Analysts expect Barings BDC Inc (NYSE:BBDC) to report sales of $17.52 million for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Barings BDC’s earnings, with estimates ranging from $16.53 million to $18.90 million. Barings BDC reported sales of $19.60 million in the same quarter last year, which indicates a negative year over year growth rate of 10.6%. The firm is scheduled to announce its next quarterly earnings report on Tuesday, August 4th.
According to Zacks, analysts expect that Barings BDC will report full year sales of $70.34 million for the current fiscal year, with estimates ranging from $66.78 million to $75.39 million. For the next financial year, analysts anticipate that the business will post sales of $71.99 million, with estimates ranging from $67.95 million to $78.98 million. Zacks’ sales averages are an average based on a survey of analysts that that provide coverage for Barings BDC.
Barings BDC (NYSE:BBDC) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.01). Barings BDC had a positive return on equity of 5.51% and a negative net margin of 115.14%. The firm had revenue of $18.68 million for the quarter, compared to analyst estimates of $19.01 million.
BBDC has been the subject of several recent research reports. Wells Fargo & Co dropped their target price on shares of Barings BDC from $11.00 to $7.25 and set an “overweight” rating for the company in a research report on Wednesday, March 25th. National Securities upgraded shares of Barings BDC from a “neutral” rating to a “buy” rating in a research report on Tuesday, March 17th. Compass Point upgraded shares of Barings BDC from a “neutral” rating to a “buy” rating and set a $8.50 target price for the company in a research report on Monday, May 4th. They noted that the move was a valuation call. Zacks Investment Research cut shares of Barings BDC from a “buy” rating to a “hold” rating in a research report on Wednesday, April 15th. Finally, TheStreet cut shares of Barings BDC from a “c-” rating to a “d+” rating in a research report on Monday, May 18th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $8.44.
NYSE:BBDC opened at $7.11 on Friday. The stock’s fifty day moving average price is $6.75 and its two-hundred day moving average price is $9.09. Barings BDC has a 52-week low of $4.67 and a 52-week high of $10.59. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.33 and a current ratio of 1.33. The company has a market cap of $318.95 million, a price-to-earnings ratio of -3.95 and a beta of 0.59.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Wednesday, June 10th will be given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 9.00%. The ex-dividend date is Tuesday, June 9th. Barings BDC’s dividend payout ratio is currently 104.92%.
In other news, insider Roger W. Crandall acquired 15,250 shares of the stock in a transaction that occurred on Thursday, May 14th. The stock was acquired at an average price of $6.51 per share, for a total transaction of $99,277.50. Following the transaction, the insider now directly owns 15,250 shares in the company, valued at $99,277.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Thomas M. Finke acquired 15,000 shares of the stock in a transaction that occurred on Tuesday, May 5th. The stock was purchased at an average price of $6.78 per share, with a total value of $101,700.00. In the last 90 days, insiders purchased 52,875 shares of company stock valued at $387,295. 0.19% of the stock is owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the business. West Family Investments Inc. increased its holdings in Barings BDC by 39.0% during the 1st quarter. West Family Investments Inc. now owns 612,374 shares of the company’s stock worth $4,581,000 after purchasing an additional 171,692 shares in the last quarter. Credit Suisse AG bought a new position in Barings BDC during the 4th quarter worth about $1,544,000. Cliffwater LLC increased its holdings in Barings BDC by 16.5% during the 4th quarter. Cliffwater LLC now owns 282,830 shares of the company’s stock worth $2,907,000 after purchasing an additional 40,063 shares in the last quarter. Russell Investments Group Ltd. bought a new position in Barings BDC during the 4th quarter worth about $115,000. Finally, Great West Life Assurance Co. Can bought a new position in Barings BDC during the 4th quarter worth about $169,000. Hedge funds and other institutional investors own 76.02% of the company’s stock.
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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