Wall Street analysts expect that Barings BDC, Inc. (NYSE:BBDC) will report $0.22 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Barings BDC’s earnings. Barings BDC reported earnings of $0.14 per share in the same quarter last year, which would indicate a positive year over year growth rate of 57.1%. The firm is scheduled to issue its next earnings results on Wednesday, August 4th.
On average, analysts expect that Barings BDC will report full-year earnings of $0.88 per share for the current fiscal year, with EPS estimates ranging from $0.86 to $0.89. For the next fiscal year, analysts expect that the business will report earnings of $0.90 per share, with EPS estimates ranging from $0.88 to $0.91. Zacks’ EPS averages are an average based on a survey of analysts that follow Barings BDC.
Barings BDC (NYSE:BBDC) last posted its earnings results on Thursday, May 6th. The company reported $0.22 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.02. Barings BDC had a negative net margin of 5.76% and a positive return on equity of 5.71%.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Wolverine Asset Management LLC boosted its holdings in shares of Barings BDC by 979.5% during the 1st quarter. Wolverine Asset Management LLC now owns 7,675 shares of the company’s stock worth $76,000 after buying an additional 6,964 shares during the period. FNY Investment Advisers LLC bought a new stake in shares of Barings BDC during the 1st quarter worth $83,000. Victory Capital Management Inc. bought a new stake in Barings BDC in the 4th quarter valued at $97,000. JPMorgan Chase & Co. bought a new stake in Barings BDC in the 1st quarter valued at $134,000. Finally, Aperio Group LLC boosted its holdings in Barings BDC by 26.9% in the 4th quarter. Aperio Group LLC now owns 18,162 shares of the company’s stock valued at $168,000 after purchasing an additional 3,846 shares during the period. 74.42% of the stock is owned by institutional investors and hedge funds.
BBDC stock traded down $0.03 during trading hours on Monday, hitting $10.46. The company’s stock had a trading volume of 5,075 shares, compared to its average volume of 298,130. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 1.22. The company has a market capitalization of $501.68 million, a PE ratio of -261.50 and a beta of 0.70. Barings BDC has a 12 month low of $6.41 and a 12 month high of $10.56. The stock has a 50 day moving average price of $10.27 and a two-hundred day moving average price of $9.38.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 16th. Investors of record on Wednesday, June 9th will be issued a dividend of $0.20 per share. This is an increase from Barings BDC’s previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a dividend yield of 7.65%. The ex-dividend date of this dividend is Tuesday, June 8th. Barings BDC’s dividend payout ratio is currently 124.59%.
Barings BDC Company Profile
Barings BDC, Inc (NYSE: BBDC) 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. Barings BDC seeks to invest primarily in senior secured loans to private U.S. middle-market companies that operate across a wide range of industries.
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