1,083,119 Shares in Barings BDC, Inc. (NYSE:BBDC) Acquired by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC acquired a new position in shares of Barings BDC, Inc. (NYSE:BBDC - Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 1,083,119 shares of the company's stock, valued at approximately $10,549,000. Kovitz Investment Group Partners LLC owned 1.03% of Barings BDC as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. nVerses Capital LLC raised its holdings in shares of Barings BDC by 50.0% during the 3rd quarter. nVerses Capital LLC now owns 3,300 shares of the company's stock valued at $32,000 after buying an additional 1,100 shares during the period. Asset Dedication LLC purchased a new stake in shares of Barings BDC during the second quarter valued at approximately $36,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of Barings BDC during the second quarter worth $86,000. Advisory Alpha LLC acquired a new position in shares of Barings BDC during the second quarter worth $99,000. Finally, Centaurus Financial Inc. purchased a new position in shares of Barings BDC in the third quarter valued at $99,000. Institutional investors and hedge funds own 44.09% of the company's stock.

Barings BDC Stock Up 0.3 %

NYSE:BBDC traded up $0.03 on Friday, reaching $9.76. The stock had a trading volume of 742,361 shares, compared to its average volume of 404,172. The company has a 50-day moving average of $9.85 and a 200 day moving average of $9.88. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.29. The stock has a market cap of $1.03 billion, a P/E ratio of 9.04 and a beta of 0.68. Barings BDC, Inc. has a 12-month low of $8.55 and a 12-month high of $10.38.

Barings BDC (NYSE:BBDC - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.01). The business had revenue of $70.85 million for the quarter, compared to analysts' expectations of $70.48 million. Barings BDC had a return on equity of 11.24% and a net margin of 39.59%. During the same quarter in the prior year, the firm earned $0.31 earnings per share. On average, research analysts predict that Barings BDC, Inc. will post 1.24 earnings per share for the current year.

Barings BDC Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Wednesday, December 4th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 10.66%. The ex-dividend date of this dividend is Wednesday, December 4th. Barings BDC's payout ratio is currently 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.