Short Interest in Barings Bdc, Inc. (NYSE:BBDC) Increases By 34.7%

Barings Bdc, Inc. (NYSE:BBDC) was the target of a large increase in short interest in the month of December. As of December 15th, there was short interest totaling 857,731 shares, an increase of 34.7% from the November 30th total of 636,644 shares. Based on an average trading volume of 869,367 shares, the short-interest ratio is presently 1.0 days. Currently, 0.8% of the company’s shares are short sold. Currently, 0.8% of the company’s shares are short sold. Based on an average trading volume of 869,367 shares, the short-interest ratio is presently 1.0 days.

Barings Bdc Trading Up 0.6%

NYSE BBDC traded up $0.06 during trading hours on Tuesday, reaching $9.07. The company had a trading volume of 677,031 shares, compared to its average volume of 832,052. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $953.28 million, a P/E ratio of 9.35 and a beta of 0.62. The stock has a 50-day moving average of $8.93 and a 200 day moving average of $9.13. Barings Bdc has a 1-year low of $7.66 and a 1-year high of $10.85.

Barings Bdc (NYSE:BBDC) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.05. The business had revenue of $72.40 million during the quarter, compared to analysts’ expectations of $69.71 million. Barings Bdc had a net margin of 36.01% and a return on equity of 10.11%. During the same period last year, the business earned $0.29 earnings per share. As a group, research analysts anticipate that Barings Bdc will post 1.13 earnings per share for the current fiscal year.

Barings Bdc Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Wednesday, December 3rd were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 11.5%. The ex-dividend date was Wednesday, December 3rd. Barings Bdc’s dividend payout ratio (DPR) is 107.22%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on BBDC shares. Keefe, Bruyette & Woods dropped their price objective on shares of 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 dropped their price target on shares of Barings Bdc from $10.00 to $9.50 and set an “overweight” rating for the company in a research note on Monday, November 10th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Barings Bdc in a research report on Monday. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Barings Bdc presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.67.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of BBDC. Kingstone Capital Partners Texas LLC raised its holdings in shares of Barings Bdc by 293,218.8% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 43,616,506 shares of the company’s stock valued at $413,770,000 after buying an additional 43,601,636 shares during the period. Ares Management LLC grew its position in Barings Bdc by 5.3% in the 2nd quarter. Ares Management LLC now owns 3,797,112 shares of the company’s stock valued at $34,706,000 after acquiring an additional 190,016 shares in the last quarter. Private Management Group Inc. increased its stake in Barings Bdc by 4.1% during the third quarter. Private Management Group Inc. now owns 3,284,457 shares of the company’s stock worth $28,772,000 after purchasing an additional 128,200 shares during the period. Van ECK Associates Corp increased its stake in Barings Bdc by 5.8% during the third quarter. Van ECK Associates Corp now owns 2,479,942 shares of the company’s stock worth $21,725,000 after purchasing an additional 136,541 shares during the period. Finally, Cresset Asset Management LLC lifted its position in shares of Barings Bdc by 36.3% during the third quarter. Cresset Asset Management LLC now owns 2,141,977 shares of the company’s stock worth $18,764,000 after purchasing an additional 570,637 shares in the last quarter. 44.09% of the stock is currently owned by hedge funds and other institutional investors.

Barings Bdc Company Profile

Barings BDC Inc (NYSE: BBDC) is a closed-end, externally managed business development company that provides flexible financing solutions to middle-market companies. As an investment vehicle organized under the Investment Company Act of 1940, BBDC seeks to generate both current income and capital appreciation by investing primarily in senior secured loans, second lien loans, mezzanine debt and equity co-investments. The company targets established businesses across a diverse range of industries, including healthcare, industrials, consumer products and business services.

The company is sponsored and managed by Barings LLC, a global investment manager and subsidiary of Massachusetts Mutual Life Insurance Company (MassMutual).