Barings BDC (NYSE:BBDC) Hits New 1-Year High – Here’s What Happened

Barings BDC, Inc. (NYSE:BBDC) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $10.33 and last traded at $10.33, with a volume of 5330 shares traded. The stock had previously closed at $10.24.

Barings BDC Trading Up 0.9 %

The business has a 50 day simple moving average of $9.84 and a 200-day simple moving average of $9.87. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of 9.48 and a beta of 0.67. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.29.

Barings BDC (NYSE:BBDC) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). Barings BDC had a return on equity of 11.24% and a net margin of 39.59%. The business had revenue of $70.85 million for the quarter, compared to analysts’ expectations of $70.48 million. During the same period last year, the company posted $0.31 earnings per share. On average, equities analysts predict that Barings BDC, Inc. will post 1.24 earnings per share for the current year.

Barings BDC Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Wednesday, December 4th will be issued a dividend of $0.26 per share. The ex-dividend date is Wednesday, December 4th. This represents a $1.04 annualized dividend and a dividend yield of 10.07%. Barings BDC’s payout ratio is currently 96.30%.

Institutional Investors Weigh In On Barings BDC

Hedge funds have recently bought and sold shares of the business. Stifel Financial Corp raised its stake in shares of Barings BDC by 1.6% in the 3rd quarter. Stifel Financial Corp now owns 64,110 shares of the company’s stock valued at $628,000 after purchasing an additional 1,017 shares in the last quarter. Sound Income Strategies LLC raised its stake in Barings BDC by 9.3% during the third quarter. Sound Income Strategies LLC now owns 12,877 shares of the company’s stock valued at $126,000 after buying an additional 1,097 shares in the last quarter. nVerses Capital LLC lifted its holdings in Barings BDC by 50.0% during the 3rd quarter. nVerses Capital LLC now owns 3,300 shares of the company’s stock worth $32,000 after buying an additional 1,100 shares during the last quarter. ProShare Advisors LLC grew its position in shares of Barings BDC by 8.0% in the 2nd quarter. ProShare Advisors LLC now owns 14,895 shares of the company’s stock worth $145,000 after acquiring an additional 1,101 shares in the last quarter. Finally, SeaCrest Wealth Management LLC increased its holdings in shares of Barings BDC by 6.7% in the 2nd quarter. SeaCrest Wealth Management LLC now owns 19,169 shares of the company’s stock valued at $187,000 after acquiring an additional 1,200 shares during the last quarter. Institutional investors and hedge funds own 44.09% of the company’s stock.

About Barings BDC

Barings BDC, Inc is a publicly traded, externally managed investment company that has elected to be treated as a business development company under the Investment Company Act of 1940. It seeks to invest primarily in senior secured loans, first lien debt, unitranche, second lien debt, subordinated debt, equity co-investments and senior secured private debt investments in private middle-market companies that operate across a wide range of industries.