Private Management Group Inc. raised its stake in shares of Barings Bdc, Inc. (NYSE:BBDC – Free Report) by 14.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,765,629 shares of the company’s stock after acquiring an additional 481,172 shares during the period. Barings Bdc comprises about 1.0% of Private Management Group Inc.’s investment portfolio, making the stock its 29th biggest position. Private Management Group Inc.’s holdings in Barings Bdc were worth $34,568,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of BBDC. Farther Finance Advisors LLC raised its stake in shares of Barings Bdc by 65.6% during the 4th quarter. Farther Finance Advisors LLC now owns 3,992 shares of the company’s stock valued at $37,000 after buying an additional 1,582 shares during the last quarter. BNP Paribas Financial Markets purchased a new position in shares of Barings Bdc during the 3rd quarter valued at about $44,000. Flagship Harbor Advisors LLC purchased a new position in shares of Barings Bdc during the 4th quarter valued at about $46,000. Aquatic Capital Management LLC purchased a new position in shares of Barings Bdc during the 3rd quarter valued at about $64,000. Finally, Ameriflex Group Inc. raised its stake in shares of Barings Bdc by 100.0% during the 3rd quarter. Ameriflex Group Inc. now owns 8,182 shares of the company’s stock valued at $72,000 after buying an additional 4,091 shares during the last quarter. Hedge funds and other institutional investors own 44.09% of the company’s stock.
Insider Activity at Barings Bdc
In other Barings Bdc news, CEO Thomas Mcdonnell bought 10,000 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The shares were purchased at an average cost of $8.27 per share, for a total transaction of $82,700.00. Following the transaction, the chief executive officer directly owned 26,000 shares of the company’s stock, valued at approximately $215,020. The trade was a 62.50% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.60% of the stock is owned by company insiders.
Barings Bdc Price Performance
Barings Bdc (NYSE:BBDC – Get Free Report) last posted its earnings results on Thursday, May 7th. The company reported $0.25 EPS for the quarter, meeting analysts’ consensus estimates of $0.25. Barings Bdc had a return on equity of 10.08% and a net margin of 32.45%.The firm had revenue of $54.66 million for the quarter, compared to analysts’ expectations of $62.54 million. During the same period last year, the firm earned $0.25 EPS. As a group, equities analysts expect that Barings Bdc, Inc. will post 1 EPS for the current fiscal year.
Barings Bdc Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, June 3rd were given a dividend of $0.26 per share. The ex-dividend date was Wednesday, June 3rd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 12.4%. Barings Bdc’s dividend payout ratio (DPR) is 122.35%.
Wall Street Analyst Weigh In
A number of research firms have weighed in on BBDC. Weiss Ratings upgraded Barings Bdc from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, June 1st. Lucid Cap Mkts upgraded Barings Bdc to a “hold” rating in a research note on Tuesday, April 28th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Barings Bdc presently has a consensus rating of “Hold” and an average target price of $9.50.
View Our Latest Stock Report on BBDC
Barings Bdc 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).
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