Cozad Asset Management Inc. Buys 2,000 Shares of Barings BDC, Inc. (NYSE:BBDC)

Cozad Asset Management Inc. lifted its holdings in Barings BDC, Inc. (NYSE:BBDC) by 14.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,874 shares of the company’s stock after purchasing an additional 2,000 shares during the quarter. Cozad Asset Management Inc.’s holdings in Barings BDC were worth $152,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. lifted its position 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 purchasing an additional 2,059 shares in the last quarter. Nomura Asset Management Co. Ltd. bought a new stake in Barings BDC during the third quarter worth $26,000. MML Investors Services LLC bought a new stake in Barings BDC during the third quarter worth $99,000. Centaurus Financial Inc. bought a new stake in Barings BDC during the third quarter worth $99,000. Finally, Entropy Technologies LP bought a new stake in Barings BDC during the fourth quarter worth $98,000. Institutional investors own 44.09% of the company’s stock.

Barings BDC Stock Performance

NYSE BBDC opened at $9.39 on Wednesday. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.37. The firm’s fifty day moving average price is $9.93 and its two-hundred day moving average price is $9.84. Barings BDC, Inc. has a 1 year low of $8.95 and a 1 year high of $10.85. The firm has a market capitalization of $989.26 million, a P/E ratio of 9.02 and a beta of 0.66.

Barings BDC (NYSE:BBDC) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.01). Barings BDC had a return on equity of 10.94% and a net margin of 38.54%. The firm had revenue of $70.63 million for the quarter, compared to the consensus estimate of $69.35 million. As a group, research analysts anticipate that Barings BDC, Inc. will post 1.13 EPS for the current year.

Barings BDC Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, March 5th were issued a $0.26 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $1.04 annualized dividend and a dividend yield of 11.08%. Barings BDC’s dividend payout ratio is currently 100.00%.

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.