Barings BDC (NYSE:BBDC) Sets New 1-Year Low - What's Next?

Barings BDC, Inc. (NYSE:BBDC - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Friday . The company traded as low as $8.95 and last traded at $9.33, with a volume of 1010948 shares traded. The stock had previously closed at $9.36.

Barings BDC Stock Down 0.2 %

The business has a 50 day moving average of $9.93 and a 200-day moving average of $9.84. The stock has a market cap of $989.26 million, a PE ratio of 9.02 and a beta of 0.66. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.37.

Barings BDC (NYSE:BBDC - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.29 by ($0.01). The firm had revenue of $70.63 million for the quarter, compared to analysts' expectations of $69.35 million. Barings BDC had a return on equity of 10.94% and a net margin of 38.54%. Equities research analysts predict that Barings BDC, Inc. will post 1.13 EPS for the current fiscal year.

Barings BDC Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, March 5th were paid a $0.26 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $1.04 annualized dividend and a yield of 11.08%. Barings BDC's dividend payout ratio is currently 100.00%.

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Institutional Trading of Barings BDC

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Steward Partners Investment Advisory LLC lifted its position in Barings BDC by 4.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 39,478 shares of the company's stock valued at $378,000 after purchasing an additional 1,565 shares during the period. Truist Financial Corp purchased a new stake in shares of Barings BDC in the fourth quarter valued at approximately $112,000. Franklin Resources Inc. grew its holdings in Barings BDC by 38.9% during the third quarter. Franklin Resources Inc. now owns 322,954 shares of the company's stock worth $3,136,000 after acquiring an additional 90,390 shares during the period. Private Management Group Inc. grew its holdings in Barings BDC by 2.8% during the fourth quarter. Private Management Group Inc. now owns 3,084,236 shares of the company's stock worth $29,516,000 after acquiring an additional 83,408 shares during the period. Finally, Kingswood Wealth Advisors LLC acquired a new position in Barings BDC during the fourth quarter worth $314,000. Hedge funds and other 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.