Advisors Asset Management Inc. Grows Position in Barings BDC, Inc. (NYSE:BBDC)

Advisors Asset Management Inc. boosted its stake in shares of Barings BDC, Inc. (NYSE:BBDC) by 8.1% during the third quarter, HoldingsChannel.com reports. The firm owned 350,659 shares of the company’s stock after acquiring an additional 26,420 shares during the period. Advisors Asset Management Inc.’s holdings in Barings BDC were worth $3,436,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Van ECK Associates Corp increased its holdings in shares of Barings BDC by 6.1% during the 3rd quarter. Van ECK Associates Corp now owns 2,267,897 shares of the company’s stock worth $22,134,000 after buying an additional 129,410 shares during the last quarter. Harbor Capital Advisors Inc. raised its holdings in shares of Barings BDC by 148.6% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 740,559 shares of the company’s stock worth $7,257,000 after purchasing an additional 442,621 shares during the period. Confluence Investment Management LLC lifted its position in Barings BDC by 1.2% during the third quarter. Confluence Investment Management LLC now owns 515,354 shares of the company’s stock valued at $5,050,000 after buying an additional 5,907 shares in the last quarter. Muzinich & Co. Inc. raised its stake in shares of Barings BDC by 38.9% in the 3rd quarter. Muzinich & Co. Inc. now owns 252,518 shares of the company’s stock valued at $2,475,000 after acquiring an additional 70,722 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Barings BDC by 38.9% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 252,518 shares of the company’s stock valued at $2,475,000 after acquiring an additional 70,722 shares in the last quarter. Institutional investors and hedge funds own 44.09% of the company’s stock.

Barings BDC Price Performance

BBDC opened at $10.20 on Friday. Barings BDC, Inc. has a twelve month low of $8.55 and a twelve month high of $10.27. The firm has a market cap of $1.08 billion, a price-to-earnings ratio of 9.36 and a beta of 0.67. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.29. The company has a fifty day simple moving average of $9.80 and a 200 day simple moving average of $9.85.

Barings BDC (NYSE:BBDC) last announced its earnings results on Wednesday, November 6th. The company reported $0.29 earnings per share 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 analyst estimates of $70.48 million. Barings BDC had a net margin of 39.59% and a return on equity of 11.24%. During the same quarter in the prior year, the business earned $0.31 earnings per share. Equities research analysts expect that Barings BDC, Inc. will post 1.25 EPS for the current fiscal year.

Barings BDC Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Wednesday, December 4th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 10.20%. The ex-dividend date of this dividend is Wednesday, December 4th. Barings BDC’s dividend payout ratio (DPR) is currently 96.30%.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company increased their price target on Barings BDC from $9.00 to $9.50 and gave the company an “equal weight” rating in a report on Friday, July 26th.

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.