Mirae Asset Global Investments Co. Ltd. Lowers Holdings in Barings BDC, Inc. (NYSE:BBDC)

Mirae Asset Global Investments Co. Ltd. lowered its position in shares of Barings BDC, Inc. (NYSE:BBDC) by 61.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,525 shares of the company’s stock after selling 18,621 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Barings BDC were worth $99,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Van ECK Associates Corp increased its position in Barings BDC by 5.3% during the 3rd quarter. Van ECK Associates Corp now owns 1,530,005 shares of the company’s stock valued at $13,632,000 after purchasing an additional 76,390 shares during the period. Dimension Capital Management LLC raised its stake in Barings BDC by 7.3% in the third quarter. Dimension Capital Management LLC now owns 807,564 shares of the company’s stock worth $7,195,000 after buying an additional 55,232 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in Barings BDC by 3.1% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 655,932 shares of the company’s stock worth $5,844,000 after buying an additional 19,909 shares during the period. Advisors Asset Management Inc. boosted its position in Barings BDC by 6.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 395,948 shares of the company’s stock valued at $3,528,000 after acquiring an additional 23,655 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. raised its position in shares of Barings BDC by 35.9% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 379,703 shares of the company’s stock worth $3,383,000 after acquiring an additional 100,287 shares in the last quarter. 44.09% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Barings BDC Trading Up 0.9 %

NYSE BBDC opened at $9.32 on Monday. Barings BDC, Inc. has a 52 week low of $6.96 and a 52 week high of $9.89. The company has a 50 day moving average price of $9.33 and a 200 day moving average price of $9.05. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.60. The firm has a market cap of $988.57 million, a PE ratio of 7.83 and a beta of 0.63.

Barings BDC (NYSE:BBDC) last released 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 business had revenue of $75.85 million for the quarter, compared to analyst estimates of $71.25 million. During the same period in the previous year, the company earned $0.34 earnings per share. As a group, sell-side analysts forecast that Barings BDC, Inc. will post 1.21 EPS for the current fiscal year.

Barings BDC Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Wednesday, March 6th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 11.16%. The ex-dividend date was Tuesday, March 5th. Barings BDC’s dividend payout ratio is presently 87.39%.

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.