Barings BDC, Inc. (NYSE:BBDC) Shares Acquired by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC boosted its stake in Barings BDC, Inc. (NYSE:BBDC) by 4.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 39,478 shares of the company’s stock after purchasing an additional 1,565 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Barings BDC were worth $378,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BBDC. Private Management Group Inc. raised its stake in Barings BDC by 2.8% during the 4th quarter. Private Management Group Inc. now owns 3,084,236 shares of the company’s stock worth $29,516,000 after acquiring an additional 83,408 shares in the last quarter. Van ECK Associates Corp lifted its holdings in shares of Barings BDC by 3.5% in the fourth quarter. Van ECK Associates Corp now owns 2,347,891 shares of the company’s stock valued at $22,470,000 after purchasing an additional 79,994 shares in the last quarter. Kovitz Investment Group Partners LLC purchased a new position in shares of Barings BDC during the third quarter valued at approximately $10,549,000. Harbor Capital Advisors Inc. lifted its stake in shares of Barings BDC by 2.1% during the fourth quarter. Harbor Capital Advisors Inc. now owns 756,340 shares of the company’s stock valued at $7,238,000 after buying an additional 15,781 shares during the period. Finally, Confluence Investment Management LLC increased its position in Barings BDC by 0.5% during the fourth quarter. Confluence Investment Management LLC now owns 517,753 shares of the company’s stock worth $4,955,000 after purchasing an additional 2,399 shares during the last quarter. Hedge funds and other institutional investors own 44.09% of the company’s stock.

Barings BDC Price Performance

Barings BDC stock opened at $9.38 on Friday. Barings BDC, Inc. has a 52-week low of $8.96 and a 52-week high of $10.85. The firm has a fifty day moving average of $9.94 and a 200-day moving average of $9.85. The firm has a market capitalization of $988.21 million, a P/E ratio of 9.01 and a beta of 0.66. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.37.

Barings BDC (NYSE:BBDC) last announced its earnings results on Thursday, February 20th. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.01). Barings BDC had a net margin of 38.54% and a return on equity of 10.94%. The firm had revenue of $70.63 million during the quarter, compared to analysts’ expectations of $69.35 million. As a group, analysts predict that Barings BDC, Inc. will post 1.13 EPS for the current year.

Barings BDC Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, March 5th were paid a dividend of $0.26 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $1.04 dividend on an annualized basis and a yield of 11.09%. Barings BDC’s dividend payout ratio (DPR) is 100.00%.

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.