Barings BDC (NYSE:BBDC) Sets New 12-Month Low - What's Next?

Barings BDC, Inc. (NYSE:BBDC - Get Free Report) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $8.62 and last traded at $8.80, with a volume of 471067 shares. The stock had previously closed at $9.29.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods cut their price objective on shares of Barings BDC from $10.50 to $9.50 and set a "market perform" rating on the stock in a research report on Tuesday.

Barings BDC Stock Performance

The company's 50-day simple moving average is $9.77 and its 200-day simple moving average is $9.76. The stock has a market cap of $892.81 million, a price-to-earnings ratio of 8.14 and a beta of 0.56. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.37.

Barings BDC (NYSE:BBDC - Get Free Report) last issued its quarterly earnings data 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). Barings BDC had a return on equity of 10.94% and a net margin of 38.54%. The business had revenue of $70.63 million during the quarter, compared to the consensus estimate of $69.35 million. Analysts predict that Barings BDC, Inc. will post 1.13 EPS for the current fiscal year.

Barings BDC Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, March 5th were paid 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 yield of 12.28%. Barings BDC's dividend payout ratio is currently 100.00%.

Institutional Trading of Barings BDC

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Cetera Investment Advisers raised its position in shares of Barings BDC by 1.3% during the 4th quarter. Cetera Investment Advisers now owns 74,839 shares of the company's stock valued at $716,000 after acquiring an additional 993 shares during the last quarter. Stifel Financial Corp lifted its stake in Barings BDC by 1.6% in the third quarter. Stifel Financial Corp now owns 64,110 shares of the company's stock valued at $628,000 after buying an additional 1,017 shares during the period. Koshinski Asset Management Inc. boosted its holdings in Barings BDC by 2.8% during the fourth quarter. Koshinski Asset Management Inc. now owns 47,158 shares of the company's stock worth $451,000 after buying an additional 1,282 shares during the last quarter. Wedbush Securities Inc. grew its position in shares of Barings BDC by 5.1% during the 4th quarter. Wedbush Securities Inc. now owns 31,471 shares of the company's stock worth $301,000 after buying an additional 1,530 shares during the period. Finally, Steward Partners Investment Advisory LLC increased its stake in shares of Barings BDC by 4.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 39,478 shares of the company's stock valued at $378,000 after acquiring an additional 1,565 shares during the last quarter. 44.09% of the stock is currently owned by institutional investors and hedge funds.

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.