Dynamic Technology Lab Private Ltd Buys Shares of 24,114 Barings BDC, Inc. (NYSE:BBDC)

Dynamic Technology Lab Private Ltd purchased a new position in shares of Barings BDC, Inc. (NYSE:BBDC) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 24,114 shares of the company’s stock, valued at approximately $236,000.

Several other hedge funds have also made changes to their positions in BBDC. Harbor Capital Advisors Inc. increased its position in Barings BDC by 148.6% in the third quarter. Harbor Capital Advisors Inc. now owns 740,559 shares of the company’s stock worth $7,257,000 after buying an additional 442,621 shares during the period. Van ECK Associates Corp increased its holdings 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 acquiring an additional 321,638 shares during the period. Wealth Enhancement Advisory Services LLC bought a new stake in Barings BDC in the 2nd quarter valued at about $731,000. Muzinich & Co. Inc. boosted its stake in Barings BDC by 38.9% during the 3rd quarter. Muzinich & Co. Inc. now owns 252,518 shares of the company’s stock valued at $2,475,000 after purchasing an additional 70,722 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. grew its position in Barings BDC by 38.9% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 252,518 shares of the company’s stock worth $2,475,000 after purchasing an additional 70,722 shares during the last quarter. Institutional investors own 44.09% of the company’s stock.

Barings BDC Stock Performance

BBDC opened at $10.24 on Monday. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.29. The business’s 50 day moving average is $9.84 and its 200-day moving average is $9.87. The stock has a market cap of $1.08 billion, a PE ratio of 9.48 and a beta of 0.67. Barings BDC, Inc. has a twelve month low of $8.55 and a twelve month high of $10.30.

Barings BDC (NYSE:BBDC) last announced its earnings results on Wednesday, November 6th. The company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.01). Barings BDC had a net margin of 39.59% and a return on equity of 11.24%. The business had revenue of $70.85 million for the quarter, compared to the consensus estimate of $70.48 million. During the same period in the previous year, the firm earned $0.31 EPS. On average, analysts predict that Barings BDC, Inc. will post 1.24 earnings per share for the current year.

Barings BDC Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Wednesday, December 4th will be given a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a $1.04 dividend on an annualized basis and a yield of 10.16%. Barings BDC’s dividend payout ratio is presently 96.30%.

Barings BDC Company 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.