109,699 Shares in Barings Bdc, Inc. $BBDC Acquired by Icon Advisers Inc. Co.

Icon Advisers Inc. Co. acquired a new stake in shares of Barings Bdc, Inc. (NYSE:BBDC) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 109,699 shares of the company’s stock, valued at approximately $961,000. Icon Advisers Inc. Co. owned approximately 0.10% of Barings Bdc as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in BBDC. State of Alaska Department of Revenue purchased a new stake in shares of Barings Bdc in the third quarter worth $38,000. Mather Group LLC. bought a new position in shares of Barings Bdc during the third quarter valued at $44,000. Golden State Wealth Management LLC raised its position in shares of Barings Bdc by 269.6% in the 2nd quarter. Golden State Wealth Management LLC now owns 7,077 shares of the company’s stock worth $65,000 after purchasing an additional 5,162 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in shares of Barings Bdc in the 3rd quarter worth about $88,000. Finally, Wealth Management Partners LLC bought a new position in Barings Bdc in the 3rd quarter worth about $92,000. Hedge funds and other institutional investors own 44.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on BBDC. Keefe, Bruyette & Woods cut their price objective 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 cut shares of Barings Bdc from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday. Finally, Wells Fargo & Company dropped their target price on shares of 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 investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Barings Bdc has an average rating of “Moderate Buy” and an average price target of $9.67.

Barings Bdc Stock Down 0.7%

Barings Bdc stock opened at $8.23 on Friday. Barings Bdc, Inc. has a 12 month low of $7.66 and a 12 month high of $9.92. The stock has a fifty day simple moving average of $9.01 and a two-hundred day simple moving average of $9.03. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.20. The firm has a market cap of $861.76 million, a price-to-earnings ratio of 8.48 and a beta of 0.60.

Barings Bdc (NYSE:BBDC) last announced its quarterly earnings results 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 firm had revenue of $65.28 million for the quarter, compared to the consensus estimate of $67.66 million. During the same period in the prior year, the company posted $0.28 earnings per share. Equities analysts predict that Barings Bdc, Inc. will post 1.13 EPS for the current fiscal year.

Barings Bdc Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 11th. Shareholders of record on Wednesday, March 4th will be paid a dividend of $0.26 per share. The ex-dividend date is Wednesday, March 4th. This represents a $1.04 annualized dividend and a yield of 12.6%. Barings Bdc’s dividend payout ratio 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).