Sumitomo Mitsui Trust Group Inc. Purchases 70,722 Shares of Barings BDC, Inc. (NYSE:BBDC)

Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Barings BDC, Inc. (NYSE:BBDC - Free Report) by 38.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 252,518 shares of the company's stock after purchasing an additional 70,722 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.24% of Barings BDC worth $2,475,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Van ECK Associates Corp lifted its stake in Barings BDC by 6.1% in the third quarter. Van ECK Associates Corp now owns 2,267,897 shares of the company's stock worth $22,134,000 after purchasing an additional 129,410 shares during the last quarter. Harbor Capital Advisors Inc. boosted its holdings in Barings BDC by 148.6% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 740,559 shares of the company's stock valued at $7,257,000 after acquiring an additional 442,621 shares during the period. Confluence Investment Management LLC grew its position in Barings BDC by 1.2% in the 3rd quarter. Confluence Investment Management LLC now owns 515,354 shares of the company's stock valued at $5,050,000 after acquiring an additional 5,907 shares during the last quarter. Advisors Asset Management Inc. increased its stake in Barings BDC by 6.1% in the first quarter. Advisors Asset Management Inc. now owns 363,319 shares of the company's stock worth $3,379,000 after purchasing an additional 20,846 shares during the period. Finally, Steel Grove Capital Advisors LLC boosted its stake in shares of Barings BDC by 8.6% during the second quarter. Steel Grove Capital Advisors LLC now owns 126,098 shares of the company's stock valued at $1,227,000 after purchasing an additional 10,000 shares during the period. 44.09% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company lifted their price objective on shares of 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 Stock Up 0.7 %

Shares of BBDC traded up $0.07 during midday trading on Tuesday, reaching $10.07. 444,608 shares of the stock were exchanged, compared to its average volume of 420,645. The company has a market capitalization of $1.06 billion, a P/E ratio of 9.32 and a beta of 0.67. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.29. Barings BDC, Inc. has a 52 week low of $8.55 and a 52 week high of $10.27. The company's 50 day moving average is $9.79 and its two-hundred day moving average is $9.84.

Barings BDC (NYSE:BBDC - Get Free Report) last posted its earnings results on Wednesday, November 6th. The company reported $0.29 EPS for the quarter, missing analysts' consensus estimates of $0.30 by ($0.01). Barings BDC had a net margin of 39.59% and a return on equity of 11.24%. The business had revenue of $70.85 million for the quarter, compared to analysts' expectations of $70.48 million. During the same period last year, the business posted $0.31 EPS. On average, sell-side analysts anticipate that Barings BDC, Inc. will post 1.25 earnings per share for the current year.

Barings BDC Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Wednesday, December 4th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a $1.04 dividend on an annualized basis and a yield of 10.33%. Barings BDC's dividend payout ratio is currently 96.30%.

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.