Barings BDC Board Authorizes New 12-Month Share Repurchase Program, Plans To Buyback Up To $30M In The Aggregate Of Common Stock
Portfolio Pulse from Benzinga Newsdesk
Barings BDC's board has authorized a new 12-month share repurchase program, allowing the company to buy back up to $30 million of its common stock below the current NAV per share, starting March 1, 2024.
February 22, 2024 | 9:38 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Barings BDC plans to repurchase up to $30 million of its common stock below the NAV per share, starting March 1, 2024.
Share repurchase programs often lead to a positive market reaction as they can indicate that the company believes its stock is undervalued. For BBDC, this move to repurchase up to $30 million of its common stock could signal confidence in its financial health and future prospects, potentially leading to an increase in stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100