CHARLOTTE, N.C. (AP) — CHARLOTTE, N.C. (AP) — Barings BDC, Inc. (BBDC) on Thursday reported second-quarter net income of $20.6 million.
The Charlotte, North Carolina-based company said it had profit of 20 cents per share. Earnings, adjusted for investment costs, were 28 cents per share.
The business development company posted revenue of $74.4 million in the period.
Barings BDC shares have dropped 4% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $9.19, a decrease of roughly 3% in the last 12 months.
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