Wall Street brokerages expect Barings BDC Inc (NYSE:BBDC) to announce earnings per share (EPS) of $0.16 for the current quarter, Zacks reports. Four analysts have made estimates for Barings BDC’s earnings, with estimates ranging from $0.14 to $0.18. Barings BDC posted earnings per share of $0.21 during the same quarter last year, which suggests a negative year over year growth rate of 23.8%. The company is scheduled to issue its next earnings results before the market opens on Wednesday, July 31st.
According to Zacks, analysts expect that Barings BDC will report full year earnings of $0.68 per share for the current year, with EPS estimates ranging from $0.63 to $0.72. For the next year, analysts forecast that the firm will post earnings of $0.79 per share, with EPS estimates ranging from $0.73 to $0.91. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover Barings BDC.
Barings BDC (NYSE:BBDC) last posted its quarterly earnings results on Thursday, May 9th. The company reported $0.16 EPS for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.01. The business had revenue of $18.34 million during the quarter, compared to the consensus estimate of $18.02 million. Barings BDC had a negative return on equity of 0.80% and a negative net margin of 131.87%.
Several research analysts have commented on the company. Zacks Investment Research downgraded ExlService from a “hold” rating to a “sell” rating in a research note on Wednesday. National Securities reissued a “sell” rating and set a $4.00 target price on shares of Prospect Capital in a research note on Monday, May 13th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $11.15.
NYSE BBDC traded down $0.03 during trading on Friday, hitting $9.90. 4,115 shares of the company’s stock were exchanged, compared to its average volume of 120,914. The company has a current ratio of 22.46, a quick ratio of 22.46 and a debt-to-equity ratio of 1.06. Barings BDC has a fifty-two week low of $8.70 and a fifty-two week high of $12.39. The firm’s 50 day moving average price is $9.92.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 19th. Shareholders of record on Wednesday, June 12th were paid a dividend of $0.13 per share. This is an increase from Barings BDC’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Tuesday, June 11th. This represents a $0.52 annualized dividend and a yield of 5.25%.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. FNY Investment Advisers LLC grew its holdings in shares of Barings BDC by 46.4% during the first quarter. FNY Investment Advisers LLC now owns 7,000 shares of the company’s stock worth $68,000 after purchasing an additional 2,219 shares during the last quarter. D. E. Shaw & Co. Inc. bought a new stake in shares of Barings BDC during the fourth quarter worth about $120,000. Squarepoint Ops LLC bought a new stake in shares of Barings BDC during the fourth quarter worth about $125,000. Great West Life Assurance Co. Can grew its holdings in shares of Barings BDC by 10.6% during the fourth quarter. Great West Life Assurance Co. Can now owns 16,777 shares of the company’s stock worth $146,000 after purchasing an additional 1,602 shares during the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD bought a new stake in shares of Barings BDC during the first quarter worth about $439,000. 40.55% of the stock is owned by hedge funds and other institutional investors.
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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