Barings Bdc (NYSE:BBDC) Shares Gap Down – What’s Next?

Barings Bdc, Inc. (NYSE:BBDC)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $9.30, but opened at $9.02. Barings Bdc shares last traded at $9.0550, with a volume of 103,850 shares traded.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on BBDC shares. Wells Fargo & Company boosted their price target on Barings Bdc from $9.50 to $10.00 and gave the company an “overweight” rating in a report on Monday, August 10th. Zacks Research lowered Barings Bdc from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. Finally, Weiss Ratings upgraded Barings Bdc from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $9.75.

Barings Bdc Stock Performance

The firm’s fifty day moving average price is $8.80 and its 200 day moving average price is $8.63. The firm has a market cap of $940.30 million, a P/E ratio of 10.82 and a beta of 0.60. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.09 and a current ratio of 0.09.

Barings Bdc (NYSE:BBDC) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.03. The firm had revenue of $54.58 million for the quarter, compared to the consensus estimate of $60.10 million. Barings Bdc had a net margin of 32.73% and a return on equity of 10.07%. During the same period last year, the firm earned $0.28 earnings per share. Sell-side analysts expect that Barings Bdc, Inc. will post 1.04 EPS for the current fiscal year.

Barings Bdc Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Wednesday, September 2nd will be issued a $0.26 dividend. The ex-dividend date is Wednesday, September 2nd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 11.6%. Barings Bdc’s dividend payout ratio (DPR) is currently 125.30%.

Institutional Investors Weigh In On Barings Bdc

Hedge funds have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. bought a new stake in Barings Bdc during the second quarter valued at about $28,000. MBM Wealth Consultants LLC purchased a new stake in shares of Barings Bdc during the first quarter valued at about $30,000. Quantbot Technologies LP purchased a new stake in shares of Barings Bdc during the second quarter valued at about $35,000. Farther Finance Advisors LLC boosted its holdings in shares of Barings Bdc by 65.6% in the 4th quarter. Farther Finance Advisors LLC now owns 3,992 shares of the company’s stock valued at $37,000 after buying an additional 1,582 shares in the last quarter. Finally, BNP Paribas Financial Markets bought a new stake in shares of Barings Bdc in the 3rd quarter valued at about $44,000. 44.09% of the stock is currently owned by hedge funds and other institutional investors.

Barings Bdc Company Profile

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).