According to Zacks, “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. “
Other analysts also recently issued research reports about the stock. Jefferies Financial Group reissued a buy rating on shares of Barings BDC in a report on Friday, June 18th. TheStreet raised shares of Barings BDC from a c rating to a b- rating in a report on Friday, August 20th. Bank of America raised shares of Barings BDC from an underperform rating to a buy rating and set a $11.25 price objective on the stock in a report on Friday, June 25th. Finally, Wells Fargo & Company reissued an outperform rating and set a $13.00 price objective on shares of Barings BDC in a report on Wednesday, June 23rd. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Barings BDC has a consensus rating of Buy and an average price target of $11.81.
Barings BDC (NYSE:BBDC) last issued its quarterly earnings results on Thursday, August 5th. The company reported $0.22 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.22. The business had revenue of $33.15 million for the quarter, compared to analyst estimates of $30.60 million. Barings BDC had a net margin of 117.79% and a return on equity of 6.79%. Equities research analysts expect that Barings BDC will post 0.9 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 15th. Shareholders of record on Wednesday, September 8th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 7.65%. The ex-dividend date of this dividend was Tuesday, September 7th. This is an increase from Barings BDC’s previous quarterly dividend of $0.20. Barings BDC’s dividend payout ratio is 131.25%.
Several large investors have recently bought and sold shares of the company. Ares Management LLC raised its position in shares of Barings BDC by 18.1% in the second quarter. Ares Management LLC now owns 3,786,791 shares of the company’s stock valued at $39,989,000 after buying an additional 579,217 shares during the last quarter. UBS Group AG raised its position in shares of Barings BDC by 18.0% in the first quarter. UBS Group AG now owns 2,689,214 shares of the company’s stock valued at $26,839,000 after buying an additional 411,066 shares during the last quarter. Rivernorth Capital Management LLC raised its position in shares of Barings BDC by 2.0% in the second quarter. Rivernorth Capital Management LLC now owns 1,601,022 shares of the company’s stock valued at $16,907,000 after buying an additional 31,205 shares during the last quarter. Relative Value Partners Group LLC raised its position in shares of Barings BDC by 2.0% in the second quarter. Relative Value Partners Group LLC now owns 1,504,798 shares of the company’s stock valued at $15,891,000 after buying an additional 29,560 shares during the last quarter. Finally, Cliffwater LLC increased its position in Barings BDC by 47.1% during the first quarter. Cliffwater LLC now owns 1,279,964 shares of the company’s stock worth $12,774,000 after purchasing an additional 409,991 shares during the last quarter. 91.25% of the stock is owned by institutional investors and hedge funds.
About Barings BDC
Barings BDC, Inc 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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