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Barings(BBDC) - 2024 Q1 - Quarterly Report
2024-05-08 04:19
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________________________________________ Form 10-Q __________________________________________________________ (Mark One) ý QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 814-00733 ____ ...
Barings(BBDC) - 2024 Q1 - Quarterly Results
2024-05-08 04:15
Exhibit 99.1 BARINGS BDC, INC. REPORTS FIRST QUARTER 2024 RESULTS AND ANNOUNCES QUARTERLY CASH DIVIDEND OF $0.26 PER SHARE CHARLOTTE, N.C., May 7, 2024 - Barings BDC, Inc. (NYSE: BBDC) ("Barings BDC" or the "Company") today reported its financial and operating results for the first quarter of 2024 and announced that the Company's Board of Directors (the "Board") declared a quarterly cash dividend of $0.26 per share. | --- | --- | --- | --- | --- | |----------------------------------------------------------- ...
5 New Stocks Under $10 That Pay Incredible Ultra Yield Dividends
24/7 Wall Street· 2024-04-20 20:13
5 New Stocks Under $10 That Pay Incredible Ultra Yield Dividends Shutterstock / tech_BG While Most of Wall Street focuses on large and mega-cap stocks, as they provide a degree of safety and liquidity, many investors are limited in the number of shares they can buy. Many of the most significant public companies, especially the technology giants, trade at prices up to $1000 per share, while many are in the low to mid-hundreds. It’s hard to get decent share count leverage at those steep prices.Many investor ...
3 SBIC & Commercial Finance Stocks to Buy Amid Grim Industry Prospects
Zacks Investment Research· 2024-03-15 22:21
The Zacks SBIC & Commercial Finance industry will continue to benefit from favorable regulatory changes and decent demand for personalized financing solutions.However, gradual deterioration in asset quality because of prolonged high rates and economic slowdown will hurt industry players’ financials. Increased competition and portfolio companies’ difficulty in servicing debt are other major headwinds being faced by the industry. Yet, a few names, like Bain Capital Specialty Finance, Inc. (BCSF) , Barings BDC ...
3 Under-$10 Stocks With Sky-High Dividend Returns
InvestorPlace· 2024-03-06 00:05
In the stock market, everyone seeks hidden treasures and high-return opportunities. The exertion for under-$10 stocks with dividends often yields progressive results. These three solid contenders, each wielding unique strategies and strengths, defy conventionalism.On the list, the first one emerges as a raptor in asset management, suggesting portfolio growth with resilience amidst market ups and downs. The company has a penchant for equity co-investments. Its edge in deal sourcing and execution builds a pat ...
Barings(BBDC) - 2023 Q4 - Earnings Call Transcript
2024-02-24 05:45
财务数据和关键指标变化 - 净资产价值(NAV)为每股11.28美元,较上季度增加0.3%,较2022年12月31日增加2.1% [36] - 净投资收益为每股0.31美元,与上季度持平 [37] - 公司宣布第四季度每股0.26美元的股息,年化收益率为9.2% [16][45] 各条业务线数据和关键指标变化 - 投资组合规模减少5100万美元,新增投资1.92亿美元,偿还和出售2.44亿美元 [20] - 投资组合中有74%为担保投资,67%为一级担保证券 [26] - 利息覆盖率为2.2倍,较上季度略有下降 [26] - 组合中风险评级4和5的资产占比为7%,较上季度持平 [32] 各个市场数据和关键指标变化 - 由于利率上升和经济不确定性,私募股权交易活动仍然较为低迷 [20][21][25] - 但预计未来几个季度交易活动将有所增加,因为投行有大量待售项目积压,私募股权公司需要向有限合伙人分配资金 [23][24] - 组合中的平均毛利率为49%,较上年同期上升4个百分点,反映发行人能够通过提价应对通胀压力 [28] - 调整后EBITDA利润率为22%,较上年同期上升1个百分点,工资涨幅抵消了部分毛利率扩张 [29] 公司战略和发展方向及行业竞争 - 公司将继续执行从非核心资产中退出的承诺,包括清理MVC Capital和Sierra Income的遗留资产 [8] - 非Barings原始投资资产已降至组合的11%,下降幅度较大 [13] - 公司将继续保持谨慎的股息政策,并利用股票回购计划为股东创造价值 [44][45] - 公司将继续专注于中等市场的信贷投资,利用Barings的全球资源和规模优势选择风险收益配比较好的投资 [34] 管理层对经营环境和未来前景的评论 - 尽管宏观环境存在不确定性,但公司的投资组合以担保和高级证券为主,在这种环境下表现良好 [10] - 预计利率上升的影响已基本反映在投资组合中,浮动利率投资的加权平均收益率稳定在11.2% [16] - 公司有信心即使在正常化的利率环境下,也能维持稳定的股息政策 [47] - 公司认为未来交易活动将有所增加,但也面临一些不确定因素,如地缘政治冲突、持续高通胀和即将到来的政治周期 [25] 问答环节重要的提问和回答 问题1 **Finian O'Shea提问** 如果交易活动持续低迷,公司是否准备接管一些公司,并能否有效管理这些公司? [51] **Ian Fowler回答** 公司有经验在必要时接管公司并出售,内部有100多人的大团队可以应对这种情况。但公司不希望走到这一步,除非实在没有其他选择。[52][53][54][55][56][57][58] 问题2 **Kyle Joseph提问** 竞争环境如何变化,利差水平有何变化? [66] **Ian Fowler回答** 由于交易活动低迷,竞争加剧,但公司仍能获得上单位数的收益率。随着市场正常化,预计利差会有所收缩,回归历史水平。[67][68][69][70][71] 问题3 **Robert Dodd提问** 公司获得的Core Scientific股票如何处置,是否会逐步减持非收益性股权投资? [79] **Bryan High回答** 公司希望最大化Core Scientific股票的回收价值,但这不是公司的长期策略。未来4个季度内,公司计划将非核心资产占比从8%降至4%-5%。[80][81][82][83][84]
Barings BDC (BBDC) Tops Q4 Earnings and Revenue Estimates
Zacks Investment Research· 2024-02-23 08:36
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. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 3.33%. A quarter ago, it was expected that this business development company would post earnings of $0.31 per share when it actually produced earnings of $0.31, delivering no surprise.Over the last four quarters, the c ...
Barings(BBDC) - 2023 Q4 - Annual Report
2024-02-23 05:19
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 814-00733 Barings BDC, Inc. (Exact name of registrant as specified in its charter) Maryland 06-1798488 (State or other jurisdiction of in ...
Want $2000 in Passive Income? Invest $2500 in These 6 BDCs
24/7 Wall Street· 2024-02-18 22:30
Want $2000 in Passive Income? Invest $2500 in These 6 BDCs Prostock-studio / Shutterstock.com A common piece of advice is to work smarter, not harder. One way to do that is with passive income, which comes from ownership rather than labor or active involvement in an enterprise. One of the best ways for investors to create a stream of passive income is by owning stocks that provide healthy and reliable dividends.We screened our 24/7 Wall St. dividend equity research database, looking for business developme ...
Barings BDC: A Solidly Covered 11.7% Yield And Re-Rating Potential
Seeking Alpha· 2024-02-07 18:37
Thapana Onphalai Barings BDC Inc. (NYSE:BBDC) is a promising, externally-managed publicly-traded BDC with re-rating upside. Barings BDC has unfortunately suffered an increase in its non-accruals in 2023 which has led to a more negative attitude towards the BDC and a 20% discount to net asset value that I think is exaggerated. Barings BDC raised its dividend twice in 2023 and the release of preliminary financial figures for 4Q-23 implies solid dividend coverage. The BDC has excess dividend coverage and could ...