Closed End Fund Advisors Inc. Makes New $1.78 Million Investment in Barings Bdc, Inc. $BBDC

Closed End Fund Advisors Inc. bought a new position in Barings Bdc, Inc. (NYSE:BBDC) in the fourth quarter, Holdings Channel reports. The firm bought 193,447 shares of the company’s stock, valued at approximately $1,776,000. Barings Bdc makes up about 1.0% of Closed End Fund Advisors Inc.’s investment portfolio, making the stock its 26th largest position.

A number of other large investors have also bought and sold shares of BBDC. Farther Finance Advisors LLC increased its position in Barings Bdc by 65.6% in the fourth quarter. Farther Finance Advisors LLC now owns 3,992 shares of the company’s stock worth $37,000 after buying an additional 1,582 shares during the last quarter. BNP Paribas Financial Markets purchased a new stake in Barings Bdc in the third quarter worth $44,000. Flagship Harbor Advisors LLC purchased a new stake in Barings Bdc in the fourth quarter worth $46,000. Aquatic Capital Management LLC purchased a new stake in Barings Bdc in the third quarter worth $64,000. Finally, Ameriflex Group Inc. increased its position in Barings Bdc by 100.0% in the third quarter. Ameriflex Group Inc. now owns 8,182 shares of the company’s stock worth $72,000 after buying an additional 4,091 shares during the last quarter. 44.09% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Barings Bdc

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

Barings Bdc Price Performance

Barings Bdc stock opened at $8.35 on Friday. Barings Bdc, Inc. has a one year low of $7.96 and a one year high of $9.92. The business has a fifty day moving average price of $8.62 and a 200-day moving average price of $8.78. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.12 and a quick ratio of 0.12. The firm has a market capitalization of $873.80 million, a P/E ratio of 9.82 and a beta of 0.58.

Barings Bdc (NYSE:BBDC) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.25 EPS for the quarter, hitting analysts’ consensus estimates of $0.25. Barings Bdc had a return on equity of 10.08% and a net margin of 32.45%.The firm had revenue of $54.66 million during the quarter, compared to analyst estimates of $62.54 million. During the same period last year, the company earned $0.25 earnings per share. As a group, equities research analysts forecast that Barings Bdc, Inc. will post 1 EPS for the current year.

Barings Bdc Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Wednesday, June 3rd will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 12.5%. The ex-dividend date of this dividend is Wednesday, June 3rd. Barings Bdc’s dividend payout ratio (DPR) is presently 122.35%.

Wall Street Analysts Forecast Growth

BBDC has been the subject of a number of recent research reports. Weiss Ratings raised Barings Bdc from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday. Lucid Cap Mkts raised Barings Bdc to a “hold” rating in a report on Tuesday, April 28th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $9.50.

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).