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

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

Barings BDC Price Performance

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

Barings BDC (NYSE:BBDC) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). The firm had revenue of $70.85 million during the quarter, compared to the consensus estimate of $70.48 million. Barings BDC had a net margin of 39.59% and a return on equity of 11.24%. During the same quarter in the previous year, the company posted $0.31 earnings per share. On average, research analysts anticipate that Barings BDC, Inc. will post 1.24 earnings per share for the current fiscal year.

Barings BDC Dividend Announcement

The business also recently announced 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 annualized dividend and a yield of 10.20%. The ex-dividend date is Wednesday, December 4th. Barings BDC’s dividend payout ratio is currently 96.30%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Nomura Asset Management Co. Ltd. acquired a new stake in Barings BDC during the 3rd quarter worth about $26,000. MML Investors Services LLC acquired a new stake in Barings BDC during the 3rd quarter worth about $99,000. Jane Street Group LLC acquired a new stake in Barings BDC during the 3rd quarter worth about $307,000. Kovitz Investment Group Partners LLC acquired a new stake in Barings BDC during the 3rd quarter worth about $10,549,000. Finally, Stifel Financial Corp grew its holdings in Barings BDC by 1.6% during the 3rd quarter. Stifel Financial Corp now owns 64,110 shares of the company’s stock worth $628,000 after acquiring an additional 1,017 shares during the period. 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.