Barings BDC (NYSE:BBDC) Reaches New 1-Year High - Time to Buy?

Barings BDC, Inc. (NYSE:BBDC - Get Free Report)'s stock price hit a new 52-week high on Tuesday . The company traded as high as $10.39 and last traded at $10.06, with a volume of 147 shares changing hands. The stock had previously closed at $10.08.

Barings BDC Trading Down 0.1 %

The company has a market cap of $1.07 billion, a price-to-earnings ratio of 9.35 and a beta of 0.69. The firm's fifty day moving average price is $9.73 and its 200-day moving average price is $9.82. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.11 and a quick ratio of 0.11.

Barings BDC (NYSE:BBDC - Get Free Report) last announced its earnings results on Wednesday, November 6th. The company reported $0.29 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.30 by ($0.01). Barings BDC had a net margin of 39.59% and a return on equity of 11.24%. The company had revenue of $70.85 million during the quarter, compared to the consensus estimate of $70.48 million. During the same quarter in the prior year, the company earned $0.31 EPS. On average, equities analysts expect that Barings BDC, Inc. will post 1.24 EPS for the current fiscal year.

Insider Activity at Barings BDC

In other news, insider Michael James O'connor sold 29,424 shares of the business's stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $9.70, for a total transaction of $285,412.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Stephen R. Byers purchased 8,485 shares of the company's stock in a transaction that occurred on Friday, December 13th. The stock was bought at an average cost of $9.73 per share, for a total transaction of $82,559.05. Following the purchase, the director now directly owns 50,001 shares in the company, valued at $486,509.73. This represents a 20.44 % increase in their position. The disclosure for this purchase can be found here. Insiders bought 14,048 shares of company stock valued at $136,772 over the last 90 days. 0.45% of the stock is currently owned by corporate insiders.

Institutional Trading of Barings BDC

A number of hedge funds have recently made changes to their positions in BBDC. JPMorgan Chase & Co. lifted its stake in Barings BDC by 393.7% in the third quarter. JPMorgan Chase & Co. now owns 2,582 shares of the company's stock valued at $25,000 after acquiring an additional 2,059 shares during the last quarter. Nomura Asset Management Co. Ltd. bought a new position in shares of Barings BDC during the 3rd quarter valued at $26,000. nVerses Capital LLC lifted its stake in shares of Barings BDC by 50.0% in the 3rd quarter. nVerses Capital LLC now owns 3,300 shares of the company's stock valued at $32,000 after purchasing an additional 1,100 shares during the last quarter. Entropy Technologies LP bought a new stake in Barings BDC in the fourth quarter worth $98,000. Finally, Centaurus Financial Inc. acquired a new position in Barings BDC during the third quarter worth $99,000. 44.09% of the stock is owned by hedge funds and other 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.