Barings BDC (NYSE:BBDC) Sets New 52-Week High - Here's What Happened

Shares of Barings BDC, Inc. (NYSE:BBDC - Get Free Report) reached a new 52-week high during trading on Tuesday . The stock traded as high as $10.38 and last traded at $10.35, with a volume of 209371 shares trading hands. The stock had previously closed at $10.23.

Barings BDC Stock Up 2.8 %

The firm has a market cap of $1.14 billion, a P/E ratio of 10.00 and a beta of 0.69. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.11 and a quick ratio of 0.11. The company's 50-day simple moving average is $9.81 and its 200 day simple moving average is $9.85.

Barings BDC (NYSE:BBDC - Get Free Report) last posted its quarterly earnings data 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 return on equity of 11.24% and a net margin of 39.59%. The firm had revenue of $70.63 million for the quarter, compared to analysts' expectations of $69.35 million. Research analysts anticipate that Barings BDC, Inc. will post 1.24 EPS for the current fiscal year.

Barings BDC Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, March 5th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $1.04 annualized dividend and a yield of 9.63%. Barings BDC's payout ratio is 96.30%.

Insiders Place Their Bets

In other Barings BDC news, insider Michael James O'connor sold 29,424 shares of the firm's stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $9.70, for a total value of $285,412.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Stephen R. Byers purchased 8,485 shares of the business's stock in a transaction dated Friday, December 13th. The stock was bought at an average price of $9.73 per share, for a total transaction of $82,559.05. Following the completion of the acquisition, the director now owns 50,001 shares of the company's stock, valued at approximately $486,509.73. The trade was a 20.44 % increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 14,048 shares of company stock valued at $136,772 over the last 90 days. Insiders own 0.45% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in BBDC. Cresset Asset Management LLC bought a new position in shares of Barings BDC in the fourth quarter worth about $16,542,000. Kovitz Investment Group Partners LLC bought a new stake in Barings BDC during the 3rd quarter valued at $10,549,000. Raymond James Financial Inc. bought a new stake in Barings BDC during the 4th quarter valued at $8,891,000. Harbor Capital Advisors Inc. raised its position in Barings BDC by 148.6% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 740,559 shares of the company's stock valued at $7,257,000 after purchasing an additional 442,621 shares in the last quarter. Finally, Wells Fargo & Company MN raised its position in Barings BDC by 85.4% during the 4th quarter. Wells Fargo & Company MN now owns 705,628 shares of the company's stock valued at $6,753,000 after purchasing an additional 324,945 shares in the last quarter. 44.09% of the stock is currently owned by institutional investors.

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.