Barings Bdc, Inc. (NYSE:BBDC) Short Interest Update
by Renee Jackson · The Cerbat GemBarings Bdc, Inc. (NYSE:BBDC – Get Free Report) saw a large drop in short interest during the month of December. As of December 31st, there was short interest totaling 568,073 shares, a drop of 33.8% from the December 15th total of 857,731 shares. Based on an average trading volume of 869,707 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.5% of the shares of the company are short sold. Approximately 0.5% of the shares of the company are short sold. Based on an average trading volume of 869,707 shares, the days-to-cover ratio is currently 0.7 days.
Institutional Investors Weigh In On Barings Bdc
A number of institutional investors and hedge funds have recently made changes to their positions in the business. State of Alaska Department of Revenue bought a new position in Barings Bdc in the 3rd quarter worth about $38,000. Mather Group LLC. bought a new stake in shares of Barings Bdc during the 3rd quarter valued at about $44,000. BNP Paribas Financial Markets purchased a new position in shares of Barings Bdc during the third quarter worth about $44,000. Aquatic Capital Management LLC bought a new position in shares of Barings Bdc in the third quarter worth approximately $64,000. Finally, Golden State Wealth Management LLC raised its stake in Barings Bdc by 269.6% in the second quarter. Golden State Wealth Management LLC now owns 7,077 shares of the company’s stock valued at $65,000 after purchasing an additional 5,162 shares in the last quarter. Hedge funds and other institutional investors own 44.09% of the company’s stock.
Barings Bdc Price Performance
Shares of BBDC traded down $0.05 during midday trading on Friday, hitting $9.23. 445,096 shares of the company traded hands, compared to its average volume of 625,033. Barings Bdc has a one year low of $7.66 and a one year high of $10.85. The firm has a market cap of $970.63 million, a P/E ratio of 9.52 and a beta of 0.61. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.10 and a quick ratio of 0.10. The stock has a 50-day moving average of $8.98 and a 200-day moving average of $9.14.
Barings Bdc (NYSE:BBDC – Get Free Report) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.27 by $0.05. Barings Bdc had a net margin of 36.01% and a return on equity of 10.11%. The company had revenue of $72.40 million during the quarter, compared to analysts’ expectations of $69.71 million. During the same quarter in the previous year, the company earned $0.29 earnings per share. As a group, sell-side analysts predict that Barings Bdc will post 1.13 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on BBDC. Wells Fargo & Company cut their target price on shares of Barings Bdc from $10.00 to $9.50 and set an “overweight” rating for the company in a research report on Monday, November 10th. Weiss Ratings restated a “hold (c+)” rating on shares of Barings Bdc in a research note on Monday, December 29th. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of Barings Bdc from $10.00 to $9.50 and set a “market perform” rating for the company in a research note on Monday, November 10th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $9.67.
View Our Latest Research Report on BBDC
About Barings Bdc
Barings BDC Inc (NYSE: BBDC) is a closed-end, externally managed business development company that provides flexible financing solutions to middle-market companies. As an investment vehicle organized under the Investment Company Act of 1940, BBDC seeks to generate both current income and capital appreciation by investing primarily in senior secured loans, second lien loans, mezzanine debt and equity co-investments. The company targets established businesses across a diverse range of industries, including healthcare, industrials, consumer products and business services.
The company is sponsored and managed by Barings LLC, a global investment manager and subsidiary of Massachusetts Mutual Life Insurance Company (MassMutual).