Barings BDC (NYSE:BBDC) Sets New 52-Week High – Should You Buy?

Barings BDC, Inc. (NYSE:BBDC) shares reached 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. The stock had previously closed at $10.08.

Barings BDC Stock Up 0.0 %

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 has a market capitalization of $1.06 billion, a PE ratio of 9.34 and a beta of 0.69. The business’s 50 day simple moving average is $9.73 and its 200 day simple moving average is $9.82.

Barings BDC (NYSE:BBDC) last issued its earnings results on Wednesday, November 6th. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.01). The company had revenue of $70.85 million during the quarter, compared to analyst estimates of $70.48 million. Barings BDC had a net margin of 39.59% and a return on equity of 11.24%. During the same quarter in the previous year, the company posted $0.31 EPS. As a group, analysts anticipate that Barings BDC, Inc. will post 1.24 earnings per share for the current fiscal year.

Barings BDC Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Wednesday, December 4th were given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 10.31%. The ex-dividend date was Wednesday, December 4th. Barings BDC’s dividend payout ratio (DPR) is presently 96.30%.

Insiders Place Their Bets

In related news, insider Michael James O’connor sold 29,424 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $9.70, for a total value of $285,412.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stephen R. Byers bought 8,485 shares of Barings BDC stock in a transaction dated Friday, December 13th. The stock was acquired at an average price of $9.73 per share, with a total value of $82,559.05. Following the acquisition, the director now directly owns 50,001 shares of the company’s stock, valued at approximately $486,509.73. This represents a 20.44 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 14,048 shares of company stock worth $136,772 in the last three months. 0.45% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sigma Planning Corp boosted its position in Barings BDC by 15.2% during the fourth quarter. Sigma Planning Corp now owns 17,861 shares of the company’s stock valued at $171,000 after purchasing an additional 2,352 shares during the last quarter. Truist Financial Corp acquired a new position in shares of Barings BDC during the fourth quarter worth $112,000. Van ECK Associates Corp boosted its stake in shares of Barings BDC by 3.5% in the 4th quarter. Van ECK Associates Corp now owns 2,347,891 shares of the company’s stock valued at $22,470,000 after purchasing an additional 79,994 shares during the last quarter. Stephens Inc. AR lifted its stake in shares of Barings BDC by 11.2% in the 4th quarter. Stephens Inc. AR now owns 19,133 shares of the company’s stock valued at $183,000 after purchasing an additional 1,930 shares during the period. Finally, Entropy Technologies LP bought a new stake in Barings BDC in the 4th quarter valued at about $98,000. Institutional investors and hedge funds own 44.09% of the company’s stock.

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.