Barings Bdc, Inc. (NYSE:BBDC) Short Interest Update

Barings Bdc, Inc. (NYSE:BBDC) was the recipient of a significant growth in short interest in the month of February. As of February 13th, there was short interest totaling 1,080,960 shares, a growth of 51.2% from the January 29th total of 714,892 shares. Currently, 1.0% of the company’s stock are short sold. Based on an average daily trading volume, of 888,532 shares, the short-interest ratio is currently 1.2 days. Based on an average daily trading volume, of 888,532 shares, the short-interest ratio is currently 1.2 days. Currently, 1.0% of the company’s stock are short sold.

Analyst Ratings Changes

Several research firms recently issued reports on BBDC. Wells Fargo & Company decreased their price objective on shares of Barings Bdc from $10.00 to $9.50 and set an “overweight” rating for the company in a report on Monday, November 10th. Weiss Ratings raised Barings Bdc from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, February 11th. Finally, Keefe, Bruyette & Woods cut their price objective on Barings Bdc from $10.00 to $9.50 and set a “market perform” rating for the company in a research report on Monday, November 10th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $9.67.

Institutional Trading of Barings Bdc

A number of hedge funds have recently bought and sold shares of BBDC. Farther Finance Advisors LLC grew its stake in Barings Bdc by 65.6% during the fourth quarter. Farther Finance Advisors LLC now owns 3,992 shares of the company’s stock valued at $37,000 after acquiring an additional 1,582 shares in the last quarter. State of Alaska Department of Revenue purchased a new stake in shares of Barings Bdc during the third quarter valued at $38,000. Mather Group LLC. purchased a new position in shares of Barings Bdc during the third quarter valued at approximately $44,000. BNP Paribas Financial Markets purchased a new position in shares of Barings Bdc in the 3rd quarter worth $44,000. Finally, Flagship Harbor Advisors LLC bought a new stake in shares of Barings Bdc during the 4th quarter valued at about $46,000. 44.09% of the stock is currently owned by institutional investors.

Barings Bdc Stock Up 1.9%

NYSE BBDC traded up $0.16 on Monday, reaching $8.60. The company had a trading volume of 1,227,754 shares, compared to its average volume of 903,639. The firm has a market capitalization of $900.51 million, a price-to-earnings ratio of 7.54 and a beta of 0.60. The company’s fifty day moving average is $9.05 and its 200-day moving average is $9.05. Barings Bdc has a 1-year low of $7.66 and a 1-year high of $10.58. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.10 and a current ratio of 0.10.

Barings Bdc (NYSE:BBDC) last posted its quarterly earnings results on Thursday, February 19th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.01. The firm had revenue of $65.28 million for the quarter, compared to analyst estimates of $67.66 million. Barings Bdc had a net margin of 36.50% and a return on equity of 10.05%. During the same period in the prior year, the firm posted $0.28 earnings per share. On average, research analysts forecast that Barings Bdc will post 1.13 earnings per share for the current fiscal year.

Barings Bdc Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 11th. Shareholders of record on Wednesday, March 4th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 12.1%. The ex-dividend date is Wednesday, March 4th. Barings Bdc’s dividend payout ratio is presently 107.22%.

About Barings Bdc

Barings BDC Inc (NYSE: BBDC) is a closed-end, externally managed business development company that provides flexible financing solutions to middle-market companies. As an investment vehicle organized under the Investment Company Act of 1940, BBDC seeks to generate both current income and capital appreciation by investing primarily in senior secured loans, second lien loans, mezzanine debt and equity co-investments. The company targets established businesses across a diverse range of industries, including healthcare, industrials, consumer products and business services.

The company is sponsored and managed by Barings LLC, a global investment manager and subsidiary of Massachusetts Mutual Life Insurance Company (MassMutual).