Barings BDC (NYSE:BBDC) Reaches New 1-Year High – Still a Buy?

Barings BDC, Inc. (NYSE:BBDC) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $10.27 and last traded at $10.21, with a volume of 144584 shares changing hands. The stock had previously closed at $10.20.

Barings BDC Stock Up 0.4 %

The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.11 and a current ratio of 0.11. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of 9.48 and a beta of 0.67. The business’s 50 day moving average is $9.82 and its 200 day moving average is $9.86.

Barings BDC (NYSE:BBDC) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). Barings BDC had a net margin of 39.59% and a return on equity of 11.24%. The company had revenue of $70.85 million for the quarter, compared to analysts’ expectations of $70.48 million. During the same period last year, the firm earned $0.31 earnings per share. Sell-side analysts anticipate that Barings BDC, Inc. will post 1.24 earnings per share for the current year.

Barings BDC Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Wednesday, December 4th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 10.15%. The ex-dividend date is Wednesday, December 4th. Barings BDC’s payout ratio is 96.30%.

Institutional Investors Weigh In On Barings BDC

A number of large investors have recently bought and sold shares of BBDC. Harbor Capital Advisors Inc. lifted its stake in Barings BDC by 273.4% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 297,938 shares of the company’s stock valued at $2,899,000 after acquiring an additional 218,146 shares during the period. Muzinich & Co. Inc. raised its holdings in shares of Barings BDC by 38.9% during the third quarter. Muzinich & Co. Inc. now owns 252,518 shares of the company’s stock worth $2,475,000 after purchasing an additional 70,722 shares during the last quarter. Van ECK Associates Corp lifted its position in Barings BDC by 17.7% during the second quarter. Van ECK Associates Corp now owns 2,138,487 shares of the company’s stock valued at $20,808,000 after purchasing an additional 321,638 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new stake in Barings BDC in the second quarter valued at $731,000. Finally, Commonwealth Equity Services LLC grew its position in Barings BDC by 3.0% during the 2nd quarter. Commonwealth Equity Services LLC now owns 49,800 shares of the company’s stock worth $485,000 after purchasing an additional 1,468 shares during the period. Hedge funds and other institutional investors own 44.09% of the company’s stock.

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.