Barings Bdc (NYSE:BBDC) Stock Breaks Above 200 Day Moving Average – Time to Sell?

Barings Bdc, Inc. (NYSE:BBDC) crossed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $8.67 and traded as high as $8.98. Barings Bdc shares last traded at $8.7760, with a volume of 673,609 shares trading hands.

Analysts Set New Price Targets

BBDC has been the topic of several recent research reports. Raymond James Financial set a $9.00 price target on Barings Bdc in a research note on Thursday, October 22nd. Zacks Research lowered Barings Bdc from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. Lucid Cap Mkts began coverage on shares of Barings Bdc in a report on Monday. They set a “hold” rating on the stock. Weiss Ratings downgraded shares of Barings Bdc from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, September 16th. Finally, Wells Fargo & Company increased their price target on shares of Barings Bdc from $9.50 to $10.00 and gave the stock an “overweight” rating in a research note on Monday, August 10th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $9.50.

Barings Bdc Stock Down 0.2%

The company has a market cap of $916.74 million, a P/E ratio of 8.27 and a beta of 0.65. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.10 and a quick ratio of 0.09. The company’s 50-day moving average is $8.65 and its two-hundred day moving average is $8.66.

Barings Bdc (NYSE:BBDC) last released its quarterly earnings data on Thursday, November 5th. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.02). Barings Bdc had a net margin of 34.18% and a return on equity of 9.57%. The business had revenue of $64.29 million during the quarter, compared to the consensus estimate of $63.54 million. During the same period last year, the company posted $0.22 earnings per share. As a group, equities analysts predict that Barings Bdc, Inc. will post 1.05 earnings per share for the current fiscal year.

Barings Bdc Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 9th. Investors of record on Wednesday, December 2nd will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, December 2nd. This represents a $1.04 annualized dividend and a dividend yield of 11.9%. Barings Bdc’s dividend payout ratio (DPR) is 122.35%.

Hedge Funds Weigh In On Barings Bdc

Hedge funds have recently bought and sold shares of the business. Private Management Group Inc. boosted its holdings in shares of Barings Bdc by 2.3% during the 3rd quarter. Private Management Group Inc. now owns 4,890,673 shares of the company’s stock valued at $42,158,000 after acquiring an additional 110,949 shares during the last quarter. Van ECK Associates Corp raised its holdings in shares of Barings Bdc by 26.6% during the second quarter. Van ECK Associates Corp now owns 2,309,564 shares of the company’s stock valued at $19,677,000 after purchasing an additional 484,649 shares during the last quarter. Russell Investments Group Ltd. lifted its position in Barings Bdc by 3.0% during the third quarter. Russell Investments Group Ltd. now owns 1,271,275 shares of the company’s stock valued at $10,958,000 after purchasing an additional 36,763 shares during the period. Legal & General Group Plc bought a new position in Barings Bdc during the second quarter valued at approximately $7,483,000. Finally, Bank of America Corp DE bought a new position in Barings Bdc during the second quarter valued at approximately $5,885,000. Hedge funds and other institutional investors own 44.09% of the company’s stock.

About Barings Bdc

Barings BDC, Inc. is a business development company that provides financing to privately held middle-market businesses, primarily in the United States. Its investments support companies across a range of industries. The company’s investment portfolio is focused mainly on debt, including senior secured and unitranche loans, and may also include subordinated debt and equity investments. These financing options allow Barings BDC to provide capital tailored to the needs of its portfolio companies. Barings BDC is externally managed by Barings LLC, a global investment manager and subsidiary of MassMutual.