estimate is $0.17 and the lowest is $0.15. Barings BDC posted earnings of ($0.59) per share during the same quarter last year, which suggests a positive year-over-year growth rate of 127.1%. The business is expected to announce its next earnings report on Thursday, November 14th.

According to Zacks, analysts expect that Barings BDC will report full year earnings of $0.63 per share for the current fiscal year, with EPS estimates ranging from $0.61 to $0.64. For the next fiscal year, analysts expect that the firm will post earnings of $0.72 per share, with EPS estimates ranging from $0.67 to $0.77. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that that provide coverage for Barings BDC.

Barings BDC (NYSE:BBDC) last announced its earnings results on Tuesday, July 30th. The company reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.01). Barings BDC had a negative return on equity of 1.28% and a negative net margin of 152.61%. The company had revenue of $19.60 million for the quarter, compared to analyst estimates of $19.89 million.

A number of research analysts have recently issued reports on the stock. ValuEngine downgraded shares of Barings BDC from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, September 4th. Zacks Investment Research lowered shares of Barings BDC from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Barings BDC has a consensus rating of “Buy” and a consensus target price of $11.15.

In other Barings BDC news, Director John Switzer acquired 3,000 shares of the company’s stock in a transaction dated Wednesday, August 28th. The shares were bought at an average cost of $9.88 per share, with a total value of $29,640.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 0.29% of the company’s stock.

Several institutional investors have recently bought and sold shares of the business. D. E. Shaw & Co. Inc. increased its stake in shares of Barings BDC by 2.6% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 86,385 shares of the company’s stock valued at $850,000 after acquiring an additional 2,175 shares in the last quarter. FNY Investment Advisers LLC boosted its position in shares of Barings BDC by 32.9% during the 2nd quarter. FNY Investment Advisers LLC now owns 9,300 shares of the company’s stock worth $91,000 after purchasing an additional 2,300 shares in the last quarter. BB&T Securities LLC boosted its position in shares of Barings BDC by 4.2% during the 2nd quarter. BB&T Securities LLC now owns 69,654 shares of the company’s stock worth $685,000 after purchasing an additional 2,778 shares in the last quarter. Mckinley Capital Management LLC Delaware grew its stake in shares of Barings BDC by 4.0% in the 2nd quarter. Mckinley Capital Management LLC Delaware now owns 252,889 shares of the company’s stock valued at $2,488,000 after buying an additional 9,810 shares during the period. Finally, Sigma Planning Corp acquired a new stake in shares of Barings BDC in the 2nd quarter valued at about $99,000. Hedge funds and other institutional investors own 96.14% of the company’s stock.

NYSE:BBDC traded up $0.10 on Wednesday, reaching $10.06. 154,100 shares of the stock traded hands, compared to its average volume of 181,370. The company’s 50 day moving average is $9.88 and its 200-day moving average is $9.92. The company has a debt-to-equity ratio of 1.08, a quick ratio of 4.79 and a current ratio of 4.79. Barings BDC has a 1-year low of $8.70 and a 1-year high of $10.37.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 18th. Shareholders of record on Wednesday, September 11th will be issued a dividend of $0.14 per share. This is an increase from Barings BDC’s previous quarterly dividend of $0.13. This represents a $0.56 dividend on an annualized basis and a yield of 5.57%. The ex-dividend date of this dividend is Tuesday, September 10th.

About Barings BDC

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.

See Also: Equity Income

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Earnings History and Estimates for Barings BDC (NYSE:BBDC)

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