Advisors Asset Management Inc. Has $3.38 Million Stock Position in Barings BDC, Inc. (NYSE:BBDC)

Advisors Asset Management Inc. boosted its holdings in shares of Barings BDC, Inc. (NYSE:BBDC) by 6.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 363,319 shares of the company’s stock after buying an additional 20,846 shares during the period. Advisors Asset Management Inc. owned approximately 0.34% of Barings BDC worth $3,379,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of BBDC. Confluence Investment Management LLC acquired a new position in Barings BDC during the first quarter valued at $4,666,000. Privium Fund Management UK Ltd acquired a new position in Barings BDC in the 4th quarter worth about $1,533,000. Van ECK Associates Corp increased its position in Barings BDC by 10.5% in the 4th quarter. Van ECK Associates Corp now owns 1,691,132 shares of the company’s stock worth $14,510,000 after purchasing an additional 161,127 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S increased its position in Barings BDC by 59.0% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 296,548 shares of the company’s stock worth $2,758,000 after purchasing an additional 110,037 shares during the last quarter. Finally, HighPoint Advisor Group LLC acquired a new position in Barings BDC in the 4th quarter worth about $815,000. 44.09% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Barings BDC

In other Barings BDC news, insider Michael Freno bought 27,500 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The stock was purchased at an average price of $9.73 per share, for a total transaction of $267,575.00. Following the purchase, the insider now directly owns 71,145 shares in the company, valued at $692,240.85. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.45% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

BBDC has been the topic of several research reports. Keefe, Bruyette & Woods upped their target price on Barings BDC from $10.00 to $10.50 and gave the stock a “market perform” rating in a research report on Thursday, May 23rd. Wells Fargo & Company upped their target price on Barings BDC from $9.00 to $9.50 and gave the stock an “equal weight” rating in a research report on Friday.

Barings BDC Stock Up 1.6 %

Shares of BBDC traded up $0.15 during trading hours on Friday, hitting $10.15. 372,890 shares of the company were exchanged, compared to its average volume of 448,381. The company has a market cap of $1.07 billion, a PE ratio of 8.11 and a beta of 0.67. The firm’s 50 day moving average is $9.88 and its 200-day moving average is $9.46. Barings BDC, Inc. has a 52 week low of $8.23 and a 52 week high of $10.27. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.11 and a current ratio of 0.11.

Barings BDC (NYSE:BBDC) last released its quarterly earnings results on Saturday, May 4th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.02). The company had revenue of $69.81 million for the quarter, compared to the consensus estimate of $72.38 million. Barings BDC had a return on equity of 10.77% and a net margin of 45.35%. During the same quarter last year, the company posted $0.25 EPS. On average, equities research analysts forecast that Barings BDC, Inc. will post 1.17 EPS for the current fiscal year.

Barings BDC Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 12th. Stockholders of record on Wednesday, June 5th were paid a dividend of $0.26 per share. The ex-dividend date of this dividend was Wednesday, June 5th. This represents a $1.04 annualized dividend and a dividend yield of 10.25%. Barings BDC’s dividend payout ratio (DPR) is presently 84.55%.

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.