Barings BDC, Inc. (NYSE:BBDC) Short Interest Update

Barings BDC, Inc. (NYSE:BBDC) was the recipient of a large increase in short interest in November. As of November 30th, there was short interest totalling 589,400 shares, an increase of 5.5% from the November 15th total of 558,800 shares. Based on an average daily trading volume, of 380,800 shares, the days-to-cover ratio is presently 1.5 days.

Barings BDC Trading Down 0.7 %

Shares of BBDC opened at $9.49 on Wednesday. Barings BDC has a twelve month low of $8.55 and a twelve month high of $10.38. The stock has a market cap of $1.00 billion, a PE ratio of 8.80 and a beta of 0.68. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.29. The business’s 50-day moving average price is $9.85 and its 200-day moving average price is $9.87.

Barings BDC (NYSE:BBDC) last posted its earnings results on Wednesday, November 6th. The company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.01). The business had revenue of $70.85 million for the quarter, compared to analysts’ expectations of $70.48 million. Barings BDC had a return on equity of 11.24% and a net margin of 39.59%. During the same quarter in the previous year, the firm earned $0.31 earnings per share. On average, equities analysts forecast that Barings BDC will post 1.24 EPS for the current fiscal year.

Barings BDC Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Wednesday, December 4th were paid a $0.26 dividend. The ex-dividend date of this dividend was Wednesday, December 4th. This represents a $1.04 dividend on an annualized basis and a yield of 10.96%. Barings BDC’s dividend payout ratio is presently 96.30%.

Insiders Place Their Bets

In other news, insider Michael James O’connor sold 29,424 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $9.70, for a total transaction of $285,412.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Stephen R. Byers acquired 8,485 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The stock was purchased at an average cost of $9.73 per share, with a total value of $82,559.05. Following the acquisition, the director now owns 50,001 shares in the company, valued at $486,509.73. The trade was a 20.44 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought a total of 14,048 shares of company stock valued at $136,772 in the last 90 days. 0.45% of the stock is currently owned by corporate insiders.

Institutional Trading of Barings BDC

Several institutional investors and hedge funds have recently made changes to their positions in BBDC. Franklin Resources Inc. boosted its stake in Barings BDC by 38.9% in the third quarter. Franklin Resources Inc. now owns 322,954 shares of the company’s stock worth $3,136,000 after buying an additional 90,390 shares in the last quarter. Nomura Asset Management Co. Ltd. purchased a new position in shares of Barings BDC in the third quarter worth about $26,000. MML Investors Services LLC bought a new stake in shares of Barings BDC in the 3rd quarter valued at about $99,000. Jane Street Group LLC bought a new position in Barings BDC during the 3rd quarter worth approximately $307,000. Finally, Kovitz Investment Group Partners LLC purchased a new position in Barings BDC in the 3rd quarter worth approximately $10,549,000. Hedge funds and other institutional investors 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.