UBS Group AG boosted its position in Barings Bdc, Inc. (NYSE:BBDC – Free Report) by 23.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,493,751 shares of the company’s stock after buying an additional 285,272 shares during the period. UBS Group AG owned approximately 1.42% of Barings Bdc worth $13,713,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of BBDC. Goldman Sachs Group Inc. purchased a new position in Barings Bdc in the 1st quarter valued at $106,000. Caxton Associates LLP purchased a new stake in Barings Bdc in the 1st quarter valued at approximately $216,000. Cetera Investment Advisers boosted its holdings in Barings Bdc by 8.9% in the 2nd quarter. Cetera Investment Advisers now owns 82,171 shares of the company’s stock valued at $751,000 after purchasing an additional 6,681 shares in the last quarter. Quantbot Technologies LP purchased a new stake in Barings Bdc in the 2nd quarter valued at approximately $236,000. Finally, Invesco Ltd. boosted its holdings in Barings Bdc by 1.3% in the 2nd quarter. Invesco Ltd. now owns 1,120,093 shares of the company’s stock valued at $10,238,000 after purchasing an additional 14,377 shares in the last quarter. 44.09% of the stock is currently owned by hedge funds and other institutional investors.
Barings Bdc Price Performance
Barings Bdc stock opened at $8.63 on Friday. Barings Bdc, Inc. has a 52 week low of $7.96 and a 52 week high of $9.92. The company has a quick ratio of 0.10, a current ratio of 0.12 and a debt-to-equity ratio of 0.25. The firm’s 50-day simple moving average is $8.51 and its 200 day simple moving average is $8.83. The firm has a market capitalization of $903.12 million, a PE ratio of 10.15 and a beta of 0.61.
Barings Bdc Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, June 3rd will be paid a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, June 3rd. This represents a $1.04 dividend on an annualized basis and a yield of 12.1%. Barings Bdc’s dividend payout ratio is presently 122.35%.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on BBDC. Weiss Ratings lowered Barings Bdc from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 8th. Lucid Cap Mkts upgraded shares of Barings Bdc to a “hold” rating in a research report on Tuesday, April 28th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $9.67.
View Our Latest 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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