Wall Street brokerages expect Barings BDC Inc (NASDAQ:BBDC) to announce $0.04 earnings per share for the current quarter, Zacks reports. Two analysts have made estimates for Barings BDC’s earnings, with estimates ranging from $0.03 to $0.05. Barings BDC posted earnings of $0.36 per share during the same quarter last year, which would suggest a negative year over year growth rate of 88.9%. The firm is expected to report its next earnings report before the market opens on Friday, November 9th.
According to Zacks, analysts expect that Barings BDC will report full-year earnings of $0.64 per share for the current year, with EPS estimates ranging from $0.61 to $0.66. For the next fiscal year, analysts forecast that the company will report earnings of $0.74 per share, with EPS estimates ranging from $0.64 to $0.84. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that follow Barings BDC.
Barings BDC (NASDAQ:BBDC) last posted its earnings results on Wednesday, August 1st. The company reported $0.21 earnings per share (EPS) for the quarter. The business had revenue of $25.47 million during the quarter.
A number of analysts have issued reports on BBDC shares. Zacks Investment Research cut shares of Barings BDC from a “hold” rating to a “sell” rating in a research note on Wednesday, September 12th. Raymond James upgraded shares of Barings BDC from an “underperform” rating to an “outperform” rating in a research note on Tuesday, September 11th.
In other news, insider Barings Llc acquired 79,200 shares of Barings BDC stock in a transaction dated Monday, October 1st. The stock was acquired at an average cost of $10.08 per share, for a total transaction of $798,336.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Treasurer Christopher Cary acquired 6,000 shares of Barings BDC stock in a transaction dated Friday, September 28th. The stock was purchased at an average price of $10.01 per share, with a total value of $60,060.00. The disclosure for this purchase can be found here. Insiders bought 796,509 shares of company stock valued at $8,062,682 over the last 90 days.
Institutional investors have recently modified their holdings of the company. BB&T Corp acquired a new stake in shares of Barings BDC in the third quarter worth $110,000. DAVENPORT & Co LLC bought a new position in Barings BDC during the third quarter worth $234,000. TCW Group Inc. bought a new position in Barings BDC during the third quarter worth $258,000. Optimum Investment Advisors bought a new position in Barings BDC during the third quarter worth $307,000. Finally, Mariner Investment Group LLC bought a new position in Barings BDC during the third quarter worth $751,000.
NASDAQ BBDC traded up $0.11 during trading on Friday, reaching $10.09. The company’s stock had a trading volume of 38,558 shares, compared to its average volume of 414,134. Barings BDC has a 1-year low of $8.91 and a 1-year high of $12.50.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 21st. Stockholders of record on Friday, December 14th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.96%. This is a boost from Barings BDC’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend is Thursday, December 13th.
About Barings BDC
Triangle Capital Corp. engages in the provision of customized financing primarily to lower middle market companies. Its investment objective is to seek returns by generating current income from our debt investments, and capital appreciation from our equity-related investments. Its portfolio includes Aden and Anais, AGM Automotive, All Metals, American Silk, Avantor Performance Materials, and others.
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