Barings BDC, Inc. (NYSE:BBDC) Sees Significant Decline in Short Interest

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. boosted its position in Barings BDC by 393.7% during the third quarter. JPMorgan Chase & Co. now owns 2,582 shares of the company’s stock valued at $25,000 after purchasing an additional 2,059 shares during the last quarter. Lee Danner & Bass Inc. acquired a new position in Barings BDC during the fourth quarter valued at approximately $25,000. Nomura Asset Management Co. Ltd. acquired a new position in Barings BDC during the third quarter valued at approximately $26,000. Ameriflex Group Inc. acquired a new position in Barings BDC during the fourth quarter valued at approximately $80,000. Finally, Entropy Technologies LP acquired a new position in Barings BDC during the fourth quarter valued at approximately $98,000. 44.09% of the stock is owned by institutional investors and hedge funds.

Barings BDC Trading Down 0.2 %

Shares of Barings BDC stock traded down $0.02 during trading hours 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. Barings BDC has a 12 month low of $8.95 and a 12 month high of $10.85. The stock has a 50 day moving average of $9.93 and a 200 day moving average of $9.84. The company has a market capitalization of $989.26 million, a PE ratio of 9.02 and a beta of 0.66. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.14 and a quick ratio of 0.14.

Barings BDC (NYSE:BBDC) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.01). The firm had revenue of $70.63 million for the quarter, compared to analyst estimates of $69.35 million. Barings BDC had a return on equity of 10.94% and a net margin of 38.54%. Analysts predict that Barings BDC will post 1.13 earnings per share for the current 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. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $1.04 annualized dividend and a dividend yield of 11.08%. Barings BDC’s dividend payout ratio is currently 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.