Barings BDC (NYSE:BBDC) Hits New 12-Month High – Here’s What Happened

Barings BDC, Inc. (NYSE:BBDC)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $10.27 and last traded at $10.21, with a volume of 144584 shares trading hands. The stock had previously closed at $10.20.

Barings BDC Price Performance

The firm has a 50-day moving average price of $9.81 and a 200 day moving average price of $9.85. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.11 and a quick ratio of 0.11. The company has a market cap of $1.08 billion, a price-to-earnings ratio of 9.44 and a beta of 0.67.

Barings BDC (NYSE:BBDC) last issued its quarterly 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 for the quarter, compared to analyst estimates of $70.48 million. Barings BDC had a return on equity of 11.24% and a net margin of 39.59%. During the same period in the prior year, the company earned $0.31 EPS. Sell-side analysts predict that Barings BDC, Inc. will post 1.24 EPS for the current year.

Barings BDC Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Wednesday, December 4th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 10.20%. The ex-dividend date of this dividend is Wednesday, December 4th. Barings BDC’s dividend payout ratio is currently 96.30%.

Institutional Investors Weigh In On Barings BDC

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Nomura Asset Management Co. Ltd. bought a new stake in Barings BDC during the third quarter worth $26,000. nVerses Capital LLC lifted its stake in shares of Barings BDC by 50.0% in the 3rd quarter. nVerses Capital LLC now owns 3,300 shares of the company’s stock valued at $32,000 after acquiring an additional 1,100 shares during the last quarter. Asset Dedication LLC bought a new position in shares of Barings BDC in the 2nd quarter valued at $36,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Barings BDC in the 2nd quarter valued at $86,000. Finally, Advisory Alpha LLC bought a new position in shares of Barings BDC in the 2nd quarter valued at $99,000. 44.09% of the stock is currently owned by institutional investors.

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.