146,016 Shares in Barings Bdc, Inc. $BBDC Bought by HUB Investment Partners LLC

HUB Investment Partners LLC bought a new stake in Barings Bdc, Inc. (NYSE:BBDC) during the 3rd quarter, Holdings Channel.com reports. The firm bought 146,016 shares of the company’s stock, valued at approximately $1,279,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Goldman Sachs Group Inc. acquired a new position in shares of Barings Bdc during the first quarter valued at about $106,000. Caxton Associates LLP bought a new position in shares of Barings Bdc in the first quarter valued at approximately $216,000. Golden State Wealth Management LLC raised its position in Barings Bdc by 269.6% in the 2nd quarter. Golden State Wealth Management LLC now owns 7,077 shares of the company’s stock valued at $65,000 after buying an additional 5,162 shares during the last quarter. Campbell & CO Investment Adviser LLC lifted its stake in Barings Bdc by 206.1% during the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 58,776 shares of the company’s stock valued at $537,000 after acquiring an additional 39,574 shares in the last quarter. Finally, PFG Advisors purchased a new position in Barings Bdc during the 2nd quarter worth $115,000. 44.09% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently commented on BBDC shares. Weiss Ratings downgraded shares of Barings Bdc from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday. Keefe, Bruyette & Woods dropped their price target on Barings Bdc from $10.00 to $9.50 and set a “market perform” rating on the stock in a report on Monday, November 10th. Finally, Wells Fargo & Company decreased their price objective on shares of Barings Bdc from $10.00 to $9.50 and set an “overweight” rating for the company in a report on Monday, November 10th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Barings Bdc presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.67.

Barings Bdc Price Performance

Barings Bdc stock opened at $8.23 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.10 and a quick ratio of 0.10. Barings Bdc, Inc. has a one year low of $7.66 and a one year high of $9.92. The firm has a market capitalization of $861.76 million, a P/E ratio of 8.48 and a beta of 0.60. The business has a fifty day moving average price of $9.01 and a 200-day moving average price of $9.02.

Barings Bdc (NYSE:BBDC) last announced its quarterly earnings results on Thursday, February 19th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.01. Barings Bdc had a return on equity of 10.05% and a net margin of 36.50%.The firm had revenue of $65.28 million for the quarter, compared to analysts’ expectations of $67.66 million. During the same period in the prior year, the business posted $0.28 earnings per share. As a group, equities research analysts forecast that Barings Bdc, Inc. will post 1.13 EPS for the current year.

Barings Bdc Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 11th. Investors of record on Wednesday, March 4th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 12.6%. The ex-dividend date of this dividend is Wednesday, March 4th. Barings Bdc’s dividend payout ratio (DPR) is currently 107.22%.

Barings Bdc Profile

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).