Icon Advisers Inc. Co. Acquires New Position in Barings BDC, Inc. (NYSE:BBDC)

Icon Advisers Inc. Co. purchased a new stake in shares of Barings BDC, Inc. (NYSE:BBDC - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 269,302 shares of the company's stock, valued at approximately $2,577,000. Icon Advisers Inc. Co. owned approximately 0.26% of Barings BDC as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of BBDC. JPMorgan Chase & Co. raised its holdings in shares of Barings BDC by 393.7% during the 3rd 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 in the last quarter. Lee Danner & Bass Inc. acquired a new stake in shares of Barings BDC in the fourth quarter worth about $25,000. Nomura Asset Management Co. Ltd. bought a new stake in shares of Barings BDC during the 3rd quarter worth about $26,000. Entropy Technologies LP acquired a new position in shares of Barings BDC during the 4th quarter valued at about $98,000. Finally, MML Investors Services LLC acquired a new position in shares of Barings BDC during the 3rd quarter valued at about $99,000. 44.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Barings BDC Stock Performance

BBDC traded up $0.13 during midday trading on Friday, reaching $8.68. The company's stock had a trading volume of 440,144 shares, compared to its average volume of 454,537. 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 company has a fifty day simple moving average of $9.48 and a 200 day simple moving average of $9.68. The stock has a market cap of $914.42 million, a P/E ratio of 8.34 and a beta of 0.56. Barings BDC, Inc. has a twelve month low of $7.66 and a twelve month high of $10.85.

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

Barings BDC Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, March 5th were paid a $0.26 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 11.99%. Barings BDC's dividend payout ratio (DPR) is presently 100.00%.

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.