Barings BDC, Inc. (NYSE:BBDC) Sees Significant Drop in Short Interest

Barings BDC, Inc. (NYSE:BBDC - Get Free Report) saw a large decrease in short interest in the month of February. As of February 28th, there was short interest totalling 567,000 shares, a decrease of 17.6% from the February 13th total of 688,500 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average trading volume of 536,900 shares, the short-interest ratio is presently 1.1 days.

Institutional Investors Weigh In On Barings BDC

A number of large investors have recently made changes to their positions in the company. Private Management Group Inc. raised its holdings in shares of Barings BDC by 2.8% during the fourth quarter. Private Management Group Inc. now owns 3,084,236 shares of the company's stock valued at $29,516,000 after acquiring an additional 83,408 shares during the period. Van ECK Associates Corp raised its holdings in shares of Barings BDC by 3.5% during the fourth quarter. Van ECK Associates Corp now owns 2,347,891 shares of the company's stock valued at $22,470,000 after acquiring an additional 79,994 shares during the period. Cresset Asset Management LLC acquired a new stake in shares of Barings BDC during the fourth quarter valued at approximately $16,542,000. Kovitz Investment Group Partners LLC acquired a new stake in shares of Barings BDC during the third quarter valued at approximately $10,549,000. Finally, Raymond James Financial Inc. acquired a new position in Barings BDC in the 4th quarter valued at approximately $8,891,000. Institutional investors and hedge funds own 44.09% of the company's stock.

Barings BDC Price Performance

Shares of NYSE:BBDC traded down $0.07 during trading on Friday, reaching $9.57. The company had a trading volume of 459,800 shares, compared to its average volume of 433,984. Barings BDC has a twelve month low of $8.95 and a twelve month high of $10.85. The firm has a market capitalization of $1.01 billion, a PE ratio of 9.20 and a beta of 0.66. The firm's fifty day moving average is $9.94 and its 200 day moving average is $9.83. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.14 and a current ratio of 0.14.

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Barings BDC (NYSE:BBDC - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.01). Barings BDC had a net margin of 38.54% and a return on equity of 10.94%. The business had revenue of $70.63 million for the quarter, compared to analyst estimates of $69.35 million. On average, equities analysts forecast that Barings BDC will post 1.13 EPS for the current year.

Barings BDC Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, March 5th were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 10.87%. Barings BDC's dividend payout ratio is currently 100.00%.

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.