Raymond James Financial Inc. Purchases New Position in Barings BDC, Inc. (NYSE:BBDC)

Raymond James Financial Inc. acquired a new stake in shares of Barings BDC, Inc. (NYSE:BBDC - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 929,089 shares of the company's stock, valued at approximately $8,891,000. Raymond James Financial Inc. owned approximately 0.88% of Barings BDC at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Stifel Financial Corp increased its position in shares of Barings BDC by 1.6% during the third quarter. Stifel Financial Corp now owns 64,110 shares of the company's stock valued at $628,000 after acquiring an additional 1,017 shares during the last quarter. Koshinski Asset Management Inc. increased its position in shares of Barings BDC by 2.8% during the 4th quarter. Koshinski Asset Management Inc. now owns 47,158 shares of the company's stock valued at $451,000 after purchasing an additional 1,282 shares during the last quarter. Steward Partners Investment Advisory LLC raised its stake in shares of Barings BDC by 4.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 39,478 shares of the company's stock worth $378,000 after purchasing an additional 1,565 shares during the period. Stephens Inc. AR boosted its holdings in shares of Barings BDC by 11.2% in the 4th quarter. Stephens Inc. AR now owns 19,133 shares of the company's stock worth $183,000 after buying an additional 1,930 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Barings BDC by 393.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,582 shares of the company's stock worth $25,000 after buying an additional 2,059 shares during the last quarter. 44.09% of the stock is owned by hedge funds and other institutional investors.

Barings BDC Stock Performance

NYSE BBDC traded up $0.06 during trading hours on Tuesday, reaching $9.64. 374,728 shares of the company were exchanged, compared to its average volume of 432,850. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $1.02 billion, a P/E ratio of 9.27 and a beta of 0.66. Barings BDC, Inc. has a 1 year low of $8.95 and a 1 year high of $10.85. The business's 50 day simple moving average is $9.94 and its 200-day simple moving average is $9.83.

Barings BDC (NYSE:BBDC - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.28 EPS for the quarter, missing analysts' consensus estimates of $0.29 by ($0.01). Barings BDC had a return on equity of 10.94% and a net margin of 38.54%. The company had revenue of $70.63 million during the quarter, compared to the consensus estimate of $69.35 million. On average, equities research analysts expect that Barings BDC, Inc. will post 1.13 earnings per share for the current year.

Barings BDC Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, March 5th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 10.79%. Barings BDC's dividend payout ratio is presently 100.00%.

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.