Barings Bdc, Inc. (NYSE:BBDC) Short Interest Update

Barings Bdc, Inc. (NYSE:BBDC) was the recipient of a significant growth in short interest during the month of February. As of February 27th, there was short interest totaling 1,397,966 shares, a growth of 29.3% from the February 12th total of 1,080,960 shares. Currently, 1.3% of the company’s stock are sold short. Based on an average trading volume of 1,020,828 shares, the days-to-cover ratio is presently 1.4 days. Based on an average trading volume of 1,020,828 shares, the days-to-cover ratio is presently 1.4 days. Currently, 1.3% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of BBDC. CreativeOne Wealth LLC boosted its holdings in Barings Bdc by 3.4% during the second quarter. CreativeOne Wealth LLC now owns 34,696 shares of the company’s stock valued at $317,000 after acquiring an additional 1,129 shares during the period. Cobblestone Capital Advisors LLC NY increased its stake in shares of Barings Bdc by 8.0% in the third quarter. Cobblestone Capital Advisors LLC NY now owns 15,464 shares of the company’s stock worth $135,000 after purchasing an additional 1,149 shares during the period. Sound Income Strategies LLC lifted its position in shares of Barings Bdc by 9.6% during the 3rd quarter. Sound Income Strategies LLC now owns 13,985 shares of the company’s stock worth $118,000 after purchasing an additional 1,228 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Barings Bdc by 0.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 149,937 shares of the company’s stock valued at $1,369,000 after purchasing an additional 1,228 shares during the period. Finally, Financial Gravity Asset Management Inc. boosted its stake in Barings Bdc by 7.4% during the 4th quarter. Financial Gravity Asset Management Inc. now owns 19,761 shares of the company’s stock valued at $181,000 after purchasing an additional 1,369 shares during the period. Institutional investors own 44.09% of the company’s stock.

Barings Bdc Stock Performance

Shares of NYSE BBDC opened at $8.11 on Tuesday. The business’s 50-day simple moving average is $8.89 and its 200-day simple moving average is $8.95. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.10 and a current ratio of 0.10. Barings Bdc has a 52 week low of $7.66 and a 52 week high of $9.92. The firm has a market cap of $848.67 million, a price-to-earnings ratio of 8.36 and a beta of 0.60.

Barings Bdc (NYSE:BBDC) last posted its earnings results on Thursday, February 19th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.01. Barings Bdc had a return on equity of 10.05% and a net margin of 36.50%.The firm had revenue of $65.28 million during the quarter, compared to analyst estimates of $67.66 million. During the same period in the previous year, the company earned $0.28 EPS. As a group, equities research analysts expect that Barings Bdc will post 1.13 earnings per share for the current fiscal year.

Barings Bdc Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 11th. Investors of record on Wednesday, March 4th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 12.8%. The ex-dividend date of this dividend was Wednesday, March 4th. Barings Bdc’s dividend payout ratio is currently 107.22%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered shares of Barings Bdc from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, March 5th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Barings Bdc presently has an average rating of “Moderate Buy” and a consensus price target of $9.67.

About Barings Bdc

Barings BDC Inc (NYSE: BBDC) is a closed-end, externally managed business development company that provides flexible financing solutions to middle-market companies. As an investment vehicle organized under the Investment Company Act of 1940, BBDC seeks to generate both current income and capital appreciation by investing primarily in senior secured loans, second lien loans, mezzanine debt and equity co-investments. The company targets established businesses across a diverse range of industries, including healthcare, industrials, consumer products and business services.

The company is sponsored and managed by Barings LLC, a global investment manager and subsidiary of Massachusetts Mutual Life Insurance Company (MassMutual).