Barings BDC Q1 net investment income falls, NAV declines on investment and FX losses

Barings BDC

07/05/2026 21:24

Overview

US business development company's Q1 net investment income fell to $25.9 mln, or $0.25/share

Net asset value per share declined to $11.02 from $11.09, mainly due to realized losses

Company authorized a new $30 mln share repurchase program but did not repurchase shares in Q1

Outlook

Barings BDC declares Q2 2026 dividend of $0.26 per share

Company says credit quality remains sound and liquidity is ample despite market volatility

Result Drivers

REALIZED LOSSES - NAV per share decline was mainly due to net realized losses on investments, foreign currency transactions and forward currency contracts

PORTFOLIO CREDIT PERFORMANCE - Net unrealized depreciation on the current portfolio was driven by credit or fundamental performance of investments, foreign currency exchange rates, and broad market moves

Company press release: ID:nBw8XTw0Va

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Dividend
$0.26


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the closed end funds peer group is "hold."

Wall Street's median 12-month price target for Barings BDC Inc is $10.00, about 8.7% above its May 6 closing price of $9.20

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 9 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)