Barings BDC (NYSE:BBDC) Shares Gap Down to $9.68

Barings BDC, Inc. (NYSE:BBDCGet Rating)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $9.68, but opened at $9.29. Barings BDC shares last traded at $9.58, with a volume of 3,440 shares trading hands.

A number of equities analysts have recently issued reports on the stock. TheStreet upgraded shares of Barings BDC from a “c” rating to a “b” rating in a research report on Wednesday, May 25th. Wells Fargo & Company lowered their target price on shares of Barings BDC from $13.00 to $12.50 and set an “overweight” rating on the stock in a research report on Monday, April 25th. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Barings BDC currently has an average rating of “Buy” and a consensus price target of $12.06.

The company has a debt-to-equity ratio of 0.57, a current ratio of 0.27 and a quick ratio of 0.27. The firm has a market capitalization of $1.07 billion, a PE ratio of 8.80 and a beta of 0.57. The business’s 50-day moving average price is $10.33 and its 200-day moving average price is $10.61.

Barings BDC (NYSE:BBDCGet Rating) last issued its quarterly earnings results on Friday, May 6th. The company reported $0.23 earnings per share for the quarter, hitting the consensus estimate of $0.23. Barings BDC had a return on equity of 7.17% and a net margin of 51.33%. During the same quarter in the prior year, the firm earned $0.22 earnings per share. Equities analysts forecast that Barings BDC, Inc. will post 0.96 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 15th. Investors of record on Wednesday, June 8th will be issued a dividend of $0.24 per share. The ex-dividend date is Tuesday, June 7th. This is an increase from Barings BDC’s previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a dividend yield of 9.98%. Barings BDC’s dividend payout ratio (DPR) is currently 87.27%.

In related news, Director Stephen R. Byers purchased 16,035 shares of the firm’s stock in a transaction that occurred on Monday, May 9th. The stock was purchased at an average cost of $10.25 per share, with a total value of $164,358.75. Following the completion of the acquisition, the director now directly owns 16,035 shares in the company, valued at $164,358.75. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 0.43% of the stock is owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the business. Lake Point Wealth Management lifted its holdings in Barings BDC by 3,008.0% in the first quarter. Lake Point Wealth Management now owns 3,108 shares of the company’s stock valued at $32,000 after acquiring an additional 3,008 shares during the period. Carolina Wealth Advisors LLC acquired a new position in shares of Barings BDC during the 1st quarter worth $33,000. Lenox Wealth Advisors LLC acquired a new position in shares of Barings BDC during the 4th quarter worth $35,000. Geneos Wealth Management Inc. raised its stake in shares of Barings BDC by 108.6% during the 4th quarter. Geneos Wealth Management Inc. now owns 3,457 shares of the company’s stock worth $38,000 after buying an additional 1,800 shares during the last quarter. Finally, Curi Wealth Management LLC acquired a new position in shares of Barings BDC during the 1st quarter worth $39,000. 66.03% of the stock is owned by institutional investors.

About Barings BDC (NYSE:BBDC)

Barings BDC, Inc (NYSE: BBDC) 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.

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