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

Barings BDC, Inc. (NYSE:BBDCGet Rating) saw a large increase in short interest during the month of July. As of July 15th, there was short interest totalling 1,180,000 shares, an increase of 26.2% from the June 30th total of 934,700 shares. Based on an average daily trading volume, of 620,700 shares, the short-interest ratio is currently 1.9 days.

Barings BDC Price Performance

BBDC opened at $9.88 on Tuesday. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of 8.98 and a beta of 0.60. Barings BDC has a fifty-two week low of $9.18 and a fifty-two week high of $11.55. The company’s 50-day moving average price is $9.72 and its 200 day moving average price is $10.26. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.57.

Barings BDC (NYSE:BBDCGet Rating) last released its quarterly earnings data on Thursday, May 5th. The company reported $0.23 earnings per share for the quarter, hitting the consensus estimate of $0.23. The firm had revenue of $43.76 million for the quarter, compared to analyst estimates of $39.20 million. Barings BDC had a net margin of 51.33% and a return on equity of 7.17%. During the same quarter in the prior year, the business earned $0.22 earnings per share. As a group, sell-side analysts expect that Barings BDC will post 0.96 earnings per share for the current year.

Barings BDC Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 15th. Shareholders of record on Wednesday, June 8th were given a $0.24 dividend. This is a boost from Barings BDC’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Tuesday, June 7th. This represents a $0.96 annualized dividend and a yield of 9.72%. Barings BDC’s dividend payout ratio is 87.27%.

Insider Buying and Selling at Barings BDC

In related news, Director Stephen R. Byers bought 16,035 shares of the business’s stock in a transaction dated Monday, May 9th. The shares were acquired at an average price of $10.25 per share, for a total transaction of $164,358.75. Following the purchase, the director now owns 16,035 shares in the company, valued at approximately $164,358.75. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders bought a total of 18,121 shares of company stock valued at $185,749 in the last ninety days. Insiders own 0.43% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of BBDC. National Asset Management Inc. grew its position in Barings BDC by 12.9% in the 4th quarter. National Asset Management Inc. now owns 12,720 shares of the company’s stock worth $141,000 after purchasing an additional 1,450 shares during the last quarter. Claraphi Advisory Network LLC grew its position in Barings BDC by 11.8% in the 4th quarter. Claraphi Advisory Network LLC now owns 28,252 shares of the company’s stock worth $311,000 after purchasing an additional 2,987 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in Barings BDC by 43.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 58,757 shares of the company’s stock worth $648,000 after purchasing an additional 17,784 shares during the last quarter. GraniteShares Advisors LLC bought a new position in Barings BDC in the 4th quarter worth about $701,000. Finally, Raymond James & Associates grew its position in Barings BDC by 34.1% in the 4th quarter. Raymond James & Associates now owns 239,475 shares of the company’s stock worth $2,639,000 after purchasing an additional 60,960 shares during the last quarter. Institutional investors own 66.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on BBDC. TheStreet upgraded shares of Barings BDC from a “c” rating to a “b” rating in a research note on Wednesday, May 25th. Wells Fargo & Company cut their target price on shares of Barings BDC from $13.00 to $12.50 and set an “overweight” rating on the stock in a research note on Monday, April 25th.

About Barings BDC

(Get Rating)

Barings BDC, Inc (NYSE: BBDC) 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.

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