Barings BDC, Inc. (NYSE:BBDC) Shares Bought by Advisors Asset Management Inc.

Advisors Asset Management Inc. lifted its stake in shares of Barings BDC, Inc. (NYSE:BBDC) by 8.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 350,659 shares of the company’s stock after purchasing an additional 26,420 shares during the quarter. Advisors Asset Management Inc. owned about 0.33% of Barings BDC worth $3,436,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Harbor Capital Advisors Inc. boosted its position in Barings BDC by 148.6% during the third quarter. Harbor Capital Advisors Inc. now owns 740,559 shares of the company’s stock worth $7,257,000 after purchasing an additional 442,621 shares in the last quarter. Van ECK Associates Corp boosted its position in shares of Barings BDC by 17.7% in the 2nd quarter. Van ECK Associates Corp now owns 2,138,487 shares of the company’s stock worth $20,808,000 after buying an additional 321,638 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in Barings BDC during the 2nd quarter valued at about $731,000. Muzinich & Co. Inc. raised its position in Barings BDC by 38.9% during the third quarter. Muzinich & Co. Inc. now owns 252,518 shares of the company’s stock worth $2,475,000 after acquiring an additional 70,722 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Barings BDC by 38.9% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 252,518 shares of the company’s stock valued at $2,475,000 after purchasing an additional 70,722 shares in the last quarter. Hedge funds and other institutional investors own 44.09% of the company’s stock.

Analysts Set New Price Targets

Separately, Wells Fargo & Company lifted their price objective on Barings BDC from $9.00 to $9.50 and gave the stock an “equal weight” rating in a research report on Friday, July 26th.

Barings BDC Trading Up 1.9 %

Barings BDC stock opened at $10.20 on Friday. The stock has a 50-day moving average price of $9.80 and a 200 day moving average price of $9.85. Barings BDC, Inc. has a 52 week low of $8.55 and a 52 week high of $10.27. The stock has a market cap of $1.08 billion, a PE ratio of 9.36 and a beta of 0.67. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.29.

Barings BDC (NYSE:BBDC) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). Barings BDC had a net margin of 39.59% and a return on equity of 11.24%. The firm had revenue of $70.85 million during the quarter, compared to analyst estimates of $70.48 million. During the same period in the prior year, the firm earned $0.31 EPS. Equities research analysts predict that Barings BDC, Inc. will post 1.25 earnings per share for the current fiscal year.

Barings BDC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Wednesday, December 4th will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 10.20%. The ex-dividend date of this dividend is Wednesday, December 4th. Barings BDC’s dividend payout ratio (DPR) is 96.30%.

Barings BDC Profile

Barings BDC, Inc is a publicly traded, externally managed investment company that has elected to be treated as a business development company under the Investment Company Act of 1940. It seeks to invest primarily in senior secured loans, first lien debt, unitranche, second lien debt, subordinated debt, equity co-investments and senior secured private debt investments in private middle-market companies that operate across a wide range of industries.