Barings Bdc, Inc. $BBDC Shares Bought by Private Management Group Inc.

Private Management Group Inc. raised its position in Barings Bdc, Inc. (NYSE:BBDC) by 11.2% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 4,779,724 shares of the company’s stock after acquiring an additional 479,536 shares during the quarter. Barings Bdc comprises about 1.1% of Private Management Group Inc.’s portfolio, making the stock its 22nd biggest holding. Private Management Group Inc.’s holdings in Barings Bdc were worth $40,723,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of BBDC. Van ECK Associates Corp raised its holdings in shares of Barings Bdc by 26.6% during the second quarter. Van ECK Associates Corp now owns 2,309,564 shares of the company’s stock valued at $19,677,000 after acquiring an additional 484,649 shares during the last quarter. UBS Group AG boosted its stake in shares of Barings Bdc by 23.6% in the fourth quarter. UBS Group AG now owns 1,493,751 shares of the company’s stock worth $13,713,000 after acquiring an additional 285,272 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Barings Bdc by 3.6% in the third quarter. Invesco Ltd. now owns 1,160,864 shares of the company’s stock worth $10,169,000 after acquiring an additional 40,771 shares during the last quarter. Focus Partners Wealth purchased a new stake in shares of Barings Bdc during the fourth quarter worth approximately $9,207,000. Finally, Franklin Resources Inc. increased its position in shares of Barings Bdc by 7.0% during the third quarter. Franklin Resources Inc. now owns 884,841 shares of the company’s stock worth $7,751,000 after purchasing an additional 58,182 shares in the last quarter. 44.09% of the stock is currently owned by hedge funds and other institutional investors.

Barings Bdc Trading Down 0.3%

Shares of Barings Bdc stock opened at $9.35 on Friday. 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 stock’s 50 day simple moving average is $8.72 and its 200-day simple moving average is $8.63. The stock has a market cap of $979.01 million, a P/E ratio of 11.27 and a beta of 0.58. Barings Bdc, Inc. has a 1-year low of $7.96 and a 1-year high of $9.92.

Barings Bdc (NYSE:BBDC) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.25 by $0.03. Barings Bdc had a return on equity of 10.07% and a net margin of 32.73%.The firm had revenue of $54.58 million during the quarter, compared to analysts’ expectations of $60.10 million. During the same quarter last year, the firm earned $0.28 earnings per share. Analysts predict that Barings Bdc, Inc. will post 1.04 EPS for the current fiscal year.

Barings Bdc Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Wednesday, September 2nd will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 11.1%. The ex-dividend date is Wednesday, September 2nd. Barings Bdc’s dividend payout ratio is presently 125.30%.

Insider Transactions at Barings Bdc

In related news, CEO Thomas Mcdonnell bought 10,000 shares of the business’s stock in a transaction on Wednesday, June 3rd. The stock was acquired at an average cost of $8.27 per share, with a total value of $82,700.00. Following the purchase, the chief executive officer directly owned 26,000 shares of the company’s stock, valued at $215,020. The trade was a 62.50% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts recently commented on BBDC shares. Zacks Research downgraded Barings Bdc from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. Weiss Ratings cut shares of Barings Bdc from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, June 16th. Finally, Wells Fargo & Company raised their price target 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. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Barings Bdc currently has a consensus rating of “Hold” and a consensus target price of $9.75.

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).