Barings BDC, Inc. (NYSE:BBDC - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $7.66 and last traded at $8.47, with a volume of 1069588 shares trading hands. The stock had previously closed at $7.89.
Analyst Ratings Changes
Separately, Keefe, Bruyette & Woods decreased their target price on shares of Barings BDC from $10.50 to $9.50 and set a "market perform" rating on the stock in a research report on Tuesday, April 8th.
Get Our Latest Stock Analysis on Barings BDC
Barings BDC Price Performance
The firm has a market cap of $905.46 million, a P/E ratio of 8.27 and a beta of 0.56. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.14 and a quick ratio of 0.14. The stock's 50-day simple moving average is $9.60 and its two-hundred day simple moving average is $9.71.
Barings BDC (NYSE:BBDC - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.01). Barings BDC had a net margin of 38.54% and a return on equity of 10.94%. The firm had revenue of $70.63 million for the quarter, compared to the consensus estimate of $69.35 million. Equities research analysts forecast that Barings BDC, Inc. will post 1.13 earnings per share for the current fiscal year.
Barings BDC Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, March 5th were issued a $0.26 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $1.04 annualized dividend and a dividend yield of 12.11%. Barings BDC's payout ratio is 100.00%.
Institutional Trading of Barings BDC
A number of large investors have recently made changes to their positions in BBDC. Verition Fund Management LLC purchased a new stake in Barings BDC in the 3rd quarter valued at about $115,000. Stifel Financial Corp boosted its holdings in shares of Barings BDC by 1.6% in the third 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 during the period. Jane Street Group LLC bought a new position in Barings BDC in the third quarter worth approximately $307,000. MML Investors Services LLC purchased a new position in Barings BDC during the 3rd quarter worth $99,000. Finally, Nomura Asset Management Co. Ltd. bought a new stake in Barings BDC during the 3rd quarter valued at $26,000. 44.09% of the stock is owned by hedge funds and other institutional investors.
About Barings BDC
(
Get Free Report)
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.
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