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. The firm prefers to make investments in many business sectors including manufacturing, distribution, transportation, energy, communications, health services, restaurants, media, and others. It primarily invests in companies located throughout the United States, with an emphasis on the Southeast and Midatlantic. The firm makes equity investments between $1 million and $25 million and debt investments between $5 million and $30 million per transaction, in companies having annual revenues between $20 million and $200 million and EBITDA between $3 million and $35 million and can also co-invest. It typically makes investments between $5 million and $35 million. It primarily invests in senior subordinated debt securities secured by second lien security interests in portfolio company assets, coupled with equity interests. The firm also invests in senior debt securities secured by first lien security interests in portfolio companies. Triangle Capital Corporation was incorporated on October 10, 2006 and is based in Raleigh, North Carolina.
Industry, Sector and Symbol
Industry Investment advice
Sub-IndustryN/A
SectorFinance
CIKN/A
Phone704-805-7200
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$80.22 million
Profitability
Miscellaneous
EmployeesN/A
Next Earnings Date5/1/2019 (Estimated)
OptionableOptionable
Barings BDC (NYSE:BBDC) Frequently Asked Questions
What is Barings BDC's stock symbol?
Barings BDC trades on the New York Stock Exchange (NYSE) under the ticker symbol "BBDC."
How often does Barings BDC pay dividends? What is the dividend yield for Barings BDC?
Barings BDC declared a quarterly dividend on Thursday, February 28th. Stockholders of record on Wednesday, March 13th will be given a dividend of $0.12 per share on Wednesday, March 20th. This represents a $0.48 annualized dividend and a dividend yield of 4.84%. The ex-dividend date of this dividend is Tuesday, March 12th. This is a positive change from Barings BDC's previous quarterly dividend of $0.10. View Barings BDC's Dividend History.
How were Barings BDC's earnings last quarter?
Barings BDC Inc (NYSE:BBDC) issued its quarterly earnings results on Thursday, February, 28th. The company reported $0.16 EPS for the quarter, beating the Zacks' 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%. View Barings BDC's Earnings History.
When is Barings BDC's next earnings date?
What price target have analysts set for BBDC?
4 equities research analysts have issued 12-month target prices for Barings BDC's stock. Their forecasts range from $9.61 to $13.00. On average, they anticipate Barings BDC's stock price to reach $11.2033 in the next twelve months. This suggests a possible upside of 12.9% from the stock's current price. View Analyst Price Targets for Barings BDC.
What is the consensus analysts' recommendation for Barings BDC?
4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Barings BDC in the last year. There are currently 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Barings BDC.
What are Wall Street analysts saying about Barings BDC stock?
Here are some recent quotes from research analysts about Barings BDC stock:
- 1. According to Zacks Investment Research, "Barings BDC, Inc. is an externally managed business development company which primarily makes debt investments in middle market companies. The company is primarily managed by Barings, LLC, a premier global asset manager. Barings BDC Inc., formerly known as TRIANGLE CAPITAL CORPORATION, is based in Charlotte, United States. " (3/6/2019)
- 2. National Securities analysts commented, "▪ As a reminder, Barings took over the management contract from the former Triangle Capital which was, well, not exactly the best run BDC to be polite about it. Since taking over, management has implemented a very low fee structure and originated conservatively structured loans (low spreads and attachment points) while keeping a relatively high hurdle rate for incentive fees.
▪ Barings’ current portfolio is 79% BSL (broadly syndicated loans) and 21% MM (middle market) direct originations. We expect the company to rotate out of the BSL and into more direct originations which will be beneficial to both yield and NIM. Given the rebound in BSL prices QTD, we would expect the company to pick up the pace of the sales of these loans to funnel into direct originations.
▪ There are a couple things worth noting regarding the BSL/MM mix. First, Barings isn’t just picking BSL by throwing a dart. The Barings platform is very large and has a strong syndicated loan/CLO platform from which they can get due diligence and source these investments; thus, these are not whimsical placeholders. Second, MM loans in Barings’ book have an average spread over LIBOR of 502 bps with weighted average total leverage of 5.0x.
▪ At the close on 3/1/19, BBDC shares were trading at an 11% discount to NAV despite these portfolio characteristics and likely tailwind for yield and NIM with portfolio rotation. We also note that on a forward NAV basis, we believe that the discount is even wider as NAV/share was down almost entirely due to mark-to-market from spread widening and we expect favorable marks for 3/31/19 given the increase in BSL prices QTD which would boost NAV.
▪ We are revising our 2019 NII/share estimate to $0.86 from $0.83 and are rolling out our 2020 NII/share estimate of $0.92." (3/4/2019)
Has Barings BDC been receiving favorable news coverage?
News stories about BBDC stock have been trending negative recently, according to InfoTrie Sentiment Analysis. The research firm ranks the sentiment of press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Barings BDC earned a coverage optimism score of -2.1 on InfoTrie's scale. They also gave media stories about the company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the stock's share price in the immediate future.
Who are some of Barings BDC's key competitors?
Some companies that are related to Barings BDC include The Carlyle Group (CG), Cohen & Steers (CNS), Artisan Partners Asset Management (APAM), Victory Capital (VCTR), PJT Partners (PJT), Och-Ziff Capital Management Group (OZM), Virtus Investment Partners (VRTS), Pzena Investment Management (PZN), Diamond Hill Investment Group (DHIL), Fidus Investment (FDUS), Westwood Holdings Group (WHG), Monroe Capital (MRCC), Value Line (VALU), Silvercrest Asset Management Group (SAMG) and Saratoga Investment (SAR).
What other stocks do shareholders of Barings BDC own?
Who are Barings BDC's key executives?
Barings BDC's management team includes the folowing people:
- Mr. Eric J. Lloyd, CEO & Interested Director (Age 51)
- Mr. Ian Fowler, Pres (Age 55)
- Mr. Jonathan Gerald Bock CFA, Chief Financial Officer
- Mr. C. Robert Knox Jr., CPA, Controller & Principal Accounting Officer (Age 46)
- Mr. Thomas F. Moses CPA, VP & Treasurer
Who are Barings BDC's major shareholders?
Barings BDC's stock is owned by a number of of institutional and retail investors. Top institutional investors include Barings LLC (24.67%), Brown Advisory Inc. (3.61%), Confluence Investment Management LLC (1.97%), Relative Value Partners Group LLC (1.79%), West Family Investments Inc. (0.72%) and Van ECK Associates Corp (0.63%). Company insiders that own Barings BDC stock include Barings Llc, C Robert Jr Knox, Christopher Cary, Eric J Lloyd, Geoff Craddock, John Switzer, Jonathan Bock and Paul John Thompson. View Institutional Ownership Trends for Barings BDC.
Which institutional investors are selling Barings BDC stock?
BBDC stock was sold by a variety of institutional investors in the last quarter, including Brown Advisory Inc., Greenwich Investment Management Inc., Jane Street Group LLC, Van ECK Associates Corp, Stifel Financial Corp, Mckinley Capital Management LLC Delaware, BlackRock Inc. and Confluence Investment Management LLC. View Insider Buying and Selling for Barings BDC.
Which institutional investors are buying Barings BDC stock?
BBDC stock was purchased by a variety of institutional investors in the last quarter, including Barings LLC, West Family Investments Inc., Southside Capital LLC, Two Sigma Advisers LP, Legal & General Group Plc, Connor Clark & Lunn Investment Management Ltd., Relative Value Partners Group LLC and Virtu Financial LLC. Company insiders that have bought Barings BDC stock in the last two years include Barings Llc, C Robert Jr Knox, Christopher Cary, Eric J Lloyd, Geoff Craddock, John Switzer, Jonathan Bock and Paul John Thompson. View Insider Buying and Selling for Barings BDC.
How do I buy shares of Barings BDC?
Shares of BBDC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Barings BDC's stock price today?
One share of BBDC stock can currently be purchased for approximately $9.92.
How big of a company is Barings BDC?
Barings BDC has a market capitalization of $508.74 million and generates $80.22 million in revenue each year.
What is Barings BDC's official website?
How can I contact Barings BDC?
Barings BDC's mailing address is 300 SOUTH TRYON STREET SUITE 2500, CHARLOTTE NC, 28202. The company can be reached via phone at 704-805-7200 or via email at [email protected]
MarketBeat Community Rating for Barings BDC (NYSE BBDC)
MarketBeat's community ratings are surveys of what our community members think about Barings BDC and other stocks. Vote "Outperform" if you believe BBDC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe BBDC will underperform the S&P 500 over the long term. You may vote once every thirty days.
