BBDC Stock Recent News

Barings BDC has the potential to become a future superstar in the BDC sector with a strong balance sheet with no debt maturities until 2025. BBDC has a strong credit quality and avoids sectors prone to economic volatility. Their non-accruals are also low, which is a testament to their strong management team. The company has reported decent financials, strong dividend coverage, and repurchased a substantial amount of shares, taking advantage of the BDC's discount to NAV.

Weak asset quality, high rates and macroeconomic woes are likely to hurt Zacks SBIC & Commercial Finance industry players like Bain Capital (BCSF), Barings BDC (BBDC) and Crescent Capital (CCAP). Yet, decent financing demand across sectors is likely to aid.

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Barings BDC (BBDC) came out with quarterly earnings of $0.31 per share, beating the Zacks Consensus Estimate of $0.30 per share. This compares to earnings of $0.34 per share a year ago.

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Barings BDC is a promising BDC with potential for re-rating upside. The BDC has suffered an increase in non-accruals, leading to a negative attitude and a 20% discount to net asset value. Barings BDC has raised its dividend twice in 2023 and has solid dividend coverage, indicating potential for a dividend increase in 2024.

CHARLOTTE, N.C.--(BUSINESS WIRE)--Barings BDC, Inc. (NYSE: BBDC) (“Barings BDC” or the “Company”) announced today that it will report its financial results for the fourth quarter and fiscal year ended December 31, 2023 on Thursday, February 22, 2024, after the market closes. Barings BDC, Inc. has scheduled a conference call to discuss its fourth quarter and fiscal year ended December 31, 2023 financial results for Friday, February 23, 2024, at 9:00 a.m. ET. To listen to the call, please dial 87.

Barings BDC is paying out a $0.29 per share quarterly dividend that was 119% covered by its fiscal 2023 third quarter net investment income. This amounts to an 11.6% dividend yield, with the commons also trading at a 20% discount to net asset value. The BDC has been buying back shares since March of 2023 to try and close a discount to NAV that has stayed sticky.

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Buying a business development company (BDCs) is kinda, sorta like investing like a venture capitalist (VC).