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

Shares of Barings BDC, Inc. (NYSE:BBDC) hit a new 52-week low during trading on Friday . The stock traded as low as $8.95 and last traded at $9.33, with a volume of 1010948 shares trading hands. The stock had previously closed at $9.36.

Barings BDC Stock Up 0.5 %

The stock has a market capitalization of $991.27 million, a P/E ratio of 9.04 and a beta of 0.66. The company’s 50-day moving average price is $9.93 and its 200 day moving average price is $9.85. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.14 and a current ratio of 0.14.

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

Barings BDC Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, March 5th were issued a $0.26 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $1.04 dividend on an annualized basis and a yield of 11.06%. Barings BDC’s dividend payout ratio is currently 100.00%.

Institutional Trading of Barings BDC

A number of institutional investors and hedge funds have recently bought and sold shares of BBDC. Sigma Planning Corp increased its holdings in Barings BDC by 25.3% in the 3rd quarter. Sigma Planning Corp now owns 15,509 shares of the company’s stock valued at $152,000 after acquiring an additional 3,127 shares during the last quarter. Apollon Wealth Management LLC grew its stake in shares of Barings BDC by 42.6% in the 3rd quarter. Apollon Wealth Management LLC now owns 79,818 shares of the company’s stock worth $782,000 after buying an additional 23,855 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Barings BDC by 38.9% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 252,518 shares of the company’s stock worth $2,475,000 after buying an additional 70,722 shares in the last quarter. Muzinich & Co. Inc. grew its stake in shares of Barings BDC by 38.9% in the 3rd quarter. Muzinich & Co. Inc. now owns 252,518 shares of the company’s stock worth $2,475,000 after buying an additional 70,722 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its stake in shares of Barings BDC by 8.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 350,659 shares of the company’s stock worth $3,436,000 after buying an additional 26,420 shares in the last quarter. 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.