Barings BDC (NYSE:BBDC) Hits New 12-Month Low – Here’s Why

Barings BDC, Inc. (NYSE:BBDC)’s share price reached a new 52-week low during trading on Thursday . The company traded as low as $7.66 and last traded at $8.47, with a volume of 1069588 shares traded. The stock had previously closed at $7.89.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods lowered their target price on shares of Barings BDC from $10.50 to $9.50 and set a “market perform” rating for the company in a research note on Tuesday.

Barings BDC Stock Up 1.5 %

The company has a debt-to-equity ratio of 0.37, a current ratio of 0.14 and a quick ratio of 0.14. The stock’s fifty day simple moving average is $9.63 and its 200-day simple moving average is $9.72. The stock has a market cap of $884.91 million, a P/E ratio of 8.07 and a beta of 0.56.

Barings BDC (NYSE:BBDC) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.01). The company had revenue of $70.63 million during the quarter, compared to the consensus estimate of $69.35 million. Barings BDC had a return on equity of 10.94% and a net margin of 38.54%. On average, research analysts anticipate that Barings BDC, Inc. will post 1.13 earnings per share for the current year.

Barings BDC Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, March 5th were given a dividend of $0.26 per share. The ex-dividend date was Wednesday, March 5th. This represents a $1.04 annualized dividend and a dividend yield of 12.39%. Barings BDC’s dividend payout ratio is currently 100.00%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Confluence Investment Management LLC raised its stake in Barings BDC by 0.4% during the 1st quarter. Confluence Investment Management LLC now owns 519,779 shares of the company’s stock valued at $4,959,000 after acquiring an additional 2,026 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of Barings BDC by 10.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 81,649 shares of the company’s stock valued at $781,000 after purchasing an additional 8,016 shares in the last quarter. Ameriflex Group Inc. acquired a new stake in Barings BDC in the fourth quarter worth about $80,000. Kingstone Capital Partners Texas LLC acquired a new stake in Barings BDC in the fourth quarter worth about $135,000. Finally, ProShare Advisors LLC grew its position in Barings BDC by 15.1% in the 4th quarter. ProShare Advisors LLC now owns 17,809 shares of the company’s stock valued at $170,000 after buying an additional 2,333 shares in the last quarter. Institutional investors own 44.09% of the company’s stock.

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.