$36.50 Million in Sales Expected for Barings BDC, Inc. (NYSE:BBDC) This Quarter

Equities research analysts expect Barings BDC, Inc. (NYSE:BBDC – Get Rating) to report sales of $36.50 million for the current quarter, Zacks reports. Two analysts have issued estimates for Barings BDC’s earnings, with the highest sales estimate coming in at $38.48 million and the lowest estimate coming in at $34.52 million. Barings BDC posted sales of $30.59 million in the same quarter last year, which suggests a positive year-over-year growth rate of 19.3%. The business is scheduled to issue its next quarterly earnings results before the market opens on Monday, January 1st.

According to Zacks, analysts expect that Barings BDC will report full year sales of $145.88 million for the current financial year, with estimates ranging from $137.82 million to $153.93 million. For the next year, analysts anticipate that the business will post sales of $147.89 million, with estimates ranging from $140.95 million to $154.83 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Barings BDC.

Barings BDC (NYSE:BBDC – Get Rating) last posted its quarterly earnings data on Wednesday, February 23rd. The company reported $0.23 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.23. Barings BDC had a net margin of 57.40% and a return on equity of 7.97%. The business had revenue of $36.61 million during the quarter, compared to the consensus estimate of $33.69 million. During the same period in the previous year, the firm posted $0.19 earnings per share.

Separately, TheStreet downgraded shares of Barings BDC from a “b-” rating to a “c” rating in a research report on Monday, April 4th. One research analyst has rated the stock with a sell rating, four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Barings BDC presently has a consensus rating of “Buy” and an average target price of $12.15.

NYSE:BBDC opened at $10.90 on Thursday. Barings BDC has a 12 month low of $9.83 and a 12 month high of $11.55. The firm has a fifty day simple moving average of $10.54 and a 200-day simple moving average of $10.85. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $711.94 million, a P/E ratio of 9.16 and a beta of 0.61.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 23rd. Investors of record on Wednesday, February 16th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Tuesday, February 15th. This is an increase from Barings BDC’s previous quarterly dividend of $0.22. This represents a $0.92 dividend on an annualized basis and a yield of 8.44%. Barings BDC’s payout ratio is currently 77.31%.

Several institutional investors have recently modified their holdings of the business. Transcend Capital Advisors LLC raised its position in shares of Barings BDC by 8.1% in the first quarter. Transcend Capital Advisors LLC now owns 82,293 shares of the company’s stock worth $851,000 after acquiring an additional 6,133 shares during the period. Koshinski Asset Management Inc. raised its position in shares of Barings BDC by 7.9% in the first quarter. Koshinski Asset Management Inc. now owns 54,712 shares of the company’s stock worth $566,000 after acquiring an additional 4,000 shares during the period. Wedbush Securities Inc. raised its position in shares of Barings BDC by 12.9% in the first quarter. Wedbush Securities Inc. now owns 21,935 shares of the company’s stock worth $227,000 after acquiring an additional 2,500 shares during the period. Foundations Investment Advisors LLC acquired a new position in shares of Barings BDC in the first quarter worth about $232,000. Finally, PFG Advisors acquired a new position in shares of Barings BDC in the first quarter worth about $1,222,000. Institutional investors and hedge funds own 88.59% of the company’s stock.

About Barings BDC (Get Rating)

Barings BDC, Inc (NYSE: BBDC) is a publicly traded, externally managed investment company that has elected to be treated as a business development company under the Investment Company Act of 1940. It seeks to invest primarily in senior secured loans, first lien debt, unitranche, second lien debt, subordinated debt, equity co-investments and senior secured private debt investments in private middle-market companies that operate across a wide range of industries.

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