Barings BDC Inc (NYSE:BBDC) saw a large decline in short interest during the month of October. As of October 31st, there was short interest totalling 559,100 shares, a decline of 10.9% from the September 30th total of 627,300 shares. Approximately 1.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 129,700 shares, the short-interest ratio is presently 4.3 days.
In other news, Director John Switzer acquired 3,000 shares of the stock in a transaction that occurred on Wednesday, August 28th. The shares were bought at an average cost of $9.88 per share, for a total transaction of $29,640.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.29% of the company’s stock.
Institutional investors have recently modified their holdings of the company. First Personal Financial Services boosted its holdings in shares of Barings BDC by 150.0% during the 3rd quarter. First Personal Financial Services now owns 5,000 shares of the company’s stock worth $51,000 after purchasing an additional 3,000 shares during the last quarter. FNY Investment Advisers LLC boosted its holdings in shares of Barings BDC by 32.9% during the 2nd quarter. FNY Investment Advisers LLC now owns 9,300 shares of the company’s stock worth $91,000 after purchasing an additional 2,300 shares during the last quarter. Sigma Planning Corp acquired a new position in shares of Barings BDC during the 2nd quarter worth approximately $99,000. Allianz Asset Management GmbH acquired a new position in shares of Barings BDC during the 2nd quarter worth approximately $136,000. Finally, Strategic Financial Group LLC acquired a new position in shares of Barings BDC during the 2nd quarter worth approximately $192,000. Institutional investors and hedge funds own 95.95% of the company’s stock.
Several equities research analysts recently issued reports on BBDC shares. Zacks Investment Research cut Barings BDC from a “hold” rating to a “sell” rating in a report on Tuesday, October 1st. National Securities started coverage on Barings BDC in a report on Wednesday, October 23rd. They issued a “neutral” rating and a $10.00 price objective on the stock. Finally, ValuEngine upgraded Barings BDC from a “hold” rating to a “buy” rating in a report on Friday, October 25th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. Barings BDC has an average rating of “Hold” and an average price target of $10.40.
Shares of Barings BDC stock traded down $0.06 on Friday, hitting $10.24. 51,929 shares of the company were exchanged, compared to its average volume of 88,527. The stock has a market capitalization of $527.38 million, a price-to-earnings ratio of 16.35, a price-to-earnings-growth ratio of 3.28 and a beta of 0.64. The company has a 50-day moving average price of $10.20 and a 200 day moving average price of $10.01. Barings BDC has a 1-year low of $8.70 and a 1-year high of $10.41. The company has a quick ratio of 4.64, a current ratio of 4.64 and a debt-to-equity ratio of 1.10.
Barings BDC (NYSE:BBDC) last issued its earnings results on Tuesday, October 29th. The company reported $0.16 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.16. The business had revenue of $19.30 million for the quarter, compared to analysts’ expectations of $20.34 million. Barings BDC had a return on equity of 5.48% and a net margin of 6.67%. Research analysts forecast that Barings BDC will post 0.63 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 11th will be issued a dividend of $0.15 per share. This is a boost from Barings BDC’s previous quarterly dividend of $0.14. This represents a $0.60 annualized dividend and a dividend yield of 5.86%. The ex-dividend date is Tuesday, December 10th.
About Barings BDC
Barings BDC, Inc (NYSE:BBDC) is a business development company specializing in private equity and mezzanine investments. It focuses on leveraged buyouts, management buyouts, ESOPs, change of control transactions, acquisition financings, growth financing, and recapitalizations in lower middle market, mature, and later stage companies.
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