Barings BDC (NYSE:BBDC) Hits New 1-Year Low – Here’s What Happened

Barings BDC, Inc. (NYSE:BBDC)’s stock price reached a new 52-week low during trading on Friday . The company traded as low as $8.62 and last traded at $8.80, with a volume of 471067 shares. The stock had previously closed at $9.29.

Barings BDC Trading Down 6.7 %

The firm has a 50 day moving average of $9.89 and a 200 day moving average of $9.80. The firm has a market cap of $913.79 million, a PE ratio of 8.34 and a beta of 0.56. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.37.

Barings BDC (NYSE:BBDC) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.01). Barings BDC had a net margin of 38.54% and a return on equity of 10.94%. The firm had revenue of $70.63 million for the quarter, compared to analysts’ expectations of $69.35 million. Equities analysts anticipate that Barings BDC, Inc. will post 1.13 earnings per share for the current year.

Barings BDC Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, March 5th were issued a dividend of $0.26 per share. The ex-dividend date was Wednesday, March 5th. This represents a $1.04 dividend on an annualized basis and a yield of 12.00%. Barings BDC’s payout ratio is 100.00%.

Hedge Funds Weigh In On Barings BDC

A number of large investors have recently made changes to their positions in the stock. Verition Fund Management LLC purchased a new stake in shares of Barings BDC in the third quarter worth about $115,000. Stifel Financial Corp lifted its stake in Barings BDC by 1.6% in the 3rd quarter. Stifel Financial Corp now owns 64,110 shares of the company’s stock worth $628,000 after purchasing an additional 1,017 shares in the last quarter. Kovitz Investment Group Partners LLC bought a new position in Barings BDC in the 3rd quarter valued at $10,549,000. Jane Street Group LLC purchased a new position in shares of Barings BDC during the 3rd quarter valued at $307,000. Finally, MML Investors Services LLC bought a new position in shares of Barings BDC in the third quarter worth $99,000. 44.09% of the stock is 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.