Van ECK Associates Corp Increases Stock Position in Barings BDC, Inc. (NYSE:BBDC)

Van ECK Associates Corp increased its holdings in shares of Barings BDC, Inc. (NYSE:BBDC - Free Report) by 6.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,267,897 shares of the company's stock after acquiring an additional 129,410 shares during the quarter. Van ECK Associates Corp owned about 2.15% of Barings BDC worth $22,134,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Harbor Capital Advisors Inc. boosted its stake in shares of Barings BDC by 273.4% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 297,938 shares of the company's stock valued at $2,899,000 after purchasing an additional 218,146 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted its position in shares of Barings BDC by 59.0% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 296,548 shares of the company's stock worth $2,758,000 after purchasing an additional 110,037 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Barings BDC in the 2nd quarter worth approximately $731,000. SG Americas Securities LLC acquired a new position in shares of Barings BDC in the 1st quarter worth approximately $454,000. Finally, Commonwealth Equity Services LLC lifted its position in shares of Barings BDC by 3.0% in 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 during the period. 44.09% of the stock is owned by institutional investors.

Barings BDC Stock Up 1.0 %

Shares of Barings BDC stock traded up $0.10 during trading on Tuesday, reaching $9.51. 296,170 shares of the company traded hands, compared to its average volume of 424,258. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.12 and a quick ratio of 0.12. Barings BDC, Inc. has a 1-year low of $8.55 and a 1-year high of $10.27. The company has a 50 day moving average price of $9.80 and a 200-day moving average price of $9.81. The firm has a market capitalization of $1.00 billion, a PE ratio of 9.14 and a beta of 0.67.

Barings BDC (NYSE:BBDC - Get Free Report) last released its earnings results on Wednesday, August 7th. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $70.75 million. During the same quarter in the previous year, the company earned $0.31 EPS. As a group, equities research analysts expect that Barings BDC, Inc. will post 1.28 earnings per share for the current fiscal year.

Barings BDC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Shareholders of record on Wednesday, September 4th were issued a dividend of $0.26 per share. The ex-dividend date was Wednesday, September 4th. This represents a $1.04 annualized dividend and a yield of 10.94%. Barings BDC's payout ratio is 100.00%.

Analysts Set New Price Targets

Separately, Wells Fargo & Company boosted their price target on shares of Barings BDC from $9.00 to $9.50 and gave the stock an "equal weight" rating in a research report on Friday, July 26th.

About Barings BDC

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.