Barings BDC, Inc. (NYSE:BBDC) Short Interest Down 17.6% in February

Barings BDC, Inc. (NYSE:BBDC) saw a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 567,000 shares, a decline of 17.6% from the February 13th total of 688,500 shares. Approximately 0.5% of the shares of the company are short sold. Based on an average daily trading volume, of 536,900 shares, the short-interest ratio is currently 1.1 days.

Institutional Trading of Barings BDC

A number of institutional investors and hedge funds have recently modified their holdings of BBDC. Sigma Planning Corp boosted its stake in Barings BDC by 25.3% in the 3rd quarter. Sigma Planning Corp now owns 15,509 shares of the company’s stock valued at $152,000 after buying an additional 3,127 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in shares of Barings BDC by 38.9% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 252,518 shares of the company’s stock worth $2,475,000 after acquiring an additional 70,722 shares during the last quarter. Advisors Asset Management Inc. raised its position in shares of Barings BDC by 8.1% during the third quarter. Advisors Asset Management Inc. now owns 350,659 shares of the company’s stock worth $3,436,000 after acquiring an additional 26,420 shares during the last quarter. Centaurus Financial Inc. bought a new stake in Barings BDC in the third quarter valued at about $99,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Barings BDC in the third quarter valued at about $236,000. 44.09% of the stock is currently owned by institutional investors.

Barings BDC Stock Performance

NYSE BBDC traded down $0.02 during trading on Tuesday, hitting $9.39. The company’s stock had a trading volume of 382,725 shares, compared to its average volume of 437,952. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.37. The firm has a 50 day moving average price of $9.93 and a 200 day moving average price of $9.84. The firm has a market cap of $989.26 million, a P/E ratio of 9.02 and a beta of 0.66. Barings BDC has a 52 week low of $8.95 and a 52 week high of $10.85.

Barings BDC (NYSE:BBDC) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.01). The business had revenue of $70.63 million during the quarter, compared to the consensus estimate of $69.35 million. Barings BDC had a return on equity of 10.94% and a net margin of 38.54%. Equities research analysts forecast that Barings BDC will post 1.13 earnings per share for the current fiscal year.

Barings BDC Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, March 5th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 11.08%. The ex-dividend date of this dividend was Wednesday, March 5th. Barings BDC’s dividend payout ratio is presently 100.00%.

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.