Recap: Barings BDC Q3 Earnings

Shares of Barings BDC BBDC were flat in after-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share increased 6.25% year over year to $0.17, which beat the estimate of $0.15.

Revenue of $16,329,000 decreased by 15.41% from the same period last year, which beat the estimate of $16,300,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

Barings BDC hasn't issued any revenue guidance for the time being.

Price Action

Company's 52-week high was at $10.59

52-week low: $4.67

Price action over last quarter: down 0.62%

Company Overview

Barings BDC Inc is a US-based specialty finance company. Its core business is to provide customized finance to lower middle-market companies primarily in the United States. The company's investment objective is to seek attractive returns by generating current income from debt investments and capital appreciation from equity related investments. It invests in high yield subordinated debt securities secured by second lien security interests in portfolio company assets, coupled with equity instruments of privately held companies as well as in senior secured debt which is restricted to a certain limit. It generates most of its revenues in the form of interest income, primarily from investments in debt securities, and loan origination.