Barings Bdc, Inc. (NYSE:BBDC) Short Interest Up 78.3% in October

Barings Bdc, Inc. (NYSE:BBDC) saw a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 718,900 shares, an increase of 78.3% from the September 30th total of 403,100 shares. Based on an average daily volume of 488,900 shares, the days-to-cover ratio is presently 1.5 days. Approximately 0.7% of the shares of the company are sold short. Approximately 0.7% of the shares of the company are sold short. Based on an average daily volume of 488,900 shares, the days-to-cover ratio is presently 1.5 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “hold (c+)” rating on shares of Barings Bdc in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Barings Bdc currently has an average rating of “Moderate Buy” and a consensus target price of $9.67.

Hedge Funds Weigh In On Barings Bdc

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. CreativeOne Wealth LLC increased its position in Barings Bdc by 3.4% during the second quarter. CreativeOne Wealth LLC now owns 34,696 shares of the company’s stock worth $317,000 after acquiring an additional 1,129 shares during the period. Sound Income Strategies LLC increased its position in Barings Bdc by 9.6% during the third quarter. Sound Income Strategies LLC now owns 13,985 shares of the company’s stock worth $118,000 after acquiring an additional 1,228 shares during the period. Ausdal Financial Partners Inc. increased its position in Barings Bdc by 5.0% during the second quarter. Ausdal Financial Partners Inc. now owns 29,403 shares of the company’s stock worth $269,000 after acquiring an additional 1,408 shares during the period. Armor Investment Advisors LLC increased its position in Barings Bdc by 11.6% during the first quarter. Armor Investment Advisors LLC now owns 16,300 shares of the company’s stock worth $156,000 after acquiring an additional 1,700 shares during the period. Finally, Kingstone Capital Partners Texas LLC increased its position in Barings Bdc by 11.2% during the third quarter. Kingstone Capital Partners Texas LLC now owns 18,831 shares of the company’s stock worth $165,000 after acquiring an additional 1,898 shares during the period. Institutional investors own 44.09% of the company’s stock.

Barings Bdc Trading Up 1.0%

NYSE:BBDC opened at $9.02 on Friday. Barings Bdc has a 12 month low of $7.66 and a 12 month high of $10.85. The firm has a market cap of $948.11 million, a price-to-earnings ratio of 9.39 and a beta of 0.72. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.47. The company’s 50 day moving average is $9.07 and its 200-day moving average is $9.12.

Barings Bdc (NYSE:BBDC) last announced its earnings results on Thursday, August 7th. The company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.02. Barings Bdc had a net margin of 35.67% and a return on equity of 9.76%. The business had revenue of $74.40 million for the quarter, compared to analyst estimates of $66.41 million. During the same quarter in the previous year, the firm posted $0.40 earnings per share. Equities analysts anticipate that Barings Bdc will post 1.13 EPS for the current year.

Barings Bdc Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Wednesday, December 3rd will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $1.04 dividend on an annualized basis and a yield of 11.5%. Barings Bdc’s payout ratio is 108.33%.

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.