Barings BDCBBDC
BBDC
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 7,296 funds
0
Analysts bullish %
of 3 analysts
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
100% more first-time investments, than exits
New positions opened: 36 | Existing positions closed: 18
31% more repeat investments, than reductions
Existing positions increased: 72 | Existing positions reduced: 55
7% more funds holding
Funds holding: 197 [Q4 2024] → 210 (+13) [Q1 2025]
1% more call options, than puts
Call options by funds: $1.7M | Put options by funds: $1.69M
0% more funds holding in top 10
Funds holding in top 10: 2 [Q4 2024] → 2 (+0) [Q1 2025]
0.28% less ownership
Funds ownership: 42.67% [Q4 2024] → 42.39% (-0.28%) [Q1 2025]
52% less capital invested
Capital invested by funds: $882M [Q4 2024] → $426M (-$456M) [Q1 2025]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$9.50
5%
upside
Avg. target
$9.67
7%
upside
High target
$10
10%
upside
3 analyst ratings
2 positive
67%
1 neutral
33%
0 negative
0%
Wells Fargo Finian O'Shea | 5%upside $9.50 | Overweight Upgraded | 28 May 2025 |
B of A Securities Derek Hewett | 10%upside $10 | Buy Maintained | 19 May 2025 |
Keefe, Bruyette & Woods Ryan Lynch | 5%upside $9.50 | Market Perform Maintained | 8 Apr 2025 |
Financial journalist opinion
Based on 5 articles about BBDC published over the past 30 days
Positive
24/7 Wall Street
1 week ago
4 Smartest Dividend Stocks to Buy With $1,000 Right Now
Many brokerage firms charge no or very low commissions for stock trades. Many of today's top investors started buying stocks when they were much younger.
Neutral
Seeking Alpha
1 week ago
Barings BDC: Rising Concerns, But Dividend Should Remain Safe Near-Term (Downgrade)
Barings BDC's dividend appears safe for the near-term, but declining financials and economic uncertainty warrant caution for income investors. Recent earnings showed net investment income fell below dividend coverage, with credit quality and leverage metrics also weakening. Despite attractive discount to NAV and defensive portfolio moves, I recommend waiting for financial and NAV stability before buying.
Negative
Seeking Alpha
1 week ago
2 BDCs To Dump Before Rates Fall
Recent Fed actions and economic data suggest a material risk of further interest rate cuts in the near to medium term. Lower rates threaten BDC dividend sustainability, even for solid names like ARCC and BXSL, as shown by recent NII declines. In this article, I discuss two high-quality BDCs (not ARCC and BXSL), which investors should consider divesting if they also assume an interest rate cut scenario as a base case.
Positive
Seeking Alpha
2 weeks ago
Barings BDC: Dividend Cut Risk Is High, I'm Avoiding This One
Barings BDC is a well-established vehicle with one of the longest track records in the sector. The portfolio quality is solid, and certainly better than what could be implied from the 20% discount to NAV. Yet, the base dividend seems unsustainable or at least with no material margin of safety.
Positive
Seeking Alpha
3 weeks ago
BDC Weekly Review: NII Is Stabilizing
We take a look at the action in business development companies through the third week of May and highlight some of the key themes we are watching. BDCs have rebounded strongly, with most lenders up for the month and sector valuations approaching long-term averages, signaling renewed investor confidence. Key income headwinds from Fed rate cuts are behind us; leverage and lending spreads are rising, supporting net investment income (NII) stability.
Neutral
Seeking Alpha
1 month ago
Barings BDC Inc. (BBDC) Q1 2025 Earnings Call Transcript
Start Time: 09:00 January 1, 0000 9:22 AM ET Barings BDC Inc. (NYSE:BBDC ) Q1 2025 Earnings Conference Call May 09, 2025, 09:00 AM ET Company Participants Eric Lloyd - Chairman and CEO Matt Freund - President Elizabeth Murray - CFO and COO Bryan High - Head of Global Private Finance Joe Mazzoli - Head, IR Conference Call Participants Operator At this time, I'd like to welcome everyone to the Barings BDC Inc. Conference Call for the Quarter Ended March 31, 2025. All participants are in a listen-only mode.
Negative
Zacks Investment Research
1 month ago
Barings BDC (BBDC) Q1 Earnings and Revenues Lag Estimates
Barings BDC (BBDC) came out with quarterly earnings of $0.25 per share, missing the Zacks Consensus Estimate of $0.28 per share. This compares to earnings of $0.28 per share a year ago.
Neutral
Business Wire
1 month ago
Barings BDC, Inc. Reports First Quarter 2025 Results and Announces Quarterly Cash Dividend of $0.26 Per Share
CHARLOTTE, N.C.--(BUSINESS WIRE)--Barings BDC, Inc. (NYSE: BBDC) (“Barings BDC” or the “Company”) today reported its financial and operating results for the first quarter of 2025 and announced that the Company's Board of Directors (the “Board”) declared a quarterly cash dividend of $0.26 per share. Highlights Three Months Ended Three Months Ended Income Statement March 31, 2025 December 31, 2024 (dollars in millions, except per share data) Total Amount Per Share(1) Total Amount Per Share(2) N.
Positive
Seeking Alpha
1 month ago
Barings BDC: Not The Best Investment Despite The 11.7% Dividend Yield
BBDC provides investors with a 12% dividend yield, but has underperformed compared to other BDCs, which results in a "HOLD" recommendation. The stock value of BBDC has dropped substantially since 2013, which resulted in unimpressive total returns, even though the company maintained steady dividend payments. The company faces two major issues: its debt-to-equity ratio of 1.22x and its stock price discount relative to NAV.
Negative
Seeking Alpha
1 month ago
Barings BDS Is Not A Great Buy Despite The Sell-Off
Barings BDS experienced a significant sell-off due to Trump's tariffs, impacting the entire BDC sector and leading to valuation drops. I recommend focusing on top-tier BDCs like Blackstone Secured Lending Fund and Morgan Stanley Direct Lending Fund due to their defensive portfolios. BBDC's portfolio shows declining credit quality and higher non-accrual risks, making it less attractive compared to peers with higher first-lien debt exposure.
Charts implemented using Lightweight Charts™