Private Management Group Inc. Has $25.97 Million Stake in Barings BDC, Inc. (NYSE:BBDC)

Private Management Group Inc. increased its position in shares of Barings BDC, Inc. (NYSE:BBDC) by 2.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 3,026,625 shares of the company’s stock after purchasing an additional 79,150 shares during the quarter. Private Management Group Inc.’s holdings in Barings BDC were worth $25,968,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in BBDC. Cape Investment Advisory Inc. raised its holdings in Barings BDC by 181.8% in the 3rd quarter. Cape Investment Advisory Inc. now owns 6,479 shares of the company’s stock valued at $58,000 after acquiring an additional 4,180 shares in the last quarter. Signaturefd LLC grew its stake in Barings BDC by 49.6% during the third quarter. Signaturefd LLC now owns 9,414 shares of the company’s stock worth $84,000 after buying an additional 3,122 shares in the last quarter. MBM Wealth Consultants LLC bought a new position in Barings BDC in the 3rd quarter valued at about $92,000. Bouchey Financial Group Ltd bought a new stake in shares of Barings BDC during the 4th quarter worth approximately $88,000. Finally, JT Stratford LLC acquired a new stake in shares of Barings BDC during the 3rd quarter worth approximately $107,000. 44.09% of the stock is currently owned by institutional investors.

Barings BDC Price Performance

Shares of Barings BDC stock traded down $0.08 during midday trading on Tuesday, hitting $9.24. 620,716 shares of the company traded hands, compared to its average volume of 501,420. The firm’s fifty day moving average price is $9.31 and its 200-day moving average price is $9.04. The stock has a market cap of $980.09 million, a price-to-earnings ratio of 7.76 and a beta of 0.63. Barings BDC, Inc. has a 12 month low of $6.96 and a 12 month high of $9.89. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.17 and a current ratio of 0.17.

Barings BDC (NYSE:BBDC) last announced its quarterly earnings results on Friday, February 23rd. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.01. Barings BDC had a net margin of 44.26% and a return on equity of 10.63%. The company had revenue of $75.85 million during the quarter, compared to the consensus estimate of $71.25 million. During the same period in the prior year, the business earned $0.34 earnings per share. As a group, sell-side analysts forecast that Barings BDC, Inc. will post 1.21 earnings per share for the current year.

Barings BDC Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 13th. Shareholders of record on Wednesday, March 6th were given a $0.26 dividend. The ex-dividend date was Tuesday, March 5th. This represents a $1.04 annualized dividend and a yield of 11.26%. Barings BDC’s dividend payout ratio is presently 87.39%.

Analysts Set New Price Targets

Separately, Wells Fargo & Company boosted their price target on Barings BDC from $8.50 to $8.75 and gave the stock an “equal weight” rating in a report on Monday, January 29th.

About Barings BDC

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.