HighPoint Advisor Group LLC Boosts Stock Holdings in Barings BDC, Inc. (NYSE:BBDC)

HighPoint Advisor Group LLC boosted its position in Barings BDC, Inc. (NYSE:BBDC) by 3.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 59,143 shares of the company’s stock after purchasing an additional 1,754 shares during the period. HighPoint Advisor Group LLC owned about 0.06% of Barings BDC worth $599,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in BBDC. Raymond James Financial Inc. purchased a new stake in shares of Barings BDC in the fourth quarter valued at approximately $8,891,000. Steward Partners Investment Advisory LLC lifted its holdings in Barings BDC by 4.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 39,478 shares of the company’s stock valued at $378,000 after acquiring an additional 1,565 shares during the period. Truist Financial Corp purchased a new stake in shares of Barings BDC during the 4th quarter worth $112,000. Franklin Resources Inc. grew its stake in shares of Barings BDC by 38.9% during the 3rd quarter. Franklin Resources Inc. now owns 322,954 shares of the company’s stock worth $3,136,000 after purchasing an additional 90,390 shares during the period. Finally, Private Management Group Inc. increased its holdings in shares of Barings BDC by 2.8% in the 4th quarter. Private Management Group Inc. now owns 3,084,236 shares of the company’s stock valued at $29,516,000 after purchasing an additional 83,408 shares in the last quarter. Hedge funds and other institutional investors own 44.09% of the company’s stock.

Barings BDC Stock Down 0.6 %

Shares of NYSE BBDC opened at $9.45 on Thursday. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.37. The firm has a 50-day moving average price of $9.93 and a 200 day moving average price of $9.81. Barings BDC, Inc. has a 52 week low of $8.95 and a 52 week high of $10.85. The stock has a market capitalization of $996.12 million, a price-to-earnings ratio of 9.09 and a beta of 0.66.

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

Barings BDC Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, March 5th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 11.01%. The ex-dividend date of this dividend was Wednesday, March 5th. Barings BDC’s dividend payout ratio (DPR) is 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.