Barings BDC (NYSE:BBDC) Sets New 1-Year Low – Time to Sell?

Shares of Barings BDC, Inc. (NYSE:BBDC) hit a new 52-week low during trading on Thursday . The stock traded as low as $7.66 and last traded at $8.47, with a volume of 1069588 shares traded. The stock had previously closed at $7.89.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods cut their price target on shares of Barings BDC from $10.50 to $9.50 and set a “market perform” rating on the stock in a research note on Tuesday.

Barings BDC Trading Up 1.5 %

The company has a market capitalization of $884.91 million, a PE ratio of 8.07 and a beta of 0.56. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.14 and a current ratio of 0.14. The business has a fifty day moving average price of $9.63 and a 200 day moving average price of $9.72.

Barings BDC (NYSE:BBDC) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.01). Barings BDC had a net margin of 38.54% and a return on equity of 10.94%. The business had revenue of $70.63 million for the quarter, compared to analyst estimates of $69.35 million. Analysts expect that Barings BDC, Inc. will post 1.13 EPS for the current fiscal year.

Barings BDC Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, March 5th were issued a $0.26 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $1.04 annualized dividend and a yield of 12.39%. Barings BDC’s dividend payout ratio is currently 100.00%.

Institutional Trading of Barings BDC

Large investors have recently bought and sold shares of the company. JPMorgan Chase & Co. increased its position in shares of Barings BDC by 393.7% during the third quarter. JPMorgan Chase & Co. now owns 2,582 shares of the company’s stock worth $25,000 after acquiring an additional 2,059 shares during the last quarter. Lee Danner & Bass Inc. purchased a new stake in Barings BDC during the 4th quarter worth approximately $25,000. Nomura Asset Management Co. Ltd. acquired a new position in shares of Barings BDC in the 3rd quarter valued at approximately $26,000. Ameriflex Group Inc. purchased a new position in shares of Barings BDC during the 4th quarter valued at approximately $80,000. Finally, Entropy Technologies LP acquired a new stake in shares of Barings BDC during the fourth quarter worth approximately $98,000. 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.