Barings Bdc, Inc. $BBDC Shares Acquired by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. increased its position in Barings Bdc, Inc. (NYSE:BBDC) by 66.8% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 486,098 shares of the company’s stock after purchasing an additional 194,725 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.46% of Barings Bdc worth $4,258,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in Barings Bdc during the 3rd quarter worth approximately $88,000. State of Alaska Department of Revenue acquired a new stake in shares of Barings Bdc in the third quarter valued at approximately $38,000. Ethos Financial Group LLC grew its position in shares of Barings Bdc by 18.8% during the third quarter. Ethos Financial Group LLC now owns 86,645 shares of the company’s stock worth $759,000 after acquiring an additional 13,721 shares during the last quarter. CWA Asset Management Group LLC acquired a new position in shares of Barings Bdc in the 3rd quarter valued at $95,000. Finally, Wealth Management Partners LLC purchased a new stake in Barings Bdc in the 3rd quarter valued at $92,000. 44.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have issued reports on BBDC. Weiss Ratings reissued a “hold (c+)” rating on shares of Barings Bdc in a research report on Monday, December 29th. Wells Fargo & Company decreased their target price on shares of Barings Bdc from $10.00 to $9.50 and set an “overweight” rating for the company in a research note on Monday, November 10th. Finally, Keefe, Bruyette & Woods lowered their price target on Barings Bdc from $10.00 to $9.50 and set a “market perform” rating on the stock in a report on Monday, November 10th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Barings Bdc has an average rating of “Moderate Buy” and a consensus price target of $9.67.

Barings Bdc Stock Down 0.5%

BBDC stock opened at $9.23 on Monday. Barings Bdc, Inc. has a one year low of $7.66 and a one year high of $10.85. The stock has a market capitalization of $970.63 million, a PE ratio of 9.52 and a beta of 0.61. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.10 and a current ratio of 0.10. The company has a fifty day moving average of $8.98 and a 200-day moving average of $9.14.

Barings Bdc (NYSE:BBDC) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.05. The business had revenue of $72.40 million for the quarter, compared to analyst estimates of $69.71 million. Barings Bdc had a net margin of 36.01% and a return on equity of 10.11%. During the same period in the previous year, the business posted $0.29 earnings per share. As a group, analysts expect that Barings Bdc, Inc. will post 1.13 EPS for the current year.

About Barings Bdc

Barings BDC Inc (NYSE: BBDC) is a closed-end, externally managed business development company that provides flexible financing solutions to middle-market companies. As an investment vehicle organized under the Investment Company Act of 1940, BBDC seeks to generate both current income and capital appreciation by investing primarily in senior secured loans, second lien loans, mezzanine debt and equity co-investments. The company targets established businesses across a diverse range of industries, including healthcare, industrials, consumer products and business services.

The company is sponsored and managed by Barings LLC, a global investment manager and subsidiary of Massachusetts Mutual Life Insurance Company (MassMutual).