SageGuard Financial Group LLC Acquires New Stake in Barings Bdc, Inc. $BBDC

SageGuard Financial Group LLC acquired a new stake in shares of Barings Bdc, Inc. (NYSE:BBDC) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 107,212 shares of the company’s stock, valued at approximately $984,000.

Other hedge funds also recently bought and sold shares of the company. Farther Finance Advisors LLC increased its position in Barings Bdc by 65.6% during the fourth quarter. Farther Finance Advisors LLC now owns 3,992 shares of the company’s stock valued at $37,000 after acquiring an additional 1,582 shares during the last quarter. State of Alaska Department of Revenue purchased a new stake in Barings Bdc during the third quarter valued at $38,000. Mather Group LLC. bought a new stake in Barings Bdc during the third quarter valued at approximately $44,000. BNP Paribas Financial Markets purchased a new stake in Barings Bdc during the third quarter valued at approximately $44,000. Finally, Flagship Harbor Advisors LLC purchased a new stake in Barings Bdc during the fourth quarter valued at approximately $46,000. Hedge funds and other institutional investors own 44.09% of the company’s stock.

Barings Bdc Price Performance

NYSE BBDC opened at $8.99 on Tuesday. The company has a market capitalization of $941.24 million, a PE ratio of 9.27 and a beta of 0.58. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.10 and a current ratio of 0.10. The business’s fifty day moving average is $8.54 and its 200 day moving average is $8.80. Barings Bdc, Inc. has a fifty-two week low of $7.96 and a fifty-two week high of $9.92.

Barings Bdc (NYSE:BBDC) last released its earnings results on Thursday, February 19th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.01. The company had revenue of $65.28 million for the quarter, compared to the consensus estimate of $67.66 million. Barings Bdc had a return on equity of 10.05% and a net margin of 36.50%.During the same period in the previous year, the business earned $0.28 earnings per share. Sell-side analysts predict that Barings Bdc, Inc. will post 0.97 earnings per share for the current year.

Barings Bdc Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 11th. Shareholders of record on Wednesday, March 4th were paid a dividend of $0.26 per share. The ex-dividend date was Wednesday, March 4th. This represents a $1.04 dividend on an annualized basis and a yield of 11.6%. Barings Bdc’s dividend payout ratio (DPR) is presently 107.22%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded shares of Barings Bdc from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, March 5th. Two equities research 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.com, the company currently has an average rating of “Moderate Buy” and an average price target of $9.67.

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).