Muzinich & Co. Inc. Has $2.48 Million Holdings in Barings BDC, Inc. (NYSE:BBDC)

Muzinich & Co. Inc. lifted its stake in shares of Barings BDC, Inc. (NYSE:BBDC - Free Report) by 38.9% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 252,518 shares of the company's stock after buying an additional 70,722 shares during the quarter. Barings BDC comprises about 1.7% of Muzinich & Co. Inc.'s portfolio, making the stock its 17th largest holding. Muzinich & Co. Inc. owned approximately 0.24% of Barings BDC worth $2,475,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. nVerses Capital LLC boosted its holdings in shares of Barings BDC by 50.0% during the third quarter. nVerses Capital LLC now owns 3,300 shares of the company's stock worth $32,000 after acquiring an additional 1,100 shares during the period. Asset Dedication LLC acquired a new position in shares of Barings BDC in the second quarter valued at about $36,000. EntryPoint Capital LLC increased its position in Barings BDC by 121.0% during the first quarter. EntryPoint Capital LLC now owns 9,141 shares of the company's stock worth $85,000 after acquiring an additional 5,005 shares during the period. Ashton Thomas Private Wealth LLC acquired a new stake in Barings BDC in the 2nd quarter worth about $86,000. Finally, Advisory Alpha LLC acquired a new position in shares of Barings BDC during the 2nd quarter worth approximately $99,000. Institutional investors own 44.09% of the company's stock.

Wall Street Analysts Forecast Growth

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

Barings BDC Price Performance

Barings BDC stock traded up $0.06 during trading hours on Friday, reaching $9.95. 328,450 shares of the stock were exchanged, compared to its average volume of 305,129. The stock has a 50 day moving average of $9.78 and a two-hundred day moving average of $9.83. The company has a market cap of $1.05 billion, a P/E ratio of 9.21 and a beta of 0.67. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.29. Barings BDC, Inc. has a twelve month low of $8.55 and a twelve month high of $10.27.

Barings BDC (NYSE:BBDC - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.01). The business had revenue of $70.85 million during the quarter, compared to analyst estimates of $70.48 million. Barings BDC had a net margin of 39.59% and a return on equity of 11.24%. During the same period last year, the business earned $0.31 earnings per share. Equities analysts expect that Barings BDC, Inc. will post 1.25 EPS for the current fiscal year.

Barings BDC Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Wednesday, December 4th will be issued a dividend of $0.26 per share. 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 (DPR) is 96.30%.

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.