Van ECK Associates Corp Has $19.68 Million Stake in Barings Bdc, Inc. $BBDC

Van ECK Associates Corp raised its stake in Barings Bdc, Inc. (NYSE:BBDCFree Report) by 26.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,309,564 shares of the company’s stock after acquiring an additional 484,649 shares during the quarter. Van ECK Associates Corp owned approximately 2.21% of Barings Bdc worth $19,677,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Financial Gravity Asset Management Inc. increased its position in Barings Bdc by 7.4% during the 4th quarter. Financial Gravity Asset Management Inc. now owns 19,761 shares of the company’s stock worth $181,000 after purchasing an additional 1,369 shares in the last quarter. Ausdal Financial Partners Inc. lifted its stake in Barings Bdc by 5.0% in the 2nd quarter. Ausdal Financial Partners Inc. now owns 29,403 shares of the company’s stock valued at $269,000 after purchasing an additional 1,408 shares during the last quarter. Creative Planning boosted its position in Barings Bdc by 5.1% in the third quarter. Creative Planning now owns 29,375 shares of the company’s stock valued at $257,000 after buying an additional 1,432 shares in the last quarter. Farther Finance Advisors LLC boosted its position in Barings Bdc by 65.6% in the fourth 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 in the last quarter. Finally, Sigma Planning Corp grew its stake in shares of Barings Bdc by 6.2% during the fourth quarter. Sigma Planning Corp now owns 30,301 shares of the company’s stock worth $278,000 after buying an additional 1,764 shares during the last quarter. 44.09% of the stock is currently owned by institutional investors and hedge funds.

Barings Bdc Price Performance

BBDC stock opened at $9.35 on Monday. The company has a market capitalization of $979.04 million, a P/E ratio of 11.27 and a beta of 0.58. The company has a fifty day moving average price of $8.72 and a 200-day moving average price of $8.63. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.09 and a current ratio of 0.09. Barings Bdc, Inc. has a 52-week low of $7.96 and a 52-week high of $9.92.

Barings Bdc (NYSE:BBDCGet Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.03. The business had revenue of $54.58 million during the quarter, compared to the consensus estimate of $60.10 million. Barings Bdc had a return on equity of 10.07% and a net margin of 32.73%.During the same period in the prior year, the business posted $0.28 earnings per share. As a group, equities analysts expect that Barings Bdc, Inc. will post 1.04 EPS for the current year.

Barings Bdc Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Wednesday, September 2nd will be paid a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, September 2nd. This represents a $1.04 annualized dividend and a dividend yield of 11.1%. Barings Bdc’s dividend payout ratio is presently 125.30%.

Insider Activity

In related news, CEO Thomas Mcdonnell acquired 10,000 shares of the stock in a transaction dated Wednesday, June 3rd. The stock was bought at an average cost of $8.27 per share, for a total transaction of $82,700.00. Following the completion of the transaction, the chief executive officer directly owned 26,000 shares of the company’s stock, valued at $215,020. The trade was a 62.50% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on BBDC shares. Zacks Research cut Barings Bdc from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. Weiss Ratings cut Barings Bdc from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, June 16th. Finally, Wells Fargo & Company lifted their price target on Barings Bdc from $9.50 to $10.00 and gave the company an “overweight” rating in a research note on Monday, August 10th. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $9.75.

Check Out Our Latest Analysis on BBDC

About Barings Bdc

(Free Report)

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).

See Also

Institutional Ownership by Quarter for Barings Bdc (NYSE:BBDC)

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