Barings BDC (NYSE:BBDC) Sets New 52-Week High – What’s Next?

Barings BDC, Inc. (NYSE:BBDC) reached a new 52-week high during trading on Tuesday . The stock traded as high as $10.39 and last traded at $10.06, with a volume of 147 shares traded. The stock had previously closed at $10.08.

Barings BDC Stock Up 0.0 %

The company’s 50 day moving average price is $9.73 and its 200 day moving average price is $9.82. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of 9.34 and a beta of 0.69. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.29.

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

Barings BDC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Wednesday, December 4th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 10.31%. The ex-dividend date of this dividend was Wednesday, December 4th. Barings BDC’s dividend payout ratio (DPR) is 96.30%.

Insider Buying and Selling

In other news, Director Stephen R. Byers purchased 8,485 shares of the business’s stock in a transaction dated Friday, December 13th. The shares were purchased at an average cost of $9.73 per share, with a total value of $82,559.05. Following the completion of the purchase, the director now owns 50,001 shares of the company’s stock, valued at $486,509.73. This trade represents a 20.44 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, insider Michael James O’connor sold 29,424 shares of Barings BDC stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $9.70, for a total value of $285,412.80. The disclosure for this sale can be found here. In the last 90 days, insiders bought 14,048 shares of company stock valued at $136,772. Company insiders own 0.45% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. increased its position in shares of Barings BDC by 393.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,582 shares of the company’s stock valued at $25,000 after purchasing an additional 2,059 shares during the last quarter. Nomura Asset Management Co. Ltd. bought a new stake in shares of Barings BDC during the 3rd quarter valued at $26,000. nVerses Capital LLC raised its position in shares of Barings BDC by 50.0% during the 3rd quarter. nVerses Capital LLC now owns 3,300 shares of the company’s stock valued at $32,000 after purchasing an additional 1,100 shares during the period. MML Investors Services LLC purchased a new position in Barings BDC during the third quarter valued at $99,000. Finally, Centaurus Financial Inc. bought a new stake in shares of Barings BDC in the 3rd quarter valued at approximately $99,000. Institutional investors and hedge funds own 44.09% of the company’s stock.

Barings BDC Company Profile

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.