Harbor Capital Advisors Inc. Acquires 442,621 Shares of Barings BDC, Inc. (NYSE:BBDC)

Harbor Capital Advisors Inc. increased its holdings in Barings BDC, Inc. (NYSE:BBDC) by 148.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 740,559 shares of the company’s stock after acquiring an additional 442,621 shares during the period. Harbor Capital Advisors Inc.’s holdings in Barings BDC were worth $7,257,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Van ECK Associates Corp lifted its stake in Barings BDC by 17.7% during the 2nd quarter. Van ECK Associates Corp now owns 2,138,487 shares of the company’s stock valued at $20,808,000 after acquiring an additional 321,638 shares in the last quarter. Steel Grove Capital Advisors LLC purchased a new position in Barings BDC during the first quarter worth about $1,080,000. BI Asset Management Fondsmaeglerselskab A S grew 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 in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in Barings BDC in the 2nd quarter valued at about $731,000. Finally, SG Americas Securities LLC purchased a new stake in Barings BDC in the 1st quarter valued at about $454,000. Institutional investors own 44.09% of the company’s stock.

Barings BDC Trading Down 0.8 %

Shares of Barings BDC stock opened at $9.59 on Friday. The firm has a market cap of $1.01 billion, a PE ratio of 9.22 and a beta of 0.67. Barings BDC, Inc. has a 1 year low of $8.55 and a 1 year high of $10.27. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.12 and a quick ratio of 0.12. The stock has a fifty day moving average price of $9.83 and a 200-day moving average price of $9.80.

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

Barings BDC Dividend Announcement

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

Analysts Set New Price Targets

Separately, Wells Fargo & Company boosted their target price on Barings BDC from $9.00 to $9.50 and gave the stock 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.