Barings BDC (NYSE:BBDC) Hits New 52-Week High at $10.41

Shares of Barings BDC Inc (NYSE:BBDC) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $10.41 and last traded at $10.31, with a volume of 133042 shares trading hands. The stock had previously closed at $10.28.

A number of equities research analysts recently issued reports on BBDC shares. Zacks Investment Research lowered Barings BDC from a “hold” rating to a “sell” rating in a research note on Tuesday, October 1st. National Securities began 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. Finally, ValuEngine upgraded Barings BDC from a “hold” rating to a “buy” rating in a report on Friday, October 25th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $10.40.

The company has a fifty day simple moving average of $10.18 and a two-hundred day simple moving average of $10.00. The company has a debt-to-equity ratio of 1.10, a quick ratio of 4.64 and a current ratio of 4.64. The company has a market capitalization of $525.84 million, a price-to-earnings ratio of 16.30, a P/E/G ratio of 3.27 and a beta of 0.64.

Barings BDC (NYSE:BBDC) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $0.16 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.16. The company had revenue of $19.30 million during the quarter, compared to the consensus estimate of $20.34 million. Barings BDC had a return on equity of 5.48% and a net margin of 6.67%. As a group, analysts expect that Barings BDC Inc will post 0.63 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 11th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, December 10th. This is an increase from Barings BDC’s previous quarterly dividend of $0.14. This represents a $0.60 annualized dividend and a yield of 5.82%.

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In other Barings BDC news, Director John Switzer purchased 3,000 shares of the business’s stock in a transaction on Wednesday, August 28th. The stock was bought at an average cost of $9.88 per share, for a total transaction of $29,640.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.29% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. California Public Employees Retirement System increased its holdings in shares of Barings BDC by 45.2% during the 3rd quarter. California Public Employees Retirement System now owns 22,500 shares of the company’s stock worth $228,000 after buying an additional 7,000 shares during the last quarter. FNY Investment Advisers LLC boosted its position in Barings BDC by 12.4% in the 3rd 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. Confluence Investment Management LLC boosted its position in Barings BDC by 1.2% in the 3rd 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. First Personal Financial Services boosted its position in Barings BDC by 150.0% in the 3rd 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. Finally, Barings LLC purchased a new position in Barings BDC in the 2nd quarter valued at about $134,214,000. Institutional investors and hedge funds own 95.99% of the company’s stock.

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.

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