Barings Bdc, Inc. $BBDC Shares Bought by Legal & General Group Plc

Legal & General Group Plc raised its position in Barings Bdc, Inc. (NYSE:BBDC) by 18.6% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 750,732 shares of the company’s stock after buying an additional 117,776 shares during the quarter. Legal & General Group Plc owned about 0.71% of Barings Bdc worth $6,895,000 as of its most recent filing with the SEC.

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

Wall Street Analyst Weigh In

Several brokerages have issued reports on BBDC. Lucid Cap Mkts raised shares of Barings Bdc to a “hold” rating in a research note on Tuesday, April 28th. Weiss Ratings raised shares of Barings Bdc from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, June 1st. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Barings Bdc currently has an average rating of “Hold” and an average price target of $9.50.

Insider Buying and Selling at Barings Bdc

In other Barings Bdc news, CEO Thomas Mcdonnell acquired 10,000 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The shares were purchased at an average cost of $8.27 per share, with a total value of $82,700.00. Following the purchase, the chief executive officer owned 26,000 shares in the company, 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 available through the SEC website. 0.60% of the stock is currently owned by company insiders.

Barings Bdc Stock Performance

NYSE:BBDC opened at $8.35 on Friday. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.25. Barings Bdc, Inc. has a fifty-two week low of $7.96 and a fifty-two week high of $9.92. The stock has a market cap of $873.80 million, a PE ratio of 9.82 and a beta of 0.58. The firm’s fifty day simple moving average is $8.62 and its 200-day simple moving average is $8.78.

Barings Bdc (NYSE:BBDC) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.25 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.25. Barings Bdc had a net margin of 32.45% and a return on equity of 10.08%. The business had revenue of $54.66 million for the quarter, compared to analysts’ expectations of $62.54 million. During the same period in the prior year, the company posted $0.25 EPS. Analysts expect that Barings Bdc, Inc. will post 1 earnings per share for the current fiscal year.

Barings Bdc Announces Dividend

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 paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, June 3rd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 12.5%. Barings Bdc’s dividend payout ratio is 122.35%.

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).