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

Barings BDC, Inc. (NYSE:BBDC) was the target of a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 567,000 shares, a decline of 17.6% from the February 13th total of 688,500 shares. Approximately 0.5% of the company’s shares are sold short. Based on an average daily volume of 536,900 shares, the short-interest ratio is currently 1.1 days.

Barings BDC Trading Up 0.8 %

Shares of NYSE:BBDC traded up $0.08 during midday trading on Thursday, reaching $9.59. The company’s stock had a trading volume of 15,605 shares, compared to its average volume of 435,478. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of 9.20 and a beta of 0.66. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.37. Barings BDC has a 1 year low of $8.95 and a 1 year high of $10.85. The business has a 50 day moving average price of $9.93 and a 200 day moving average price of $9.83.

Barings BDC (NYSE:BBDC) last issued its earnings results on Thursday, February 20th. The company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.01). The firm had revenue of $70.63 million during the quarter, compared to analyst estimates of $69.35 million. Barings BDC had a net margin of 38.54% and a return on equity of 10.94%. Research analysts forecast that Barings BDC will post 1.13 EPS for the current year.

Barings BDC Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, March 5th were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 10.84%. The ex-dividend date of this dividend was Wednesday, March 5th. Barings BDC’s dividend payout ratio (DPR) is 100.00%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BBDC. Sigma Planning Corp lifted its stake in shares of Barings BDC by 25.3% in the third quarter. Sigma Planning Corp now owns 15,509 shares of the company’s stock worth $152,000 after acquiring an additional 3,127 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its holdings in Barings BDC by 38.9% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 252,518 shares of the company’s stock valued at $2,475,000 after buying an additional 70,722 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in Barings BDC by 8.1% in the third quarter. Advisors Asset Management Inc. now owns 350,659 shares of the company’s stock valued at $3,436,000 after buying an additional 26,420 shares during the last quarter. Centaurus Financial Inc. bought a new stake in Barings BDC in the third quarter valued at about $99,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Barings BDC in the third quarter valued at about $236,000. Institutional investors and hedge funds 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.