Mackenzie Financial Corp Reduces Stock Position in Barings BDC, Inc. (NYSE:BBDC)

Mackenzie Financial Corp lessened its position in shares of Barings BDC, Inc. (NYSE:BBDCGet Rating) by 37.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 79,150 shares of the company’s stock after selling 47,397 shares during the period. Mackenzie Financial Corp owned approximately 0.07% of Barings BDC worth $737,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of BBDC. Victory Capital Management Inc. purchased a new stake in shares of Barings BDC in the 1st quarter valued at $160,000. Commonwealth Equity Services LLC purchased a new stake in shares of Barings BDC in the 1st quarter valued at $1,099,000. Western Wealth Management LLC purchased a new stake in shares of Barings BDC in the 1st quarter valued at $266,000. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Barings BDC in the 1st quarter valued at $693,000. Finally, Tyler Stone Wealth Management purchased a new stake in shares of Barings BDC in the 1st quarter valued at $104,000. Institutional investors own 48.53% of the company’s stock.

Barings BDC Trading Down 1.5 %

NYSE:BBDC opened at $9.12 on Friday. The company has a 50-day moving average price of $8.76 and a 200-day moving average price of $9.48. Barings BDC, Inc. has a 12 month low of $7.89 and a 12 month high of $11.28. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.53. The stock has a market cap of $992.53 million, a price-to-earnings ratio of 31.45 and a beta of 0.65.

Barings BDC Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 14th. Stockholders of record on Wednesday, December 7th will be given a $0.24 dividend. The ex-dividend date of this dividend is Tuesday, December 6th. This represents a $0.96 annualized dividend and a dividend yield of 10.53%. Barings BDC’s dividend payout ratio is 331.03%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on BBDC shares. TheStreet cut shares of Barings BDC from a “b” rating to a “c” rating in a research note on Monday, August 22nd. Raymond James dropped their price target on shares of Barings BDC from $11.50 to $11.00 and set an “outperform” rating for the company in a research report on Monday. Wells Fargo & Company increased their price target on shares of Barings BDC from $9.00 to $10.00 and gave the company an “overweight” rating in a research report on Monday, November 14th. Finally, Keefe, Bruyette & Woods cut shares of Barings BDC from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $10.50 to $10.00 in a research report on Monday, November 14th.

About Barings BDC

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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.

Further Reading

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

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