Barings BDC, Inc. reported results; made a public disclosure
SEC 8-KRead source ↗
Barings BDC, Inc. is a US-listed company in the asset management & custody banks industry. Its financial year ends in December.
Stock price today
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Third-party market data · may be delayed
Model estimate per share
~$11
Valuation models combined (5)
Base case. Range ~$9.3–$17. Weighted average of 5 models (forward price-to-earnings vs peers, residual income, justified price-to-book, price-to-book vs peers, dividend discount (two-stage)), the forward price-to-earnings vs peers counting double.
Price vs value
No Buy/Hold/Sell rating is issued: limited reported history: available models are shown without a Buy/Hold/Sell rating.
Barings BDC, Inc. valuation: adjust assumptions and compare models →
Who’s trading
What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.
- Insiders2 buying, 1 selling2 purchases and 1 sale by directors and officers, last 12 monthsInsider trades
- Funds98 adding, 87 cuttingOf 15 active managers that changed their stake, 9 added; quarter to June 30, 2026Fund buyers and sellers
The Fundamentalytics view
Current signal Results well ahead of expectations: Reported earnings per share beat the analysts' consensus estimate by 14% in the quarter to 2026-06-30, the 3rd beat in the last four quarters.
Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.
Highlights
How we pick theseStrengths
- Estimates rising. Analysts' consensus for next year's earnings per share has risen 5.2% over 90 days.
Things to watch
- Results due soon. Results are expected around 5 November; the share price can move sharply on the day.
- Earnings expected to fall. The consensus expects earnings per share to fall 2% next year.
Latest results
- Earnings per share
- $0.28 against an average estimate of $0.24: beat by 14.3%
- Share reaction
- +7.4% in the first session after the results on August 5, 2026, against -0.4% for the S&P 500
- Next report
- November 5, 2026; average EPS estimate $0.26
Price chart
- 1 day+1.6%
- 1 week+5.9%
- 1 month+1.9%
- This year+4.7%
- 1 year+10.0%
- 5 years+35.7%
- S&P 500 this year+11.2%
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Third-party market data · may be delayed
At a glance
Profitability
- EPS (TTM, diluted)
- $0.83
Growth
- Share count change
- −0.5%
Earnings
- Last results
- August 5, 2026
- Next results (est.)
- November 5, 2026
News & updates
Company announcements, filed results and changes that matter to shareholders.
- Results
Valuation models
We value Barings BDC, Inc. as an asset manager, broker or exchange, with every model that fits that kind of business. Cost of equity 8.3%: the 10-year Treasury yield (4.9%) plus a beta of 0.76 times a 4.5% equity risk premium.
| Model | Value per share | In the combined value? |
|---|---|---|
| Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. | ~$9.3 ~$7.7–$12 | Primary model, counts double |
| Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. | ~$11 ~$8.2–$14 | Included |
| Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. | ~$11 ~$9.5–$12 | Included |
| Price-to-book vs peers Book value per share times peers' typical (harmonic-mean) price-to-book. | ~$17 ~$17–$44 | Included |
| Dividend discount (two-stage) Dividends for five years at the growth the business can fund, then a steady payout and growth. | ~$12 ~$10–$14 | Included |
| Combined value Weighted average of the models that apply: the primary model (forward price-to-earnings vs peers) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. | ~$11 ~$9.3–$17 | 5 models |
Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Barings BDC, Inc. with asset managers in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.
Moat
Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.
Forecasts and guidance
Next results: November 5, 2026, after the close. Analysts expect revenue of $64m and EPS of $0.26 (range $0.24 to $0.28) for the quarter.
Analysts' consensus
| Fiscal year | EPS | Growth | Revenue | Growth |
|---|---|---|---|---|
| Current | $1.04 | −7% | $254m | −9% |
| Next | $1.02 | −2% | $262m | +3% |
Next year's EPS estimate has moved +5.2% in 90 days, across 6 analysts.
How the EPS forecast has moved
The consensus EPS forecast for the current fiscal year is +5.8% on 90 days ago. In the last 30 days, 6 analysts raised Barings BDC, Inc.'s forecast and 0 cut it.
Average of analysts' published estimates (third-party data).
View chart data
| Period | Current fiscal year | Next fiscal year |
|---|---|---|
| 90 days ago | $0.98 | $0.97 |
| 60 days ago | $1.04 | $1.01 |
| 30 days ago | $1.04 | $1.01 |
| 7 days ago | $1.04 | $1.01 |
| Now | $1.04 | $1.02 |
Earnings against estimates
| Quarter to | Estimate | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | $0.24 | $0.28 | +14.3% |
| Mar 2026 | $0.25 | $0.25 | −1.3% |
| Dec 2025 | $0.26 | $0.27 | +3.0% |
| Sept 2025 | $0.27 | $0.32 | +16.8% |
Adjusted EPS as companies report it, against the average analyst estimate.
Positioning
- Short interest
- 2.8% of tradable shares
- Days to cover
- 4.79 at average volume
- Short interest, 1 month
- +3% to October 15, 2026
- Held by institutions
- 52% of shares
- Held by insiders
- 0.6% of shares
Share-price performance
Market data may be delayedReturn and risk by year
| Calendar year | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 to date |
|---|---|---|---|---|---|---|
| Return | ||||||
| BBDC | +29% | −19% | +19% | +24% | +9% | +5% |
| Industry peers (median) | +33% | −17% | +19% | +15% | −4% | −6% |
| S&P 500 | +29% | −18% | +26% | +25% | +18% | +11% |
| Months that ended higher | ||||||
| BBDC | 83% | 50% | 50% | 58% | 75% | 55% |
| S&P 500 | 75% | 42% | 67% | 75% | 75% | 46% |
| Largest fall from a high during the year | ||||||
| BBDC | −6% | −23% | −17% | −9% | −25% | −11% |
| S&P 500 | −5% | −25% | −10% | −8% | −19% | −9% |
Worst fall since November 2, 2015: 61% from December 4, 2015 to March 18, 2020. Getting back needed a 159% gain, reached on February 27, 2024, 1441 days after the low.
Price behaviour
- 52-week range
- $7.54 – $9.19
- From 52-week high
- −4.3%
- vs 50-day average
- +1.0%
- vs 200-day average
- +5.5%
- Volatility (1 year)
- 22%
- Beta vs S&P 500
- 0.56
Share price after results
- Next day
- 8 up, 4 down typical move ±3.2%
- After a week
- 7 up, 5 down typical move ±4.2%
- After a month
- 9 up, 3 down typical move ±5.9%
| Results released | Next day | S&P 500 next day | 5 days | 21 days |
|---|---|---|---|---|
| August 5, 2026 | +7.4% | −0.4% | +7.7% | +7.9% |
| May 7, 2026 | −3.6% | +0.5% | −6.4% | −6.8% |
| February 19, 2026 | +0.2% | +0.5% | −4.1% | −8.5% |
| November 6, 2025 | −1.1% | −1.0% | −1.3% | +1.4% |
| August 7, 2025 | +3.2% | +0.7% | +3.9% | +4.8% |
| May 8, 2025 | −0.6% | +0.6% | +3.5% | +9.3% |
| February 20, 2025 | +3.1% | −2.1% | −2.2% | −5.4% |
| November 6, 2024 | +3.1% | +3.3% | +4.8% | +5.4% |
| August 7, 2024 | +6.0% | +1.6% | +5.3% | +6.2% |
| May 7, 2024 | −1.9% | +0.1% | +2.1% | +4.9% |
| February 22, 2024 | +5.8% | +2.1% | +7.7% | +1.9% |
| January 25, 2024 | +2.3% | +0.4% | −1.8% | +8.2% |
Fundamentals
Dividends, buybacks and capital spending
- Buybacks (TTM)
- $4M
- Dividends (TTM)
- $114M
- Buybacks, last 3 fiscal years
- $27.6M
- Diluted share count
- −0.5%
- year over year
- Dividend payout ratio
- 131%
- of net income paid out
Who owns it
Funds buying and selling- Reported value
- $427M
- Institutions reporting
- 200
- Shares held vs prior quarter
- ▲ 5.9%
- Positions opened / closed
- 24 / 30
| Manager | Value | Shares | Share of 13F value | Shares QoQ |
|---|---|---|---|---|
| Barings LLC | $116M | 13.6M | 27.2% | 0.0% |
| Private Management Group Inc | $40.7M | 4.8M | 9.5% | ▲ 11.2% |
| Ares Management LLC | $35.5M | 4.2M | 8.3% | ▲ 14.7% |
| Cresset Asset Management, LLC | $21.7M | 2.5M | 5.1% | ▲ 9.5% |
| Van Eck Associates Corp | $19.7M | 2.3M | 4.6% | ▲ 26.6% |
| UBS Group AG | $17.9M | 2.1M | 4.2% | ▲ 33.0% |
| Franklin Resources Inc | $11.6M | 1.4M | 2.7% | ▲ 40.7% |
| Russell Investments Group, Ltd. | $10.5M | 1.2M | 2.5% | ▲ 45.6% |
| Two Sigma Investments, LP | $9.6M | 1.1M | 2.3% | ▲ 15.4% |
| Dimension Capital Management LLC | $8.7M | 1.0M | 2.0% | ▲ 3.6% |
| Morgan Stanley | $8.2M | 961K | 1.9% | ▼ 3.7% |
| Focus Partners Wealth | $7.7M | 908K | 1.8% | ▼ 5.0% |
From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Barings BDC, Inc.'s complete shareholder register. Values are as reported by the filers ; 1 inconsistently scaled filing rows were excluded.
Insider trading activity
Full insider history and chart Insider purchases History → $143,346 2 trades by 2 insiders, last 12 months Insider sales History → $50,926 1 trade by 1 insider · 0% under pre-set plans
Net ▲ $92,420 net buying
| Insider | Date | Trade | Shares | Price | Value |
|---|---|---|---|---|---|
| Mcdonnell Thomas Chief Executive Officer | June 3, 2026 | Buy | 10,000 | $8.27 | $82,700 |
| Byers Stephen R Director | December 9, 2025 | Sell | 5,671 | $8.98 | $50,926 |
| Byers Stephen R Director | December 9, 2025 | Buy | 6,761 | $8.97 | $60,646 |
From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.
Earnings dates and SEC filings
Results announcements
Next expected around November 5, 2026 estimated from the company's past filing pattern, not announced
- August 5, 2026
- May 7, 2026
- February 19, 2026
- November 6, 2025
- August 7, 2025
- May 8, 2025
Recent SEC filings
- 10-Q Quarterly report
- 8-K Current report
- 8-K Current report
- 10-Q Quarterly report
- 8-K Current report
- DEF 14A Proxy statement
- 10-K Annual report
- 8-K Current report
Data status
| Data | Last updated | Source |
|---|---|---|
| Share price | Exchange closing prices | |
| News and updates | Company releases and SEC 8-K filings | |
| Analyst estimates | Aggregated analyst estimates | |
| Valuation and scores | Our models, from the filed figures |
Barings BDC, Inc. in brief
- What does Barings BDC, Inc. do?
- Barings BDC, Inc. is a US-listed company in the asset management & custody banks industry. Its financial year ends in December.
- What is Barings BDC, Inc.'s stock ticker?
- Barings BDC, Inc. trades under the ticker BBDC on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
- Who are Barings BDC, Inc.'s largest institutional shareholders?
- By value reported in 13F filings for June 30, 2026, the largest reported holders are Barings LLC, Private Management Group Inc and Ares Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
- Is Barings BDC, Inc. buying back stock, and does it pay a dividend?
- Barings BDC, Inc. spent $4M on share repurchases over the trailing twelve months, and its diluted share count fell 0.5% over the year.
- Does Barings BDC, Inc. pay a dividend?
- Yes: Barings BDC, Inc. paid $114M in dividends over the trailing twelve months and a payout ratio of 131.3%.
- Are insiders buying or selling Barings BDC, Inc. stock?
- Over the last 12 months, Barings BDC, Inc.'s directors and officers reported 2 open-market purchases and 1 sales on Form 4. The insider trading page charts every trade.
- When is Barings BDC, Inc.'s next earnings date?
- Around November 5, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Barings BDC, Inc. announces its own schedule.
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