Barings BDC, Inc. (NYSE:BBDC) Position Reduced by Dimension Capital Management LLC

Dimension Capital Management LLC lowered its position in shares of Barings BDC, Inc. (NYSE:BBDC - Free Report) by 20.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 603,990 shares of the company's stock after selling 152,734 shares during the period. Barings BDC accounts for 1.2% of Dimension Capital Management LLC's portfolio, making the stock its 20th biggest holding. Dimension Capital Management LLC owned about 0.57% of Barings BDC worth $5,877,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Steward Partners Investment Advisory LLC grew its position in Barings BDC by 67.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 24,274 shares of the company's stock valued at $208,000 after buying an additional 9,799 shares in the last quarter. Focus Financial Network Inc. ADV bought a new position in Barings BDC in the 4th quarter valued at about $386,000. Relative Value Partners Group LLC grew its position in Barings BDC by 0.8% in the 4th quarter. Relative Value Partners Group LLC now owns 1,371,488 shares of the company's stock valued at $11,767,000 after buying an additional 11,283 shares in the last quarter. Condor Capital Management grew its position in Barings BDC by 8.3% in the 4th quarter. Condor Capital Management now owns 241,708 shares of the company's stock valued at $2,074,000 after buying an additional 18,596 shares in the last quarter. Finally, Prevail Innovative Wealth Advisors LLC grew its position in Barings BDC by 2.4% in the 4th quarter. Prevail Innovative Wealth Advisors LLC now owns 287,051 shares of the company's stock valued at $2,463,000 after buying an additional 6,826 shares in the last quarter. Institutional investors own 44.09% of the company's stock.

Barings BDC Price Performance

Shares of NYSE:BBDC traded up $0.08 during trading hours on Thursday, hitting $9.83. 254,035 shares of the company's stock traded hands, compared to its average volume of 440,972. Barings BDC, Inc. has a 52 week low of $8.55 and a 52 week high of $10.27. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.12 and a current ratio of 0.12. The company's fifty day simple moving average is $9.91 and its two-hundred day simple moving average is $9.70. The company has a market cap of $1.04 billion, a price-to-earnings ratio of 7.99 and a beta of 0.67.

Barings BDC (NYSE:BBDC - Get Free Report) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.10. Barings BDC had a net margin of 38.32% and a return on equity of 11.49%. The company had revenue of $74.89 million during the quarter, compared to analyst estimates of $70.75 million. During the same quarter last year, the firm posted $0.31 EPS. As a group, equities analysts anticipate that Barings BDC, Inc. will post 1.28 EPS for the current fiscal year.

Barings BDC Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Wednesday, September 4th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $1.04 annualized dividend and a dividend yield of 10.58%. Barings BDC's dividend payout ratio (DPR) is 84.55%.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company increased their target price 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 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.