CHARLOTTE, N.C. (AP) — CHARLOTTE, N.C. (AP) — Barings BDC, Inc. (BBDC) on Wednesday reported second-quarter earnings of $18.3 million.
On a per-share basis, the Charlotte, North Carolina-based company said it had net income of 18 cents. Earnings, adjusted for investment costs, came to 28 cents per share.
The business development company posted revenue of $65.2 million in the period.
Barings BDC shares have fallen slightly more than 8% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $8.42, a decline of roughly 9% in the last 12 months.
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