Barings BDC (NYSE:BBDC) Shares Gap Down to $10.08

Barings BDC, Inc. (NYSE:BBDC) shares gapped down prior to trading on Wednesday . The stock had previously closed at $10.08, but opened at $9.78. Barings BDC shares last traded at $9.76, with a volume of 109,744 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Keefe, Bruyette & Woods boosted their price objective on Barings BDC from $10.00 to $10.50 and gave the stock a “market perform” rating in a report on Thursday, May 23rd. Wells Fargo & Company boosted their price target on Barings BDC from $9.00 to $9.50 and gave the company an “equal weight” rating in a research note on Friday, July 26th.

Barings BDC Price Performance

The firm has a market capitalization of $1.04 billion, a P/E ratio of 8.00 and a beta of 0.67. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.29. The business’s 50 day moving average is $9.95 and its 200-day moving average is $9.67.

Barings BDC (NYSE:BBDC) last issued its earnings results on Wednesday, August 7th. The company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.30 by $0.10. The firm had revenue of $74.89 million during the quarter, compared to the consensus estimate of $70.75 million. Barings BDC had a return on equity of 11.49% and a net margin of 38.32%. During the same quarter in the previous year, the firm earned $0.31 earnings per share. As a group, sell-side analysts predict that Barings BDC, Inc. will post 1.28 EPS for the current fiscal year.

Barings BDC Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 11th. Stockholders of record on Wednesday, September 4th will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 10.57%. The ex-dividend date is Wednesday, September 4th. Barings BDC’s dividend payout ratio (DPR) is currently 84.55%.

Hedge Funds Weigh In On Barings BDC

A number of hedge funds have recently modified their holdings of the business. Harbor Capital Advisors Inc. increased its position in Barings BDC by 273.4% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 297,938 shares of the company’s stock valued at $2,899,000 after purchasing an additional 218,146 shares during the period. BI Asset Management Fondsmaeglerselskab A S boosted its position in shares of Barings BDC by 59.0% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 296,548 shares of the company’s stock valued at $2,758,000 after purchasing an additional 110,037 shares in the last quarter. HighPoint Advisor Group LLC acquired a new stake in Barings BDC during the fourth quarter worth approximately $815,000. Wealth Enhancement Advisory Services LLC bought a new stake in Barings BDC in the second quarter worth approximately $731,000. Finally, Chicago Partners Investment Group LLC bought a new stake in Barings BDC in the fourth quarter worth approximately $292,000. 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.