Barings BDC, Inc. (NYSE:BBDC – Get Free Report) was the target of a significant drop in short interest during the month of September. As of September 30th, there was short interest totalling 801,400 shares, a drop of 6.9% from the September 15th total of 860,400 shares. Based on an average daily trading volume, of 389,800 shares, the short-interest ratio is currently 2.1 days.
Analyst Ratings Changes
Separately, Wells Fargo & Company boosted their price objective on Barings BDC from $9.00 to $9.50 and gave the company an “equal weight” rating in a research note on Friday, July 26th.
Get Our Latest Report on Barings BDC
Institutional Investors Weigh In On Barings BDC
Barings BDC Stock Down 0.3 %
NYSE:BBDC traded down $0.03 on Friday, hitting $9.75. The stock had a trading volume of 31,729 shares, compared to its average volume of 430,962. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.29. Barings BDC has a 52 week low of $8.55 and a 52 week high of $10.27. The business’s fifty day moving average is $9.87 and its 200 day moving average is $9.76. The company has a market cap of $1.03 billion, a PE ratio of 7.95 and a beta of 0.67.
Barings BDC (NYSE:BBDC – Get Free Report) last posted its earnings results on Wednesday, August 7th. The company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.30 by $0.10. Barings BDC had a net margin of 38.32% and a return on equity of 11.49%. The company had revenue of $74.89 million during the quarter, compared to the consensus estimate of $70.75 million. During the same period in the previous year, the firm posted $0.31 earnings per share. On average, equities research analysts expect that Barings BDC will post 1.28 EPS for the current fiscal year.
Barings BDC Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Wednesday, September 4th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 10.67%. The ex-dividend date of this dividend was Wednesday, September 4th. Barings BDC’s dividend payout ratio (DPR) is presently 84.55%.
About Barings BDC
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.
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