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Barings BDC Stock Price, Forecast & Analysis (NYSE:BBDC)

$10.24
-0.06 (-0.58 %)
(As of 11/15/2019 04:00 PM ET)
Today's Range
$10.23
Now: $10.24
$10.33
50-Day Range
$9.88
MA: $10.20
$10.37
52-Week Range
$8.70
Now: $10.24
$10.41
Volume51,929 shs
Average Volume89,263 shs
Market Capitalization$524.29 million
P/E Ratio16.38
Dividend Yield5.43%
Beta0.64
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
CUSIPN/A
CIKN/A
Phone704-805-7200

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$80.22 million
Book Value$11.18 per share

Profitability

Net Income$-114,280,000.00

Miscellaneous

EmployeesN/A
Market Cap$524.29 million
Next Earnings Date2/26/2020 (Estimated)
OptionableOptionable

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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 Tuesday, October 29th. Investors of record on Wednesday, December 11th will be paid a dividend of $0.15 per share on Wednesday, December 18th. This represents a $0.60 annualized dividend and a dividend yield of 5.86%. The ex-dividend date is Tuesday, December 10th. This is an increase from Barings BDC's previous quarterly dividend of $0.14. View Barings BDC's Dividend History.

How were Barings BDC's earnings last quarter?

Barings BDC Inc (NYSE:BBDC) announced its earnings results on Tuesday, October, 29th. The company reported $0.16 earnings per share for the quarter, meeting the Thomson Reuters' consensus estimate of $0.16. The company earned $19.30 million during the quarter, compared to the consensus estimate of $20.34 million. Barings BDC had a return on equity of 5.48% and a net margin of 6.67%. View Barings BDC's Earnings History.

When is Barings BDC's next earnings date?

Barings BDC is scheduled to release their next quarterly earnings announcement on Wednesday, February 26th 2020. View Earnings Estimates for Barings BDC.

What price target have analysts set for BBDC?

3 brokers have issued 1-year price targets for Barings BDC's shares. Their forecasts range from $9.61 to $11.00. On average, they anticipate Barings BDC's stock price to reach $10.20 in the next year. This suggests that the stock has a possible downside of 0.4%. View Analyst Price Targets for Barings BDC.

What is the consensus analysts' recommendation for Barings BDC?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Barings BDC in the last year. There are currently 1 hold rating and 2 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. " (10/1/2019)
  • 2. National Securities analysts commented, "▪ Barings posted NII/share of $0.16 for 1Q19, flat with the prior quarter and shy of our estimate of $0.18. Notably, the portfolio was 74% BSL compared with 79% Q/Q. We had expected a more rapid rotation out of BSL and into MM originations.
    ▪ The company completed a securitization in 2Q19 with class A-1 and A-2 notes totaling $348.3mm using BSL. This is a static securitization and the company was able to attain favorable financing with LIBOR spreads of 102 bps on A-1 and 165 bps on A-2 with a seven-year duration. Barings still has roughly $400mm of BSL outside the securitization that they can rotate over the next year into MM loans. We expect renewed loan market volatility in 3Q19 and 4Q19 to present opportunities to the company, and we wouldn’t be surprised to see more opportunistic BSL purchases. As a reminder, Barings has a large CLO and liquid credit platform that provides the company with a significant advantage in both liquid loan markets and direct lending, as we see it.
    ▪ In May, Barings also entered into an agreement with the State of South Carolina Retirement System with Barings committing $50mm and their partner committing $500mm of equity. This will be differentiated from a typical BDC JV structure and will be used to invest in both US and European liquid and illiquid credit, structured products, and real estate debt. Barings has over $300 billion under management and expertise across a broad array of investments and is by no means taking a random guess at these different verticals.
    ▪ The BSL book was marked down $50mm in 4Q18 and recovered about half of that in the 3/31/19 quarter with another $10-$12mm recovered QTD. We expect another NAV/share increase at 6/30/19 and BBDC continues to trade at an unwarranted discount, as we see it. The company’s portfolio is 329 bps over LIBOR in the BSL book and 501 bps over LIBOR on the MM book with 4.9x and 4.5x senior leverage, respectively. We think this is one of the most conservatively structured portfolios in the BDC sector and we believe the market is mispricing the underlying credit risk (or lack thereof) in BBDC.
    ▪ We are revising our 2019 NII/share estimate to $0.72 from $0.86 and our 2020 NII/share estimate to $0.91 from $0.92. Our downward revision in 2019 is solely due to our expectations for a longer time horizon to rotate out of BSL and more into MM loans." (5/13/2019)

Has Barings BDC been receiving favorable news coverage?

News coverage about BBDC stock has trended somewhat negative recently, according to InfoTrie Sentiment. The research firm identifies positive and negative news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Barings BDC earned a media sentiment score of -1.3 on InfoTrie's scale. They also gave news headlines about the company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the stock's share price in the near future. View News Stories for Barings BDC.

Are investors shorting Barings BDC?

Barings BDC saw a drop in short interest in October. As of October 31st, there was short interest totalling 559,100 shares, a drop of 10.9% from the September 30th total of 627,300 shares. Based on an average trading volume of 129,700 shares, the short-interest ratio is currently 4.3 days. Currently, 1.2% of the company's shares are sold short. View Barings BDC's Current Options Chain.

Who are some of Barings BDC's key competitors?

What other stocks do shareholders of Barings BDC own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Barings BDC investors own include Ring Energy (REI), Ring Energy (REI), Prospect Capital (PSEC), General Electric (GE), Main Street Capital (MAIN), New Residential Investment (NRZ), AT&T (T), AGNC Investment (AGNC), Ares Capital (ARCC) and AVEO Pharmaceuticals (AVEO).

Who are Barings BDC's key executives?

Barings BDC's management team includes the folowing people:
  • Mr. Eric J. Lloyd, Pres, Chief Exec. Officer & Interested Director (Age 50)
  • Mr. Ian Fowler, Pres (Age 54)
  • Mr. Jonathan Gerald Bock CFA, Chief Financial Officer
  • Mr. C. Robert Knox Jr., CPA, Controller & Principal Accounting Officer (Age 47)
  • Mr. Thomas F. Moses CPA, VP & Treasurer

Who are Barings BDC's major shareholders?

Barings BDC's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Confluence Investment Management LLC (1.80%), BB&T Securities LLC (0.12%), BW Gestao de Investimentos Ltda. (0.12%), California Public Employees Retirement System (0.04%), Strategic Financial Group LLC (0.04%) and FNY Investment Advisers LLC (0.02%). 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, Jonathan Landsberg and Paul John Thompson. View Institutional Ownership Trends for Barings BDC.

Which major investors are selling Barings BDC stock?

BBDC stock was sold by a variety of institutional investors in the last quarter, including BB&T Securities LLC, BW Gestao de Investimentos Ltda. and Strategic Financial Group LLC. View Insider Buying and Selling for Barings BDC.

Which major investors are buying Barings BDC stock?

BBDC stock was acquired by a variety of institutional investors in the last quarter, including Confluence Investment Management LLC, California Public Employees Retirement System, First Personal Financial Services and FNY Investment Advisers 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, Jonathan Landsberg 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, Robinhood, Fidelity and Charles Schwab.

What is Barings BDC's stock price today?

One share of BBDC stock can currently be purchased for approximately $10.24.

How big of a company is Barings BDC?

Barings BDC has a market capitalization of $524.29 million and generates $80.22 million in revenue each year. View Additional Information About Barings BDC.

What is Barings BDC's official website?

The official website for Barings BDC is http://www.baringsbdc.com/.

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)

Community Ranking:  2.1 out of 5 (star star)
Outperform Votes:  54 (Vote Outperform)
Underperform Votes:  72 (Vote Underperform)
Total Votes:  126
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.
This page was last updated on 11/16/2019 by MarketBeat.com Staff

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