International Assets Investment Management LLC Makes New Investment in Barings BDC, Inc. (NYSE:BBDC)

International Assets Investment Management LLC bought a new position in Barings BDC, Inc. (NYSE:BBDC) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 16,660 shares of the company’s stock, valued at approximately $1,700,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Harbor Capital Advisors Inc. grew its holdings in Barings BDC by 273.4% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 297,938 shares of the company’s stock worth $2,899,000 after acquiring an additional 218,146 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S increased its holdings in Barings BDC by 59.0% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 296,548 shares of the company’s stock valued at $2,758,000 after buying an additional 110,037 shares during the period. Van ECK Associates Corp raised its stake in Barings BDC by 17.7% in the second quarter. Van ECK Associates Corp now owns 2,138,487 shares of the company’s stock worth $20,808,000 after buying an additional 321,638 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in Barings BDC during the second quarter worth $731,000. Finally, SG Americas Securities LLC bought a new stake in Barings BDC during the 1st quarter valued at $454,000. Institutional investors own 44.09% of the company’s stock.

Analyst Ratings Changes

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

Barings BDC Stock Down 0.8 %

Shares of Barings BDC stock opened at $9.59 on Monday. 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 company has a market cap of $1.01 billion, a P/E ratio of 9.22 and a beta of 0.67. The firm’s 50 day moving average price is $9.83 and its 200-day moving average price is $9.80. Barings BDC, Inc. has a 52-week low of $8.55 and a 52-week high of $10.27.

Barings BDC (NYSE:BBDC) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.10. Barings BDC had a net margin of 38.32% and a return on equity of 11.49%. The business had revenue of $74.89 million for the quarter, compared to analyst estimates of $70.75 million. During the same period in the previous year, the company earned $0.31 earnings per share. On average, sell-side analysts predict that Barings BDC, Inc. will post 1.28 EPS for the current fiscal year.

Barings BDC Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Shareholders of record on Wednesday, September 4th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 10.84%. The ex-dividend date was Wednesday, September 4th. Barings BDC’s dividend payout ratio (DPR) is presently 100.00%.

Barings BDC Company 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.