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. It seeks to invest primarily in senior secured loans, first lien debt, unitranche, second lien debt, subordinated debt, equity co-investments and senior secured private debt investments in private middle-market companies that operate across a wide range of industries. It specializes in mezzanine, leveraged buyouts, management buyouts, ESOPs, change of control transactions, acquisition financings, growth financing, and recapitalizations in lower middle market, mature, and later stage companies. It invests in manufacturing and distribution; business services and technology; transportation and logistics; consumer product and services. It invests in United States. It invests in companies with EBITDA of $10 million to $75 million, typically in private equity sponsor backed. Barings BDC, Inc. Barings BDC, Inc. was incorporated on October 10, 2006 and is based in Charlotte, North Carolina with an additional office in Raleigh, North Carolina.
Analyst Upgrades and Downgrades
BBDC has been the subject of several research reports. TheStreet raised shares of Barings BDC from a "c" rating to a "b" rating in a report on Wednesday, May 25th. Wells Fargo & Company dropped their price objective on shares of Barings BDC from $13.00 to $12.50 and set an "overweight" rating for the company in a report on Monday, April 25th. Finally, Raymond James downgraded shares of Barings BDC from a "strong-buy" rating to an "outperform" rating and dropped their price objective for the company from $12.50 to $11.50 in a report on Thursday.
Barings BDC Stock Up 1.1 %
Shares of NYSE:BBDC opened at $10.40 on Friday. The company has a current ratio of 0.39, a quick ratio of 0.27 and a debt-to-equity ratio of 0.65. Barings BDC has a 12 month low of $9.18 and a 12 month high of $11.55. The company has a 50-day moving average price of $9.67 and a 200 day moving average price of $10.23. The company has a market cap of $1.14 billion, a price-to-earnings ratio of 24.76 and a beta of 0.60.
Barings BDC (NYSE:BBDC - Get Rating) last announced its quarterly earnings results on Tuesday, August 9th. The company reported $0.22 EPS for the quarter, missing analysts' consensus estimates of $0.24 by ($0.02). Barings BDC had a net margin of 12.83% and a return on equity of 7.97%. The business had revenue of $55.59 million during the quarter, compared to the consensus estimate of $50.94 million. During the same period in the previous year, the business posted $0.22 EPS. The firm's revenue was up 67.7% on a year-over-year basis. As a group, equities research analysts predict that Barings BDC will post 1 earnings per share for the current year.
Barings BDC Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 14th. Investors of record on Wednesday, September 7th will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 9.23%. The ex-dividend date of this dividend is Tuesday, September 6th. Barings BDC's dividend payout ratio (DPR) is currently 228.57%.