LSV Asset Management Trims Position in Barings BDC, Inc. (NYSE:BBDC)

LSV Asset Management trimmed its position in Barings BDC, Inc. (NYSE:BBDC) by 80.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 36,100 shares of the company’s stock after selling 151,400 shares during the period. LSV Asset Management’s holdings in Barings BDC were worth $345,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Private Management Group Inc. lifted its stake 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 worth $29,516,000 after purchasing an additional 83,408 shares during the period. Van ECK Associates Corp increased its holdings in Barings BDC by 3.5% during the fourth quarter. Van ECK Associates Corp now owns 2,347,891 shares of the company’s stock valued at $22,470,000 after buying an additional 79,994 shares during the last quarter. Raymond James Financial Inc. bought a new position in Barings BDC in the fourth quarter worth approximately $8,891,000. Harbor Capital Advisors Inc. boosted its stake in shares of Barings BDC by 2.1% during the 4th quarter. Harbor Capital Advisors Inc. now owns 756,340 shares of the company’s stock worth $7,238,000 after acquiring an additional 15,781 shares during the last quarter. Finally, Wells Fargo & Company MN grew its position in shares of Barings BDC by 85.4% during the 4th quarter. Wells Fargo & Company MN now owns 705,628 shares of the company’s stock valued at $6,753,000 after acquiring an additional 324,945 shares during the period. 44.09% of the stock is owned by hedge funds and other institutional investors.

Barings BDC Trading Up 2.0 %

Shares of NYSE:BBDC opened at $8.59 on Wednesday. The stock has a 50 day moving average of $9.57 and a 200 day moving average of $9.70. The company has a market cap of $905.25 million, a PE ratio of 8.26 and a beta of 0.56. Barings BDC, Inc. has a 12-month low of $7.66 and a 12-month high of $10.85. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.37.

Barings BDC (NYSE:BBDC) last announced its quarterly earnings data 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). Barings BDC had a return on equity of 10.94% and a net margin of 38.54%. The firm had revenue of $70.63 million during the quarter, compared to analysts’ expectations of $69.35 million. As a group, equities research analysts expect that Barings BDC, Inc. will post 1.13 EPS for the current year.

Barings BDC Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, March 5th were issued a dividend of $0.26 per share. The ex-dividend date was Wednesday, March 5th. This represents a $1.04 dividend on an annualized basis and a yield of 12.11%. Barings BDC’s dividend payout ratio is presently 100.00%.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods decreased their target price on Barings BDC from $10.50 to $9.50 and set a “market perform” rating on the stock in a report on Tuesday, April 8th.

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.