Barings BDC Earnings Results: A Slight Miss

Barings BDC (NYSE:BBDC - Get Free Report) announced its quarterly earnings on Thursday. The company reported earnings of $0.28 per share for the quarter, which fell short of analysts' expectations of $0.29 by $0.01, according to Zacks. Barings BDC achieved a net margin of 39.59% and a return on equity of 11.24%.

Barings BDC Stock Performance

On Thursday, shares of Barings BDC increased by 0.5%, rising $0.06 to reach $10.52. The trading volume for the day was 553,912 shares, significantly higher than its average volume of 414,028. The stock has a 50-day moving average price of $9.78 and a 200-day moving average price of $9.83. Barings BDC has a current ratio of 0.11, a quick ratio of 0.11, and a debt-to-equity ratio of 0.29. Over the past year, the stock has seen a low of $8.96 and a high of $10.52. Currently, Barings BDC has a market capitalization of $1.11 billion, a price-to-earnings ratio of 9.74, and a beta of 0.69.

Insider Trading Activities

In recent developments concerning insider ownership, Director Stephen R. Byers purchased 8,485 shares of Barings BDC on December 13th at an average price of $9.73 per share, amounting to a total investment of $82,559.05. After this purchase, Byers now owns 50,001 shares, valued at around $486,509.73, marking a 20.44% increase in their stock ownership. This transaction was reported to the Securities and Exchange Commission (SEC). Additionally, insider Michael James O'Connor sold 29,424 shares on December 12th at an average price of $9.70, totaling $285,412.80. In the past 90 days, insiders have purchased 14,048 shares worth $136,772, with corporate insiders currently holding 0.45% of the stock.

Company Overview

Barings BDC, Inc is a publicly traded investment company managed externally that qualifies as a business development company under the Investment Company Act of 1940. The firm invests mainly in senior secured loans, first lien debt, unitranche loans, second lien debt, subordinated debt, equity co-investments, and senior secured private debt in private middle-market companies across various industries.

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