Barings BDC (NYSE:BBDC) Shares Gap Down to $10.08

Shares of Barings BDC, Inc. (NYSE:BBDC - Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $10.08, but opened at $9.78. Barings BDC shares last traded at $9.76, with a volume of 109,744 shares.

Analysts Set New Price Targets

BBDC has been the subject of several recent research reports. Keefe, Bruyette & Woods raised their price objective on Barings BDC from $10.00 to $10.50 and gave the company a "market perform" rating in a research report on Thursday, May 23rd. Wells Fargo & Company raised their price objective on Barings BDC from $9.00 to $9.50 and gave the company an "equal weight" rating in a research report on Friday, July 26th.

Barings BDC Price Performance

The company has a debt-to-equity ratio of 0.29, a current ratio of 0.12 and a quick ratio of 0.12. The firm has a market cap of $1.04 billion, a PE ratio of 7.96 and a beta of 0.67. The firm has a 50-day simple moving average of $9.95 and a 200 day simple moving average of $9.67.

Barings BDC (NYSE:BBDC - Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.30 by $0.10. Barings BDC had a return on equity of 11.49% and a net margin of 38.32%. The business had revenue of $74.89 million during the quarter, compared to analyst estimates of $70.75 million. During the same quarter last year, the firm posted $0.31 earnings per share. As a group, equities analysts expect that Barings BDC, Inc. will post 1.28 EPS for the current year.

Barings BDC Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 11th. Stockholders of record on Wednesday, September 4th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, September 4th. This represents a $1.04 annualized dividend and a dividend yield of 10.62%. Barings BDC's payout ratio is presently 84.55%.

Hedge Funds Weigh In On Barings BDC

Several institutional investors and hedge funds have recently modified their holdings of BBDC. Asset Dedication LLC bought a new stake in Barings BDC in the 2nd quarter worth about $36,000. Mather Group LLC. bought a new stake in Barings BDC in the 1st quarter worth about $43,000. Pineridge Advisors LLC bought a new stake in Barings BDC in the 4th quarter worth about $53,000. Tucker Asset Management LLC bought a new stake in Barings BDC in the 4th quarter worth about $80,000. Finally, EntryPoint Capital LLC increased its holdings in Barings BDC by 121.0% in the 1st quarter. EntryPoint Capital LLC now owns 9,141 shares of the company's stock worth $85,000 after buying an additional 5,005 shares in the last quarter. 44.09% of the stock is currently owned by institutional investors.

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.