Advisors Asset Management Inc. Purchases 27,209 Shares of Barings BDC, Inc. (NYSE:BBDC)

Advisors Asset Management Inc. boosted its position in shares of Barings BDC, Inc. (NYSE:BBDC) by 7.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 377,868 shares of the company’s stock after purchasing an additional 27,209 shares during the period. Advisors Asset Management Inc. owned about 0.36% of Barings BDC worth $3,616,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the company. Stifel Financial Corp grew its holdings in Barings BDC by 1.6% during the 3rd quarter. Stifel Financial Corp now owns 64,110 shares of the company’s stock valued at $628,000 after purchasing an additional 1,017 shares during the last quarter. Koshinski Asset Management Inc. boosted its position in Barings BDC by 2.8% in the 4th quarter. Koshinski Asset Management Inc. now owns 47,158 shares of the company’s stock valued at $451,000 after buying an additional 1,282 shares during the period. Steward Partners Investment Advisory LLC boosted its position in Barings BDC by 4.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 39,478 shares of the company’s stock valued at $378,000 after buying an additional 1,565 shares during the period. Stephens Inc. AR boosted its position in Barings BDC by 11.2% in the 4th quarter. Stephens Inc. AR now owns 19,133 shares of the company’s stock valued at $183,000 after buying an additional 1,930 shares during the period. Finally, Cozad Asset Management Inc. boosted its position in Barings BDC by 14.4% in the 4th quarter. Cozad Asset Management Inc. now owns 15,874 shares of the company’s stock valued at $152,000 after buying an additional 2,000 shares during the period. 44.09% of the stock is currently owned by institutional investors.

Barings BDC Price Performance

Barings BDC stock opened at $9.62 on Friday. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of 9.25 and a beta of 0.66. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.14 and a quick ratio of 0.14. Barings BDC, Inc. has a 1 year low of $8.95 and a 1 year high of $10.85. The firm has a 50-day moving average of $9.94 and a two-hundred day moving average of $9.83.

Barings BDC (NYSE:BBDC) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.01). The company had revenue of $70.63 million during the quarter, compared to analysts’ expectations of $69.35 million. Barings BDC had a net margin of 38.54% and a return on equity of 10.94%. On average, research analysts forecast that Barings BDC, Inc. will post 1.13 earnings per share for the current year.

Barings BDC Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, March 5th were given a $0.26 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $1.04 annualized dividend and a dividend yield of 10.82%. Barings BDC’s payout ratio is presently 100.00%.

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.