Barings BDC
BBDC
Market cap $1B

9.48 USD

+0.12

1.28%

At close Jan 14, 4:00 PM EST

1 day

1.28%

5 days

0.53%

1 month

-0.73%

3 months

-2.37%

6 months

-6.42%

Year to date

-1.96%

1 year

6.88%

5 years

-9.71%

10 years

-54.38%

About: Barings BDC Inc operates as a closed-end, non-diversified investment company and has elected to be treated as a business development company. The company's investment objective is to generate current income by investing directly in privately held middle-market companies to help these companies fund acquisitions, growth, or refinancing. Barings employs fundamental credit analysis and targets investments in businesses with low levels of cyclicality and operating risk relative to other businesses in this market segment. The holding size of each position will generally be dependent upon a number of factors including total facility size, pricing and structure, and the number of other lenders in the facility.

Employees: 2

0

Funds holding %

of 6,815 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

531% more call options, than puts

Call options by funds: $1.24M | Put options by funds: $196K

61% more first-time investments, than exits

New positions opened: 29 | Existing positions closed: 18

3% more funds holding

Funds holding: 190 [Q2] → 196 (+6) [Q3]

1% more capital invested

Capital invested by funds: $431M [Q2] → $434M (+$2.48M) [Q3]

0.07% more ownership

Funds ownership: 41.62% [Q2] → 41.69% (+0.07%) [Q3]

0% more funds holding in top 10

Funds holding in top 10: 2 [Q2] → 2 (+0) [Q3]

11% less repeat investments, than reductions

Existing positions increased: 55 | Existing positions reduced: 62

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Research analyst outlook

We haven’t received any recent analyst ratings for BBDC.

See Analyst Rankings

Financial journalist opinion

Based on 3 articles about BBDC published over the past 30 days

24/7 Wall Street

4 Quality Ultra-High-Yield Stocks With 10% and Higher Dividends Are 2025 Home Runs

Investors love dividend stocks, especially the high-yield variety, because they offer a significant income stream and have massive total return potential.

4 Quality Ultra-High-Yield Stocks With 10% and Higher Dividends Are 2025 Home Runs

Barings BDC: Portfolio Quality Continues To Weaken (Rating Downgrade)

I am downgrading my rating on Barings BDC due to a slight uptick in non-accruals, lower earnings, and weaker dividend coverage. Despite a 10.7% dividend yield and a well-diversified portfolio, I expect no sizeable dividend raises as net investment income is projected to decrease. The recent 5% price drop presents an entry point, but the NAV decline and higher non-accrual rate raise concerns about future performance.

Barings BDC: Portfolio Quality Continues To Weaken (Rating Downgrade)

Barings BDC: Improving Performance Could Close Valuation Gap

We take a look at the Q3 numbers from the Barings BDC. Barings BDC trades at a 14% discount to book, offers a 10.6% dividend yield, and has a stable NAV over the last few years. Net investment income fell 9% year-over-year, but dividend coverage remains strong at 110%.

Barings BDC: Improving Performance Could Close Valuation Gap

BDC Weekly Review: BDCs Have Overcome The August Dip

We take a look at the action in business development companies through the first week of December and highlight some of the key themes we are watching. BDCs experienced a slight decline this week, but are up nearly 10% year-to-date. Wrapping up Q3 earnings: WHF had a -2% total NAV return with rising non-accruals, while BXSL posted a strong 3.2% total NAV return.

BDC Weekly Review: BDCs Have Overcome The August Dip

Barings BDC: Is The Thrill Of Victory Worth The Agony Of Defeat?

Barings BDC Inc, a small-cap company, offers a 10% yield and trades at a 9.16% discount to NAV, making it attractive for income investors. Despite slight declines in earnings and credit quality, Barings BDC's fundamentals and management's share buybacks support its dividend safety in the near to medium term. The business development company's balance sheet is solid with a leverage ratio of 1.15x and significant liquidity, ensuring stability amidst market volatility and interest rate changes.

Barings BDC: Is The Thrill Of Victory Worth The Agony Of Defeat?

BDC Weekly Review: Key Q3 Earnings Trends

We take a look at the action in business development companies through the second week of November and highlight some of the key themes we are watching. BDCs were flat this week in aggregate, outperforming other income sectors, with PSEC and TPVG bookending month-to-date returns. Q3 earnings reveal a slight decline in net investment income due to rate cuts, tight market spreads, and refinancing into higher coupon debt.

BDC Weekly Review: Key Q3 Earnings Trends

24/7 Wall Street

4 Ultra-High-Yield Stocks Yielding at Least 10% Are Our Top December Picks

Key Points The Federal Reserve will have lowered rates by 1% by year-end.

4 Ultra-High-Yield Stocks Yielding at Least 10% Are Our Top December Picks

Barings BDC: Solid Hold For Existing Shareholders

Barings BDC focuses on sponsor-backed investments in middle market businesses with EBITDA ranging from $15m to $75m, ensuring a diversified portfolio. BBDC's $2.4B portfolio is predominantly in secured debt, with 68% in first-lien and 4% in second-lien, highlighting its defensive nature. The portfolio is well-diversified, with the top 10 companies accounting for only 24%, and non-accruals are low at 0.5% as of September 30, 2024.

Barings BDC: Solid Hold For Existing Shareholders

BDC Weekly Review: Key Q3 Earnings Trends

We take a look at the action in business development companies through the second week of November and highlight some of the key themes we are watching. BDCs were flat this week in aggregate, outperforming other income sectors, with PSEC and TPVG book ending month-to-date returns. Q3 earnings reveal a slight decline in net investment income due to rate cuts, tight market spreads, and refinancing into higher coupon debt.

BDC Weekly Review: Key Q3 Earnings Trends

Investing In BDCs For 10%+ Yields? This Is What Matters Now

When investing for 10%+ BDC yields, investors have to pay extra attention to leverage, dividend coverage, and portfolio quality. Going into Q3, 2024 earnings season, my expectation was that we would see elevated volatility levels and falling NII results. While the actual results have been mostly positive for high-quality BDCs (and even for some speculative picks), many risks remain open.

Investing In BDCs For 10%+ Yields? This Is What Matters Now

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