110,949 Barings Bdc, Inc. $BBDC Shares Purchased by Private Management Group Inc.

Private Management Group Inc. raised its holdings in shares of Barings Bdc, Inc. (NYSE:BBDC) by 2.3% in the 3rd quarter, Holdings Channel reports. The firm owned 4,890,673 shares of the company’s stock after purchasing an additional 110,949 shares during the quarter. Barings Bdc comprises about 1.1% of Private Management Group Inc.’s investment portfolio, making the stock its 17th biggest holding. Private Management Group Inc.’s holdings in Barings Bdc were worth $42,158,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Bank of America Corp DE bought a new position in shares of Barings Bdc in the 2nd quarter worth about $5,885,000. Rivernorth Capital Management LLC acquired a new position in shares of Barings Bdc in the 2nd quarter valued at about $1,748,000. BlackRock Inc. bought a new stake in shares of Barings Bdc during the 2nd quarter valued at about $4,339,000. Legal & General Group Plc bought a new stake in shares of Barings Bdc during the 2nd quarter valued at about $7,483,000. Finally, Van ECK Associates Corp grew its position in shares of Barings Bdc by 26.6% during the 2nd quarter. Van ECK Associates Corp now owns 2,309,564 shares of the company’s stock valued at $19,677,000 after buying an additional 484,649 shares during the last quarter. 44.09% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently weighed in on BBDC shares. Wells Fargo & Company increased their price objective on shares of Barings Bdc from $9.50 to $10.00 and gave the stock an “overweight” rating in a research note on Monday, August 10th. Raymond James Financial set a $9.00 target price on Barings Bdc in a research note on Thursday, October 22nd. Weiss Ratings lowered Barings Bdc from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, September 16th. Finally, Zacks Research lowered Barings Bdc from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 22nd. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $9.50.

Barings Bdc Price Performance

Shares of NYSE BBDC opened at $8.78 on Tuesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.09 and a quick ratio of 0.09. The firm has a market capitalization of $918.93 million, a PE ratio of 10.32 and a beta of 0.65. Barings Bdc, Inc. has a 1-year low of $7.96 and a 1-year high of $9.53. The business’s fifty day moving average price is $8.67 and its two-hundred day moving average price is $8.67.

Barings Bdc (NYSE:BBDC) last announced its quarterly earnings results on Thursday, November 5th. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.02). Barings Bdc had a net margin of 32.73% and a return on equity of 10.07%. The firm had revenue of $64.29 million for the quarter, compared to analyst estimates of $63.54 million. During the same period last year, the firm posted $0.22 EPS. On average, research analysts expect that Barings Bdc, Inc. will post 1.04 EPS for the current year.

Barings Bdc Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 9th. Investors of record on Wednesday, December 2nd will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 11.9%. The ex-dividend date of this dividend is Wednesday, December 2nd. Barings Bdc’s dividend payout ratio (DPR) is 122.35%.

Barings Bdc Company Profile

Barings BDC, Inc (NYSE:BBDC) is a business development company that provides financing to privately owned, middle-market businesses. The company seeks to support companies across a range of industries by investing in their debt and equity securities.

Barings BDC primarily invests in senior secured loans, including first-lien and second-lien debt, as well as subordinated debt and selected equity investments. Its portfolio companies are generally based in the United States and may use the financing for acquisitions, recapitalizations, refinancing, growth initiatives, and other corporate purposes.

The company was formerly known as Triangle Capital Corporation and adopted the Barings BDC name following a change in its investment management arrangements.