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Mar 31, 2024
Barings BDC Q1 2024 Earnings Report
Reported strong first quarter results, with the highest NAV since 2022, driven by investment appreciation.
Key Takeaways
Barings BDC reported a strong first quarter with a net investment income of $29.4 million, or $0.28 per share, and a net increase in net assets resulting from operations of $44.0 million, or $0.41 per share. The NAV per share increased to $11.44, primarily due to net unrealized appreciation on the investment portfolio.
Delivered highest NAV since 2022, primarily driven by investment appreciation.
Net investment income was $29.4 million, or $0.28 per share.
Made 10 new investments totaling $63.5 million and investments in existing portfolio companies totaling $78.9 million.
Repurchased a total of 115,911 shares of its common stock in the open market at an average price of $9.56 per share.
Forward Guidance
No specific forward guidance was provided in the document.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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