Mercer Global Advisors Inc. ADV Takes Position in Barings BDC, Inc. (NYSE:BBDC)

Mercer Global Advisors Inc. ADV purchased a new position in shares of Barings BDC, Inc. (NYSE:BBDC) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,881 shares of the company’s stock, valued at approximately $106,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Asset Dedication LLC acquired a new stake in Barings BDC in the 2nd quarter valued at about $36,000. Mather Group LLC. acquired a new stake in shares of Barings BDC in the first quarter valued at approximately $43,000. Pineridge Advisors LLC purchased a new position in Barings BDC during the fourth quarter worth approximately $53,000. Tucker Asset Management LLC acquired a new position in Barings BDC during the fourth quarter worth $80,000. Finally, EntryPoint Capital LLC grew its holdings in Barings BDC by 121.0% in the 1st quarter. EntryPoint Capital LLC now owns 9,141 shares of the company’s stock valued at $85,000 after buying an additional 5,005 shares in the last quarter. 44.09% of the stock is owned by hedge funds and other institutional investors.

Barings BDC Price Performance

BBDC stock opened at $9.70 on Wednesday. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.29. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of 7.89 and a beta of 0.67. The business has a 50 day moving average price of $9.90 and a 200 day moving average price of $9.71. Barings BDC, Inc. has a fifty-two week low of $8.55 and a fifty-two week high of $10.27.

Barings BDC (NYSE:BBDC) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.10. The company had revenue of $74.89 million for the quarter, compared to analysts’ expectations of $70.75 million. Barings BDC had a net margin of 38.32% and a return on equity of 11.49%. During the same period in the previous year, the company posted $0.31 EPS. Equities research analysts anticipate that Barings BDC, Inc. will post 1.28 earnings per share for the current fiscal year.

Barings BDC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Wednesday, September 4th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 10.72%. The ex-dividend date of this dividend was Wednesday, September 4th. Barings BDC’s dividend payout ratio (DPR) is 84.55%.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company increased their price target on shares of Barings BDC from $9.00 to $9.50 and gave the company an “equal weight” rating in a research note on Friday, July 26th.

Barings BDC Profile

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.