Callodine Capital Management LP Sells 253,270 Shares of Barings BDC, Inc. (NYSE:BBDC)

Callodine Capital Management LP trimmed its position in Barings BDC, Inc. (NYSE:BBDC - Free Report) by 45.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 300,000 shares of the company's stock after selling 253,270 shares during the period. Callodine Capital Management LP owned 0.28% of Barings BDC worth $2,871,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of BBDC. JPMorgan Chase & Co. raised its position in Barings BDC by 393.7% in the third quarter. JPMorgan Chase & Co. now owns 2,582 shares of the company's stock valued at $25,000 after purchasing an additional 2,059 shares during the last quarter. Lee Danner & Bass Inc. acquired a new stake in Barings BDC during the 4th quarter valued at approximately $25,000. Nomura Asset Management Co. Ltd. raised its holdings in Barings BDC by 276.3% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 10,144 shares of the company's stock worth $97,000 after purchasing an additional 7,448 shares during the last quarter. Entropy Technologies LP acquired a new position in shares of Barings BDC in the 4th quarter worth approximately $98,000. Finally, MML Investors Services LLC bought a new stake in shares of Barings BDC in the 3rd quarter valued at $99,000. Institutional investors and hedge funds own 44.09% of the company's stock.

Barings BDC Stock Up 0.6 %

Shares of BBDC stock traded up $0.05 on Wednesday, reaching $8.72. 128,073 shares of the company were exchanged, compared to its average volume of 452,026. The company has a 50-day moving average of $9.42 and a 200-day moving average of $9.66. Barings BDC, Inc. has a one year low of $7.66 and a one year high of $10.85. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.14 and a quick ratio of 0.14. The company has a market cap of $919.17 million, a price-to-earnings ratio of 8.38 and a beta of 0.56.

Barings BDC (NYSE:BBDC - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $69.35 million. Analysts anticipate that Barings BDC, Inc. will post 1.13 earnings per share for the current year.

Barings BDC Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, March 5th were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 11.93%. The ex-dividend date of this dividend was Wednesday, March 5th. Barings BDC's payout ratio is presently 100.00%.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods cut their target price on Barings BDC from $10.50 to $9.50 and set a "market perform" rating on the stock in a research report on Tuesday, April 8th.

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.