Barings BDC, Inc. (NYSE:BBDC) Sees Large Drop in Short Interest

Barings BDC, Inc. (NYSE:BBDC) was the recipient of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totalling 248,300 shares, a decrease of 22.3% from the August 15th total of 319,500 shares. Based on an average daily volume of 216,600 shares, the short-interest ratio is presently 1.1 days. Approximately 0.4% of the shares of the stock are sold short.

Large investors have recently modified their holdings of the company. Quadrant Capital Group LLC increased its holdings in shares of Barings BDC by 92.7% during the second quarter. Quadrant Capital Group LLC now owns 3,474 shares of the company’s stock worth $37,000 after buying an additional 1,671 shares in the last quarter. Wolverine Asset Management LLC lifted its holdings in shares of Barings BDC by 979.5% during the 1st quarter. Wolverine Asset Management LLC now owns 7,675 shares of the company’s stock worth $76,000 after acquiring an additional 6,964 shares during the period. CSM Advisors LLC bought a new position in Barings BDC in the 2nd quarter valued at approximately $119,000. HighTower Advisors LLC acquired a new stake in shares of Barings BDC during the second quarter worth $120,000. Finally, Soltis Investment Advisors LLC bought a new position in shares of Barings BDC in the second quarter valued at $122,000. 91.25% of the stock is currently owned by institutional investors.

Shares of BBDC traded up $0.21 during trading hours on Tuesday, hitting $10.84. 8,612 shares of the stock were exchanged, compared to its average volume of 266,001. Barings BDC has a 12-month low of $7.41 and a 12-month high of $11.09. The stock’s 50-day moving average price is $10.77 and its two-hundred day moving average price is $10.50. The company has a market cap of $519.91 million, a price-to-earnings ratio of 4.94 and a beta of 0.70. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.16 and a current ratio of 0.16.

Barings BDC (NYSE:BBDC) last posted its quarterly earnings results on Thursday, August 5th. The company reported $0.22 EPS for the quarter, meeting the consensus estimate of $0.22. Barings BDC had a return on equity of 6.79% and a net margin of 117.79%. The business had revenue of $33.15 million during the quarter, compared to analysts’ expectations of $30.60 million. On average, research analysts expect that Barings BDC will post 0.9 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 15th. Stockholders of record on Wednesday, September 8th were issued a $0.21 dividend. The ex-dividend date was Tuesday, September 7th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 7.75%. This is a positive change from Barings BDC’s previous quarterly dividend of $0.20. Barings BDC’s dividend payout ratio is presently 131.25%.

A number of research firms have issued reports on BBDC. Bank of America upgraded shares of Barings BDC from an “underperform” rating to a “buy” rating and set a $11.25 price target for the company in a report on Friday, June 25th. Zacks Investment Research lowered shares of Barings BDC from a “buy” rating to a “hold” rating in a research note on Thursday, September 9th. Wells Fargo & Company reissued an “outperform” rating and issued a $13.00 price objective on shares of Barings BDC in a research note on Wednesday, June 23rd. Jefferies Financial Group reissued a “buy” rating on shares of Barings BDC in a research note on Friday, June 18th. Finally, TheStreet raised shares of Barings BDC from a “c” rating to a “b-” rating in a research report on Friday, August 20th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $11.81.

Barings BDC Company Profile

Barings BDC, Inc engages in the provision of customized financing primarily to lower middle market companies. Its investment objective is to seek returns by generating current income from our debt investments, and capital appreciation from our equity-related investments. Its portfolio includes Aden and Anais, AGM Automotive, All Metals, American Silk, Avantor Performance Materials, and others.

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