Wells Fargo & Company MN Has $6.75 Million Position in Barings BDC, Inc. (NYSE:BBDC)

Wells Fargo & Company MN increased its stake in Barings BDC, Inc. (NYSE:BBDC - Free Report) by 85.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 705,628 shares of the company's stock after buying an additional 324,945 shares during the quarter. Wells Fargo & Company MN owned approximately 0.67% of Barings BDC worth $6,753,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Arete Wealth Advisors LLC grew its stake in Barings BDC by 15.6% in the 4th quarter. Arete Wealth Advisors LLC now owns 34,104 shares of the company's stock valued at $328,000 after buying an additional 4,611 shares during the last quarter. Trexquant Investment LP grew its holdings in Barings BDC by 20.5% in the 4th quarter. Trexquant Investment LP now owns 128,886 shares of the company's stock valued at $1,233,000 after buying an additional 21,957 shares in the last quarter. HighPoint Advisor Group LLC boosted its position in shares of Barings BDC by 3.1% in the fourth quarter. HighPoint Advisor Group LLC now owns 59,143 shares of the company's stock valued at $599,000 after acquiring an additional 1,754 shares during the period. Franklin Resources Inc. grew its stake in shares of Barings BDC by 32.1% in the fourth quarter. Franklin Resources Inc. now owns 426,696 shares of the company's stock valued at $4,083,000 after acquiring an additional 103,742 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its stake in Barings BDC by 276.3% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 10,144 shares of the company's stock worth $97,000 after purchasing an additional 7,448 shares in the last quarter. 44.09% of the stock is owned by institutional investors.

Barings BDC Price Performance

NYSE:BBDC traded up $0.08 during trading hours on Thursday, hitting $8.82. The company's stock had a trading volume of 98,043 shares, compared to its average volume of 450,793. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.14 and a quick ratio of 0.14. The company has a market capitalization of $929.18 million, a P/E ratio of 8.48 and a beta of 0.56. Barings BDC, Inc. has a twelve month low of $7.66 and a twelve month high of $10.85. The stock has a fifty day simple moving average of $9.39 and a 200-day simple moving average of $9.66.

Barings BDC (NYSE:BBDC - Get Free Report) last announced 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 net margin of 38.54% and a return on equity of 10.94%. The firm had revenue of $70.63 million during the quarter, compared to the consensus estimate of $69.35 million. On average, analysts anticipate that Barings BDC, Inc. will post 1.13 EPS for the current fiscal year.

Barings BDC Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, March 5th were issued a $0.26 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $1.04 dividend on an annualized basis and a yield of 11.80%. Barings BDC's dividend payout ratio (DPR) is presently 100.00%.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods reduced their price target on Barings BDC from $10.50 to $9.50 and set a "market perform" rating on the stock in a research report on Tuesday, April 8th.

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.