Analysts Expect Barings BDC Inc (BBDC) to Announce $0.15 Earnings Per Share

Barings BDC Inc (NYSE:BBDC) has been given a consensus broker rating score of 3.00 (Hold) from the four analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company.

Brokers have set a 1-year consensus price objective of $10.69 for the company and are expecting that the company will post $0.15 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Barings BDC an industry rank of 95 out of 256 based on the ratings given to its competitors.

BBDC has been the subject of a number of recent research reports. ValuEngine upgraded Barings BDC from a “hold” rating to a “buy” rating in a research note on Monday, November 12th. National Securities restated a “neutral” rating and set a $13.00 target price on shares of Barings BDC in a research report on Tuesday, November 13th. Zacks Investment Research upgraded Barings BDC from a “sell” rating to a “hold” rating in a research report on Tuesday, November 13th. Finally, TheStreet cut Barings BDC from a “c-” rating to a “d+” rating in a research report on Thursday, November 29th.



In other news, insider Barings Llc acquired 47,400 shares of the stock in a transaction that occurred on Tuesday, January 22nd. The shares were bought at an average cost of $9.60 per share, for a total transaction of $455,040.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Jonathan Bock acquired 16,200 shares of the stock in a transaction that occurred on Wednesday, December 19th. The stock was purchased at an average price of $9.16 per share, for a total transaction of $148,392.00. The disclosure for this purchase can be found here. Insiders have bought a total of 1,972,629 shares of company stock worth $19,086,934 over the last 90 days. Insiders own 3.50% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the stock. Bulldog Investors LLC acquired a new stake in Barings BDC in the 3rd quarter worth about $7,928,000. Legal & General Group Plc acquired a new stake in Barings BDC in the 3rd quarter worth about $1,860,000. BW Gestao de Investimentos Ltda. acquired a new stake in Barings BDC in the 3rd quarter worth about $451,000. Virtu Financial LLC acquired a new stake in Barings BDC in the 4th quarter worth about $203,000. Finally, Joel Isaacson & Co. LLC acquired a new stake in Barings BDC in the 4th quarter worth about $145,000. Institutional investors own 59.22% of the company’s stock.

Shares of NYSE BBDC remained flat at $$9.60 during trading on Wednesday. The company’s stock had a trading volume of 100,700 shares, compared to its average volume of 191,593. The stock has a market cap of $492.33 million, a price-to-earnings ratio of 6.19 and a beta of 0.75. Barings BDC has a twelve month low of $8.70 and a twelve month high of $12.40. The company has a debt-to-equity ratio of 1.25, a current ratio of 224.44 and a quick ratio of 224.44.

Barings BDC (NYSE:BBDC) last released its quarterly earnings data on Thursday, November 8th. The company reported ($0.59) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.63). The company had revenue of $12.07 million for the quarter, compared to analysts’ expectations of $8.27 million. Barings BDC had a negative net margin of 50.26% and a positive return on equity of 1.51%. Sell-side analysts expect that Barings BDC will post 0.66 earnings per share for the current year.

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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