Advisors Asset Management Inc. Raises Stock Holdings in Barings BDC, Inc. (NYSE:BBDC)

Advisors Asset Management Inc. lifted its holdings in shares of Barings BDC, Inc. (NYSE:BBDC - Free Report) by 7.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 377,868 shares of the company's stock after purchasing an additional 27,209 shares during the period. Advisors Asset Management Inc. owned about 0.36% of Barings BDC worth $3,616,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in BBDC. JPMorgan Chase & Co. grew its holdings 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 during the last quarter. Nomura Asset Management Co. Ltd. bought a new stake in Barings BDC in the 3rd quarter worth $26,000. Entropy Technologies LP purchased a new position in shares of Barings BDC in the fourth quarter valued at about $98,000. MML Investors Services LLC bought a new position in shares of Barings BDC during the third quarter valued at about $99,000. Finally, Centaurus Financial Inc. purchased a new stake in shares of Barings BDC during the third quarter worth about $99,000. Hedge funds and other institutional investors own 44.09% of the company's stock.

Barings BDC Trading Up 0.6 %

Shares of NYSE BBDC traded up $0.06 during trading hours on Tuesday, hitting $9.64. The company's stock had a trading volume of 374,728 shares, compared to its average volume of 432,850. Barings BDC, Inc. has a 12 month low of $8.95 and a 12 month high of $10.85. The stock has a market cap of $1.02 billion, a price-to-earnings ratio of 9.27 and a beta of 0.66. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.14 and a current ratio of 0.14. The business has a 50-day simple moving average of $9.94 and a 200-day simple moving average of $9.83.

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Barings BDC (NYSE:BBDC - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.28 earnings per share for the quarter, missing analysts' consensus estimates of $0.29 by ($0.01). The business had revenue of $70.63 million during the quarter, compared to the consensus estimate of $69.35 million. Barings BDC had a return on equity of 10.94% and a net margin of 38.54%. On average, analysts anticipate that Barings BDC, Inc. will post 1.13 earnings per share for the current fiscal year.

Barings BDC Announces Dividend

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 yield of 10.79%. Barings BDC's dividend payout ratio (DPR) is presently 100.00%.

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.