Bulldog Investors LLP Trims Stock Position in Barings Bdc, Inc. $BBDC

Bulldog Investors LLP trimmed its position in Barings Bdc, Inc. (NYSE:BBDC) by 68.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 67,422 shares of the company’s stock after selling 143,079 shares during the quarter. Bulldog Investors LLP’s holdings in Barings Bdc were worth $591,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. State of Alaska Department of Revenue acquired a new stake in shares of Barings Bdc during the 3rd quarter worth approximately $38,000. Mather Group LLC. purchased a new stake in shares of Barings Bdc during the 3rd quarter valued at approximately $44,000. BNP Paribas Financial Markets acquired a new position in Barings Bdc in the third quarter valued at approximately $44,000. Aquatic Capital Management LLC acquired a new position in Barings Bdc in the third quarter valued at approximately $64,000. Finally, Ameriflex Group Inc. grew 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 acquiring an additional 4,091 shares during the period. Hedge funds and other institutional investors own 44.09% of the company’s stock.

Barings Bdc Trading Down 0.4%

NYSE BBDC opened at $8.09 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.10 and a quick ratio of 0.10. The stock has a market capitalization of $846.77 million, a P/E ratio of 8.34 and a beta of 0.60. The firm’s 50-day moving average is $8.92 and its two-hundred day moving average is $8.97. Barings Bdc, Inc. has a 12 month low of $7.66 and a 12 month high of $9.92.

Barings Bdc (NYSE:BBDC) last announced its quarterly earnings results on Thursday, February 19th. The company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.01. The business had revenue of $65.28 million during the quarter, compared to analysts’ expectations of $67.66 million. Barings Bdc had a net margin of 36.50% and a return on equity of 10.05%. During the same period last year, the business earned $0.28 earnings per share. On average, sell-side analysts anticipate that Barings Bdc, Inc. will post 1.13 earnings per share for the current year.

Barings Bdc Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 11th. Investors of record on Wednesday, March 4th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 12.9%. The ex-dividend date was Wednesday, March 4th. Barings Bdc’s dividend payout ratio (DPR) is 107.22%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut Barings Bdc from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, March 5th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $9.67.

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).