Barings BDC, Inc. (NYSE:BBDC – Get Free Report) was the recipient of a significant decline in short interest during the month of January. As of January 31st, there was short interest totalling 795,600 shares, a decline of 22.8% from the January 15th total of 1,030,000 shares. Based on an average daily volume of 505,800 shares, the days-to-cover ratio is currently 1.6 days.
Hedge Funds Weigh In On Barings BDC
A number of hedge funds have recently made changes to their positions in BBDC. Point72 Hong Kong Ltd purchased a new stake in Barings BDC during the second quarter valued at approximately $28,000. Tyler Stone Wealth Management bought a new stake in Barings BDC during the 2nd quarter valued at $30,000. Lake Point Wealth Management lifted its holdings in shares of Barings BDC by 3,008.0% during the 1st quarter. Lake Point Wealth Management now owns 3,108 shares of the company’s stock valued at $32,000 after purchasing an additional 3,008 shares during the last quarter. Advisory Services Network LLC lifted its holdings in shares of Barings BDC by 140.9% during the 1st quarter. Advisory Services Network LLC now owns 4,586 shares of the company’s stock valued at $36,000 after purchasing an additional 2,682 shares during the last quarter. Finally, Bartlett & Co. LLC purchased a new position in Barings BDC in the 4th quarter worth $43,000. Institutional investors own 49.03% of the company’s stock.
Barings BDC Stock Performance
NYSE:BBDC opened at $8.91 on Tuesday. The stock has a 50-day simple moving average of $8.83 and a two-hundred day simple moving average of $8.89. Barings BDC has a 52-week low of $6.96 and a 52-week high of $9.47. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.14 and a current ratio of 0.14. The firm has a market capitalization of $949.09 million, a PE ratio of 9.90 and a beta of 0.62.
Analyst Ratings Changes
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.
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