Barings Bdc (NYSE:BBDC) Stock Breaks Above 200 Day Moving Average - Here's What Happened

Barings Bdc, Inc. (NYSE:BBDC - Get Free Report) passed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $8.67 and traded as high as $8.98. Barings Bdc shares last traded at $8.7760, with a volume of 673,609 shares changing hands.

Analyst Ratings Changes

BBDC has been the subject of a number of research reports. Weiss Ratings downgraded Barings Bdc from a "hold (c+)" rating to a "hold (c)" rating in a report on Wednesday, September 16th. Zacks Research downgraded shares of Barings Bdc from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 22nd. Wells Fargo & Company raised their price target on shares of Barings Bdc from $9.50 to $10.00 and gave the stock an "overweight" rating in a research report on Monday, August 10th. Finally, Raymond James Financial set a $9.00 price target on shares of Barings Bdc in a research report on Thursday, October 22nd. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $9.50.

Barings Bdc Stock Up 1.6%

The firm has a market cap of $918.93 million, a price-to-earnings ratio of 10.32 and a beta of 0.65. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.09 and a quick ratio of 0.09. The stock has a 50-day moving average of $8.67 and a 200-day moving average of $8.67.

Barings Bdc (NYSE:BBDC - Get Free Report) last issued its quarterly earnings results on Thursday, November 5th. The company reported $0.24 EPS for the quarter, missing analysts' consensus estimates of $0.26 by ($0.02). The company had revenue of $64.29 million during the quarter, compared to the consensus estimate of $63.54 million. Barings Bdc had a return on equity of 10.07% and a net margin of 32.73%. During the same quarter in the previous year, the business posted $0.22 EPS. Sell-side analysts predict that Barings Bdc, Inc. will post 1.04 EPS for the current fiscal year.

Barings Bdc Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 9th. Investors of record on Wednesday, December 2nd will be given a dividend of $0.26 per share. The ex-dividend date is Wednesday, December 2nd. This represents a $1.04 annualized dividend and a dividend yield of 11.9%. Barings Bdc's dividend payout ratio (DPR) is currently 122.35%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Private Management Group Inc. raised its holdings in shares of Barings Bdc by 2.3% during the 3rd quarter. Private Management Group Inc. now owns 4,890,673 shares of the company's stock worth $42,158,000 after buying an additional 110,949 shares in the last quarter. Van ECK Associates Corp raised its stake in Barings Bdc by 26.6% during the second quarter. Van ECK Associates Corp now owns 2,309,564 shares of the company's stock worth $19,677,000 after acquiring an additional 484,649 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Barings Bdc by 3.0% in the third quarter. Russell Investments Group Ltd. now owns 1,271,275 shares of the company's stock worth $10,958,000 after acquiring an additional 36,763 shares during the last quarter. Legal & General Group Plc bought a new position in shares of Barings Bdc in the second quarter worth about $7,483,000. Finally, Bank of America Corp DE bought a new position in shares of Barings Bdc in the second quarter worth about $5,885,000. 44.09% of the stock is currently owned by institutional investors and hedge funds.

About Barings Bdc

Barings BDC, Inc NYSE: BBDC is a business development company that provides financing to privately owned, middle-market businesses. The company seeks to support companies across a range of industries by investing in their debt and equity securities.

Barings BDC primarily invests in senior secured loans, including first-lien and second-lien debt, as well as subordinated debt and selected equity investments. Its portfolio companies are generally based in the United States and may use the financing for acquisitions, recapitalizations, refinancing, growth initiatives, and other corporate purposes.

The company was formerly known as Triangle Capital Corporation and adopted the Barings BDC name following a change in its investment management arrangements.

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