Barings BDC, Inc. (NYSE:BBDC) Position Boosted by Muzinich & Co. Inc.

Muzinich & Co. Inc. raised its stake in Barings BDC, Inc. (NYSE:BBDC) by 38.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 252,518 shares of the company’s stock after buying an additional 70,722 shares during the quarter. Barings BDC accounts for about 1.7% of Muzinich & Co. Inc.’s holdings, making the stock its 17th biggest position. Muzinich & Co. Inc. owned approximately 0.24% of Barings BDC worth $2,475,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BBDC. SG Americas Securities LLC purchased a new stake in shares of Barings BDC during the first quarter worth $454,000. ProShare Advisors LLC lifted its holdings in shares of Barings BDC by 15.3% during the 1st quarter. ProShare Advisors LLC now owns 13,794 shares of the company’s stock valued at $128,000 after buying an additional 1,835 shares during the last quarter. Crewe Advisors LLC bought a new stake in shares of Barings BDC in the 1st quarter valued at approximately $147,000. EntryPoint Capital LLC increased its holdings in Barings BDC by 121.0% in the first quarter. EntryPoint Capital LLC now owns 9,141 shares of the company’s stock worth $85,000 after buying an additional 5,005 shares during the last quarter. Finally, CreativeOne Wealth LLC acquired a new position in Barings BDC in the first quarter worth approximately $329,000. Hedge funds and other institutional investors own 44.09% of the company’s stock.

Barings BDC Stock Performance

Shares of NYSE BBDC opened at $9.95 on Friday. The business’s 50-day simple moving average is $9.78 and its 200-day simple moving average is $9.83. Barings BDC, Inc. has a 52 week low of $8.55 and a 52 week high of $10.27. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.11 and a current ratio of 0.11. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of 9.21 and a beta of 0.67.

Barings BDC (NYSE:BBDC) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.01). The firm had revenue of $70.85 million for the quarter, compared to the consensus estimate of $70.48 million. Barings BDC had a return on equity of 11.24% and a net margin of 39.59%. During the same period in the prior year, the company posted $0.31 earnings per share. As a group, equities research analysts expect that Barings BDC, Inc. will post 1.25 earnings per share for the current fiscal year.

Barings BDC Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Wednesday, December 4th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 10.45%. The ex-dividend date of this dividend is Wednesday, December 4th. Barings BDC’s dividend payout ratio is currently 96.30%.

Analysts Set New Price Targets

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

About Barings BDC

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.