Private Management Group Inc. Acquires 79,150 Shares of Barings BDC, Inc. (NYSE:BBDC)

Private Management Group Inc. grew its position in shares of Barings BDC, Inc. (NYSE:BBDC) by 2.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,026,625 shares of the company’s stock after buying an additional 79,150 shares during the quarter. Private Management Group Inc. owned 2.84% of Barings BDC worth $25,968,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in BBDC. Arkadios Wealth Advisors raised its position in shares of Barings BDC by 32.9% during the third quarter. Arkadios Wealth Advisors now owns 19,814 shares of the company’s stock valued at $177,000 after buying an additional 4,904 shares during the last quarter. Riverbridge Partners LLC boosted its stake in shares of Barings BDC by 14.3% during the third quarter. Riverbridge Partners LLC now owns 110,896 shares of the company’s stock valued at $988,000 after purchasing an additional 13,878 shares during the period. DAVENPORT & Co LLC grew its stake in Barings BDC by 100.0% in the 3rd quarter. DAVENPORT & Co LLC now owns 25,014 shares of the company’s stock worth $223,000 after acquiring an additional 12,504 shares in the last quarter. Newbridge Financial Services Group Inc. increased its holdings in Barings BDC by 4.8% during the 3rd quarter. Newbridge Financial Services Group Inc. now owns 26,877 shares of the company’s stock worth $239,000 after purchasing an additional 1,226 shares during the period. Finally, MBM Wealth Consultants LLC bought a new stake in shares of Barings BDC in the third quarter valued at about $92,000. Institutional investors own 44.09% of the company’s stock.

Analysts Set New Price Targets

Separately, Wells Fargo & Company lifted their target price on shares of Barings BDC from $8.50 to $8.75 and gave the stock an “equal weight” rating in a research note on Monday, January 29th.

Barings BDC Price Performance

NYSE BBDC traded down $0.08 during trading hours on Tuesday, hitting $9.24. 620,716 shares of the company’s stock traded hands, compared to its average volume of 501,420. Barings BDC, Inc. has a 52-week low of $6.96 and a 52-week high of $9.89. The company has a market capitalization of $980.09 million, a PE ratio of 7.76 and a beta of 0.63. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.17 and a quick ratio of 0.17. The firm’s 50-day moving average is $9.31 and its 200-day moving average is $9.04.

Barings BDC (NYSE:BBDC) last issued its quarterly earnings data on Friday, February 23rd. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.01. The company had revenue of $75.85 million during the quarter, compared to analyst estimates of $71.25 million. Barings BDC had a return on equity of 10.63% and a net margin of 44.26%. During the same period in the prior year, the business posted $0.34 earnings per share. Equities analysts forecast that Barings BDC, Inc. will post 1.21 EPS for the current fiscal year.

Barings BDC Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 13th. Investors of record on Wednesday, March 6th were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 11.26%. The ex-dividend date of this dividend was Tuesday, March 5th. Barings BDC’s payout ratio is 87.39%.

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.