Muzinich & Co. Inc. Has $4.26 Million Holdings in Barings Bdc, Inc. $BBDC

Muzinich & Co. Inc. lifted its stake in shares of Barings Bdc, Inc. (NYSE:BBDC) by 66.8% in the third quarter, according to its most recent filing with the SEC. The fund owned 486,098 shares of the company’s stock after acquiring an additional 194,725 shares during the period. Barings Bdc makes up 1.6% of Muzinich & Co. Inc.’s investment portfolio, making the stock its 19th biggest position. Muzinich & Co. Inc. owned about 0.46% of Barings Bdc worth $4,258,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Y Intercept Hong Kong Ltd bought a new stake in Barings Bdc during the second quarter worth approximately $1,305,000. Ares Management LLC raised its stake in shares of Barings Bdc by 5.3% during the 2nd quarter. Ares Management LLC now owns 3,797,112 shares of the company’s stock valued at $34,706,000 after buying an additional 190,016 shares during the last quarter. Franklin Resources Inc. grew its holdings in Barings Bdc by 18.1% in the second quarter. Franklin Resources Inc. now owns 826,659 shares of the company’s stock valued at $7,556,000 after purchasing an additional 126,688 shares during the period. Kingstone Capital Partners Texas LLC lifted its position in shares of Barings Bdc by 293,218.8% in the second quarter. Kingstone Capital Partners Texas LLC now owns 43,616,506 shares of the company’s stock valued at $413,770,000 after acquiring an additional 43,601,636 shares in the last quarter. Finally, Financial Gravity Companies Inc. acquired a new position in Barings Bdc during the second quarter worth about $2,797,000. Institutional investors own 44.09% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on BBDC shares. Keefe, Bruyette & Woods reduced their price target on shares of Barings Bdc from $10.00 to $9.50 and set a “market perform” rating on the stock in a research report on Monday, November 10th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Barings Bdc in a research report on Monday, December 22nd. Finally, Wells Fargo & Company reduced their target price on Barings Bdc from $10.00 to $9.50 and set an “overweight” rating on the stock in a research note on Monday, November 10th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $9.67.

Barings Bdc Stock Performance

Shares of BBDC stock opened at $9.00 on Tuesday. The company’s fifty day simple moving average is $8.93 and its 200-day simple moving average is $9.13. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.30. Barings Bdc, Inc. has a 52 week low of $7.66 and a 52 week high of $10.85. The company has a market cap of $946.86 million, a PE ratio of 9.28 and a beta of 0.62.

Barings Bdc (NYSE:BBDC) last issued its earnings results on Thursday, November 6th. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.05. The company had revenue of $72.40 million during the quarter, compared to the consensus estimate of $69.71 million. Barings Bdc had a return on equity of 10.11% and a net margin of 36.01%.During the same quarter in the prior year, the business earned $0.29 earnings per share. As a group, equities research analysts anticipate that Barings Bdc, Inc. will post 1.13 EPS for the current year.

Barings Bdc Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Wednesday, December 3rd were paid a dividend of $0.26 per share. The ex-dividend date was Wednesday, December 3rd. This represents a $1.04 annualized dividend and a dividend yield of 11.6%. Barings Bdc’s dividend payout ratio (DPR) is currently 107.22%.

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).