Private Management Group Inc. Buys 128,200 Shares of Barings Bdc, Inc. $BBDC

Private Management Group Inc. boosted its stake in shares of Barings Bdc, Inc. (NYSE:BBDC) by 4.1% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 3,284,457 shares of the company’s stock after buying an additional 128,200 shares during the quarter. Private Management Group Inc.’s holdings in Barings Bdc were worth $28,772,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Goldman Sachs Group Inc. bought a new stake in shares of Barings Bdc during the 1st quarter worth approximately $106,000. Caxton Associates LLP acquired a new stake in shares of Barings Bdc in the 1st quarter valued at approximately $216,000. Campbell & CO Investment Adviser LLC grew its stake in shares of Barings Bdc by 206.1% in the second quarter. Campbell & CO Investment Adviser LLC now owns 58,776 shares of the company’s stock valued at $537,000 after buying an additional 39,574 shares in the last quarter. Cetera Investment Advisers grew its stake in shares of Barings Bdc by 8.9% in the second quarter. Cetera Investment Advisers now owns 82,171 shares of the company’s stock valued at $751,000 after buying an additional 6,681 shares in the last quarter. Finally, Financial Gravity Companies Inc. acquired a new position in Barings Bdc during the second quarter worth $2,797,000. 44.09% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered shares of Barings Bdc from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, March 5th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Barings Bdc currently has an average rating of “Moderate Buy” and a consensus price target of $9.67.

Barings Bdc Price Performance

Shares of NYSE BBDC opened at $8.09 on Friday. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.20. The business’s 50 day moving average price is $8.92 and its two-hundred day moving average price is $8.97. The company has a market cap of $846.79 million, a PE ratio of 8.34 and a beta of 0.60. Barings Bdc, Inc. has a twelve month low of $7.66 and a twelve month high of $9.92.

Barings Bdc (NYSE:BBDC) last released its quarterly earnings data on Thursday, February 19th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.01. Barings Bdc had a return on equity of 10.05% and a net margin of 36.50%.The company had revenue of $65.28 million during the quarter, compared to analysts’ expectations of $67.66 million. During the same period last year, the firm posted $0.28 earnings per share. On average, analysts predict that Barings Bdc, Inc. will post 1.13 EPS for the current year.

Barings Bdc Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 11th. Shareholders of record on Wednesday, March 4th were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Wednesday, March 4th. This represents a $1.04 annualized dividend and a yield of 12.9%. Barings Bdc’s dividend payout ratio (DPR) is currently 107.22%.

Barings Bdc Company 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).