Closed End Fund Advisors Inc. Takes $1.78 Million Position in Barings Bdc, Inc. $BBDC

Closed End Fund Advisors Inc. bought a new stake in Barings Bdc, Inc. (NYSE:BBDC) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 193,447 shares of the company’s stock, valued at approximately $1,776,000. Barings Bdc makes up approximately 1.0% of Closed End Fund Advisors Inc.’s investment portfolio, making the stock its 26th biggest position. Closed End Fund Advisors Inc. owned approximately 0.18% of Barings Bdc at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Farther Finance Advisors LLC lifted its holdings in shares of Barings Bdc by 65.6% in the fourth quarter. Farther Finance Advisors LLC now owns 3,992 shares of the company’s stock valued at $37,000 after purchasing an additional 1,582 shares in the last quarter. BNP Paribas Financial Markets bought a new position in shares of Barings Bdc in the third quarter valued at approximately $44,000. Flagship Harbor Advisors LLC bought a new position in shares of Barings Bdc in the fourth quarter valued at approximately $46,000. Aquatic Capital Management LLC bought a new position in shares of Barings Bdc in the third quarter valued at approximately $64,000. Finally, Ameriflex Group Inc. lifted its holdings in shares of Barings Bdc by 100.0% in the third quarter. Ameriflex Group Inc. now owns 8,182 shares of the company’s stock valued at $72,000 after purchasing an additional 4,091 shares in the last quarter. Institutional investors own 44.09% of the company’s stock.

Barings Bdc Stock Performance

Shares of BBDC opened at $8.35 on Friday. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $873.80 million, a price-to-earnings ratio of 9.82 and a beta of 0.58. The stock has a 50 day moving average of $8.62 and a 200 day moving average of $8.78. Barings Bdc, Inc. has a 12 month low of $7.96 and a 12 month high of $9.92.

Barings Bdc (NYSE:BBDC) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.25 EPS for the quarter, meeting analysts’ consensus estimates of $0.25. The company had revenue of $54.66 million during the quarter, compared to the consensus estimate of $62.54 million. Barings Bdc had a return on equity of 10.08% and a net margin of 32.45%.During the same period last year, the business posted $0.25 earnings per share. As a group, sell-side analysts forecast that Barings Bdc, Inc. will post 1 earnings per share for the current year.

Barings Bdc Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, June 3rd will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 12.5%. The ex-dividend date of this dividend is Wednesday, June 3rd. Barings Bdc’s dividend payout ratio (DPR) is presently 122.35%.

Insider Activity at Barings Bdc

In other Barings Bdc news, CEO Thomas Mcdonnell purchased 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was bought at an average cost of $8.27 per share, with a total value of $82,700.00. Following the completion of the transaction, the chief executive officer owned 26,000 shares of the company’s stock, valued at $215,020. The trade was a 62.50% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

BBDC has been the topic of a number of recent research reports. Lucid Cap Mkts upgraded Barings Bdc to a “hold” rating in a report on Tuesday, April 28th. Weiss Ratings raised Barings Bdc from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Barings Bdc has an average rating of “Hold” and an average price target of $9.50.

About Barings Bdc

Barings BDC Inc (NYSE: BBDC) is a closed-end, externally managed business development company that provides flexible financing solutions to middle-market companies. As an investment vehicle organized under the Investment Company Act of 1940, BBDC seeks to generate both current income and capital appreciation by investing primarily in senior secured loans, second lien loans, mezzanine debt and equity co-investments. The company targets established businesses across a diverse range of industries, including healthcare, industrials, consumer products and business services.

The company is sponsored and managed by Barings LLC, a global investment manager and subsidiary of Massachusetts Mutual Life Insurance Company (MassMutual).