Barings BDC Inc (BBDC) Expected to Post Quarterly Sales of $18.12 Million
Equities analysts expect that Barings BDC Inc (NYSE:BBDC) will report sales of $18.12 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Barings BDC’s earnings, with the lowest sales estimate coming in at $17.84 million and the highest estimate coming in at $18.36 million. Barings BDC reported sales of $26.08 million during the same quarter last year, which would suggest a negative year over year growth rate of 30.5%. The firm is scheduled to announce its next earnings results before the market opens on Friday, May 10th.
On average, analysts expect that Barings BDC will report full-year sales of $78.71 million for the current fiscal year, with estimates ranging from $74.02 million to $82.00 million. For the next fiscal year, analysts anticipate that the business will post sales of $92.64 million, with estimates ranging from $81.30 million to $102.08 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Barings BDC.
Barings BDC (NYSE:BBDC) last posted its quarterly earnings data on Thursday, February 28th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.02. Barings BDC had a negative return on equity of 0.01% and a negative net margin of 142.45%.
In other news, insider Jonathan Landsberg bought 3,040 shares of the stock in a transaction on Friday, March 29th. The stock was purchased at an average price of $9.92 per share, for a total transaction of $30,156.80. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Geoff Craddock bought 5,000 shares of the stock in a transaction on Wednesday, March 6th. The shares were purchased at an average price of $9.83 per share, with a total value of $49,150.00. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 391,053 shares of company stock valued at $3,804,238. Corporate insiders own 0.29% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the business. Barings LLC raised its position in Barings BDC by 42.8% during the fourth quarter. Barings LLC now owns 12,649,088 shares of the company’s stock valued at $123,202,000 after purchasing an additional 3,791,507 shares in the last quarter. Relative Value Partners Group LLC grew its position in Barings BDC by 3.1% in the 4th quarter. Relative Value Partners Group LLC now owns 916,626 shares of the company’s stock worth $8,259,000 after purchasing an additional 27,880 shares in the last quarter. Bulldog Investors LLC bought a new stake in Barings BDC in the 3rd quarter worth about $7,928,000. West Family Investments Inc. grew its position in Barings BDC by 221.2% in the 4th quarter. West Family Investments Inc. now owns 368,882 shares of the company’s stock worth $3,324,000 after purchasing an additional 254,048 shares in the last quarter. Finally, Legal & General Group Plc grew its position in shares of Barings BDC by 28.4% during the 4th quarter. Legal & General Group Plc now owns 238,450 shares of the company’s stock valued at $2,152,000 after acquiring an additional 52,716 shares during the period. Hedge funds and other institutional investors own 66.00% of the company’s stock.
Shares of BBDC stock traded up $0.05 during trading hours on Friday, hitting $10.00. The company had a trading volume of 684 shares, compared to its average volume of 205,441. Barings BDC has a 12 month low of $8.70 and a 12 month high of $12.39. The firm has a market cap of $512.33 million, a P/E ratio of 201.00, a P/E/G ratio of 2.90 and a beta of 0.79. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.01.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Wednesday, March 13th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 4.80%. The ex-dividend date was Tuesday, March 12th. This is an increase from Barings BDC’s previous quarterly dividend of $0.10.
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.
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