Van ECK Associates Corp Has $20.81 Million Position in Barings BDC, Inc. (NYSE:BBDC)

Van ECK Associates Corp raised its position in shares of Barings BDC, Inc. (NYSE:BBDC - Free Report) by 17.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,138,487 shares of the company's stock after purchasing an additional 321,638 shares during the period. Van ECK Associates Corp owned 2.02% of Barings BDC worth $20,808,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mather Group LLC. purchased a new stake in shares of Barings BDC during the 1st quarter worth about $43,000. Pineridge Advisors LLC purchased a new stake in shares of Barings BDC during the 4th quarter worth about $53,000. Tucker Asset Management LLC bought a new position in shares of Barings BDC in the 4th quarter valued at approximately $80,000. EntryPoint Capital LLC raised its stake in shares of Barings BDC by 121.0% in the 1st quarter. EntryPoint Capital LLC now owns 9,141 shares of the company's stock valued at $85,000 after acquiring an additional 5,005 shares in the last quarter. Finally, Soltis Investment Advisors LLC bought a new position in shares of Barings BDC in the 1st quarter valued at approximately $108,000. 44.09% of the stock is owned by hedge funds and other institutional investors.

Barings BDC Stock Performance

Shares of BBDC stock traded up $0.04 during trading on Friday, reaching $10.05. The company had a trading volume of 384,118 shares, compared to its average volume of 422,345. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.12 and a quick ratio of 0.12. The firm's 50 day simple moving average is $9.93 and its two-hundred day simple moving average is $9.65. The company has a market capitalization of $1.06 billion, a PE ratio of 8.17 and a beta of 0.67. Barings BDC, Inc. has a one year low of $8.55 and a one year high of $10.27.

Barings BDC (NYSE:BBDC - Get Free Report) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.30 by $0.10. The company had revenue of $74.89 million for the quarter, compared to the consensus estimate of $70.75 million. Barings BDC had a return on equity of 11.49% and a net margin of 38.32%. During the same period in the previous year, the business posted $0.31 EPS. Sell-side analysts forecast that Barings BDC, Inc. will post 1.28 earnings per share for the current year.

Barings BDC Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 11th. Shareholders of record on Wednesday, September 4th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 10.35%. The ex-dividend date of this dividend is Wednesday, September 4th. Barings BDC's dividend payout ratio is currently 84.55%.

Wall Street Analysts Forecast Growth

BBDC has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods raised their price objective on Barings BDC from $10.00 to $10.50 and gave the company a "market perform" rating in a research note on Thursday, May 23rd. Wells Fargo & Company raised their price objective on Barings BDC from $9.00 to $9.50 and gave the company an "equal weight" rating in a research note on Friday, July 26th.

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.