Barings BDC (NYSE:BBDC) Posts Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Barings BDC (NYSE:BBDC) posted its quarterly earnings data on Thursday. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.01), Zacks reports. Barings BDC had a return on equity of 11.24% and a net margin of 39.59%.

Barings BDC Stock Performance

Shares of NYSE BBDC traded up $0.06 during trading hours on Thursday, hitting $10.52. 553,912 shares of the company’s stock were exchanged, compared to its average volume of 414,028. Barings BDC has a 1-year low of $8.96 and a 1-year high of $10.52. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.11 and a quick ratio of 0.11. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of 9.74 and a beta of 0.69. The company’s 50-day moving average price is $9.78 and its 200-day moving average price is $9.83.

Insider Buying and Selling

In related news, insider Michael James O’connor sold 29,424 shares of the business’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $9.70, for a total transaction of $285,412.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Stephen R. Byers acquired 8,485 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The shares were acquired at an average cost of $9.73 per share, with a total value of $82,559.05. Following the transaction, the director now directly owns 50,001 shares in the company, valued at $486,509.73. The trade was a 20.44 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 14,048 shares of company stock valued at $136,772. Insiders own 0.45% of the company’s stock.

About Barings BDC

Barings BDC, Inc 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.