Ameriprise Financial Inc. Acquires 3,239 Shares of Barings BDC, Inc. (NYSE:BBDC)

Ameriprise Financial Inc. lifted its stake in Barings BDC, Inc. (NYSE:BBDC) by 3.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 86,757 shares of the company’s stock after purchasing an additional 3,239 shares during the quarter. Ameriprise Financial Inc. owned 0.08% of Barings BDC worth $830,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its stake in shares of Barings BDC by 393.7% in the third quarter. JPMorgan Chase & Co. now owns 2,582 shares of the company’s stock worth $25,000 after buying an additional 2,059 shares in the last quarter. Lee Danner & Bass Inc. bought a new position in shares of Barings BDC in the fourth quarter worth approximately $25,000. Nomura Asset Management Co. Ltd. raised its position in Barings BDC by 276.3% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 10,144 shares of the company’s stock worth $97,000 after buying an additional 7,448 shares during the last quarter. Entropy Technologies LP purchased a new position in Barings BDC in the 4th quarter worth about $98,000. Finally, Mariner LLC purchased a new position in Barings BDC in the 4th quarter worth about $105,000. Institutional investors own 44.09% of the company’s stock.

Insider Activity at Barings BDC

In other news, CEO Eric J. Lloyd purchased 34,375 shares of the company’s stock in a transaction dated Monday, May 19th. The shares were acquired at an average price of $9.12 per share, with a total value of $313,500.00. Following the transaction, the chief executive officer now owns 73,569 shares of the company’s stock, valued at $670,949.28. This represents a 87.70% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President Matthew Freund purchased 3,522 shares of the company’s stock in a transaction dated Monday, May 19th. The shares were purchased at an average cost of $9.07 per share, for a total transaction of $31,944.54. Following the transaction, the president now directly owns 20,002 shares in the company, valued at approximately $181,418.14. This represents a 21.37% increase in their position. The disclosure for this purchase can be found here. 0.52% of the stock is currently owned by insiders.

Barings BDC Price Performance

NYSE BBDC opened at $9.25 on Tuesday. Barings BDC, Inc. has a 52 week low of $7.66 and a 52 week high of $10.85. The firm has a market capitalization of $974.51 million, a P/E ratio of 8.89 and a beta of 0.73. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.37. The company has a 50-day moving average price of $8.84 and a 200-day moving average price of $9.50.

Barings BDC (NYSE:BBDC) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.03). The business had revenue of $64.44 million during the quarter, compared to the consensus estimate of $67.78 million. Barings BDC had a return on equity of 10.94% and a net margin of 38.54%. The company’s revenue for the quarter was down 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.28 earnings per share. Equities research analysts anticipate that Barings BDC, Inc. will post 1.13 earnings per share for the current year.

Barings BDC Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Wednesday, June 4th will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 11.25%. Barings BDC’s payout ratio is presently 110.64%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on BBDC shares. Wells Fargo & Company raised Barings BDC from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $8.50 to $9.50 in a research report on Wednesday, May 28th. Bank of America decreased their target price on Barings BDC from $11.00 to $10.00 and set a “buy” rating for the company in a research report on Monday, May 19th. Finally, Keefe, Bruyette & Woods decreased their target price on Barings BDC from $10.50 to $9.50 and set a “market perform” rating for the company in a research report on Tuesday, April 8th.

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.