Barings BDC (NYSE:BBDC) Sets New 12-Month High at $10.58

Share on StockTwits

Shares of Barings BDC Inc (NYSE:BBDC) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $10.58 and last traded at $10.58, with a volume of 2538 shares traded. The stock had previously closed at $10.58.

BBDC has been the topic of a number of recent analyst reports. ValuEngine downgraded Barings BDC from a “buy” rating to a “hold” rating in a research report on Tuesday, December 3rd. National Securities assumed coverage on Barings BDC in a research note on Wednesday, October 23rd. They issued a “neutral” rating and a $10.00 target price on the stock. Zacks Investment Research cut Barings BDC from a “hold” rating to a “sell” rating in a research note on Tuesday, January 7th. Finally, TheStreet raised Barings BDC from a “d+” rating to a “c-” rating in a research note on Friday, November 29th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. Barings BDC has an average rating of “Hold” and a consensus target price of $10.40.

The firm has a market cap of $537.62 million, a P/E ratio of 16.67 and a beta of 0.67. The company has a debt-to-equity ratio of 1.10, a current ratio of 4.64 and a quick ratio of 4.64. The stock has a 50 day moving average of $10.36 and a 200 day moving average of $10.12.

Barings BDC (NYSE:BBDC) last released its earnings results on Tuesday, October 29th. The company reported $0.16 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.16. The business had revenue of $19.30 million for the quarter, compared to analysts’ expectations of $20.34 million. Barings BDC had a return on equity of 5.48% and a net margin of 6.67%. On average, research analysts predict that Barings BDC Inc will post 0.63 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, December 11th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 5.71%. The ex-dividend date of this dividend was Tuesday, December 10th. This is a boost from Barings BDC’s previous quarterly dividend of $0.14.

In other news, insider Thomas F. Finke bought 8,000 shares of Barings BDC stock in a transaction that occurred on Wednesday, November 20th. The shares were acquired at an average price of $10.30 per share, with a total value of $82,400.00. Following the completion of the purchase, the insider now directly owns 10,000 shares in the company, valued at $103,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.29% of the stock is owned by corporate insiders.

Large investors have recently made changes to their positions in the company. California Public Employees Retirement System grew its stake in shares of Barings BDC by 45.2% during the third quarter. California Public Employees Retirement System now owns 22,500 shares of the company’s stock valued at $228,000 after buying an additional 7,000 shares during the last quarter. Barings LLC bought a new position in shares of Barings BDC during the second quarter valued at about $134,214,000. First Personal Financial Services grew its stake in shares of Barings BDC by 150.0% during the third quarter. First Personal Financial Services now owns 5,000 shares of the company’s stock valued at $51,000 after buying an additional 3,000 shares during the last quarter. Confluence Investment Management LLC grew its stake in shares of Barings BDC by 1.2% during the third quarter. Confluence Investment Management LLC now owns 919,322 shares of the company’s stock valued at $9,331,000 after buying an additional 11,203 shares during the last quarter. Finally, FNY Investment Advisers LLC grew its stake in shares of Barings BDC by 12.4% during the third quarter. FNY Investment Advisers LLC now owns 10,455 shares of the company’s stock valued at $106,000 after buying an additional 1,155 shares during the last quarter. 70.20% of the stock is currently owned by hedge funds and other institutional investors.

About Barings BDC (NYSE:BBDC)

Barings BDC, Inc (NYSE:BBDC) is a business development company specializing in private equity and mezzanine investments. It focuses on leveraged buyouts, management buyouts, ESOPs, change of control transactions, acquisition financings, growth financing, and recapitalizations in lower middle market, mature, and later stage companies.

Further Reading: What is a dividend reinvestment plan?

Receive News & Ratings for Barings BDC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barings BDC and related companies with MarketBeat.com's FREE daily email newsletter.