Harbor Capital Advisors Inc. Buys 442,621 Shares of Barings BDC, Inc. (NYSE:BBDC)

Harbor Capital Advisors Inc. grew its stake in shares of Barings BDC, Inc. (NYSE:BBDC - Free Report) by 148.6% in the third quarter, according to its most recent filing with the SEC. The fund owned 740,559 shares of the company's stock after acquiring an additional 442,621 shares during the period. Harbor Capital Advisors Inc. owned about 0.70% of Barings BDC worth $7,257,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Sound Income Strategies LLC boosted its position in shares of Barings BDC by 9.3% in the 3rd quarter. Sound Income Strategies LLC now owns 12,877 shares of the company's stock valued at $126,000 after purchasing an additional 1,097 shares during the period. nVerses Capital LLC increased its position in shares of Barings BDC by 50.0% in the third quarter. nVerses Capital LLC now owns 3,300 shares of the company's stock worth $32,000 after acquiring an additional 1,100 shares in the last quarter. ProShare Advisors LLC lifted its position in shares of Barings BDC by 8.0% in the 2nd quarter. ProShare Advisors LLC now owns 14,895 shares of the company's stock valued at $145,000 after acquiring an additional 1,101 shares in the last quarter. SeaCrest Wealth Management LLC boosted its stake in Barings BDC by 6.7% in the 2nd quarter. SeaCrest Wealth Management LLC now owns 19,169 shares of the company's stock worth $187,000 after purchasing an additional 1,200 shares during the period. Finally, Commonwealth Equity Services LLC grew its position in Barings BDC by 3.0% during the 2nd quarter. Commonwealth Equity Services LLC now owns 49,800 shares of the company's stock worth $485,000 after purchasing an additional 1,468 shares in the last quarter. 44.09% of the stock is owned by institutional investors.

Barings BDC Stock Down 0.8 %

NYSE:BBDC traded down $0.08 on Friday, hitting $9.59. 468,185 shares of the company's stock traded hands, compared to its average volume of 298,210. The company has a market cap of $1.01 billion, a PE ratio of 9.22 and a beta of 0.67. Barings BDC, Inc. has a 1 year low of $8.55 and a 1 year high of $10.27. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.29. The firm has a 50-day moving average price of $9.83 and a 200-day moving average price of $9.80.

Barings BDC (NYSE:BBDC - Get Free Report) last issued its earnings results on Wednesday, August 7th. The company reported $0.40 earnings per share 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 analyst estimates 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 prior year, the firm posted $0.31 EPS. Equities analysts anticipate that Barings BDC, Inc. will post 1.28 EPS for the current fiscal year.

Barings BDC Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Wednesday, September 4th were paid 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 10.84%. Barings BDC's dividend payout ratio (DPR) is presently 100.00%.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company increased their target price on Barings BDC from $9.00 to $9.50 and gave the company an "equal weight" rating in a report 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.