Barings Bdc (NYSE:BBDC) Shares Gap Down – Here’s Why

Barings Bdc, Inc. (NYSE:BBDC) gapped down before the market opened on Wednesday . The stock had previously closed at $8.97, but opened at $8.69. Barings Bdc shares last traded at $8.6850, with a volume of 308,491 shares.

Wall Street Analyst Weigh In

A number of research firms have recently commented on BBDC. Keefe, Bruyette & Woods lowered their price target on Barings Bdc from $10.00 to $9.50 and set a “market perform” rating for the company in a report on Monday, November 10th. Wells Fargo & Company cut their target price on Barings Bdc from $10.00 to $9.50 and set an “overweight” rating on the stock in a report on Monday, November 10th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Barings Bdc in a research note on Monday. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $9.67.

Barings Bdc Stock Up 0.9%

The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.30. The firm has a 50 day moving average of $8.83 and a 200 day moving average of $9.16. The firm has a market cap of $931.19 million, a price-to-earnings ratio of 9.13 and a beta of 0.62.

Barings Bdc (NYSE:BBDC) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.27 by $0.05. Barings Bdc had a net margin of 36.01% and a return on equity of 10.11%. The company had revenue of $72.40 million during the quarter, compared to the consensus estimate of $69.71 million. During the same quarter last year, the firm posted $0.29 EPS. As a group, sell-side analysts predict that Barings Bdc, Inc. will post 1.13 earnings per share for the current year.

Barings Bdc Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Wednesday, December 3rd will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 11.7%. The ex-dividend date is Wednesday, December 3rd. Barings Bdc’s dividend payout ratio (DPR) is currently 107.22%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Wealth Preservation Advisors LLC bought a new stake in shares of Barings Bdc during the first quarter worth about $29,000. State of Alaska Department of Revenue purchased a new position in shares of Barings Bdc during the third quarter valued at approximately $38,000. Mather Group LLC. bought a new stake in Barings Bdc during the third quarter worth $44,000. BNP Paribas Financial Markets purchased a new stake in Barings Bdc in the 3rd quarter valued at $44,000. Finally, Aquatic Capital Management LLC purchased a new stake in shares of Barings Bdc in the third quarter valued at about $64,000. 44.09% of the stock is owned by institutional investors.

About Barings Bdc

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.