CHARLOTTE, N.C. (AP) — CHARLOTTE, N.C. (AP) — Barings BDC, Inc. (BBDC) on Thursday reported first-quarter profit of $32.6 million.
The Charlotte, North Carolina-based company said it had net income of 31 cents per share. Earnings, adjusted for investment gains, were 25 cents per share.
The business development company posted revenue of $64.4 million in the period.
Barings BDC shares have declined 9% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $8.70, a decline of almost 8% in the last 12 months.
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