BI Asset Management Fondsmaeglerselskab A S Decreases Stock Holdings in Barings Bdc, Inc. $BBDC

BI Asset Management Fondsmaeglerselskab A S trimmed its position in shares of Barings Bdc, Inc. (NYSE:BBDC) by 52.6% during the 4th quarter, Holdings Channel reports. The fund owned 221,630 shares of the company’s stock after selling 245,655 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Barings Bdc were worth $2,035,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of BBDC. Cresset Asset Management LLC raised its holdings in shares of Barings Bdc by 36.3% during the 3rd quarter. Cresset Asset Management LLC now owns 2,141,977 shares of the company’s stock worth $18,764,000 after acquiring an additional 570,637 shares in the last quarter. GraniteShares Advisors LLC purchased a new stake in shares of Barings Bdc during the 4th quarter worth approximately $2,742,000. UBS Group AG raised its holdings in shares of Barings Bdc by 23.6% during the 4th quarter. UBS Group AG now owns 1,493,751 shares of the company’s stock worth $13,713,000 after acquiring an additional 285,272 shares in the last quarter. Muzinich & Co. Inc. raised its holdings in shares of Barings Bdc by 43.8% during the 4th quarter. Muzinich & Co. Inc. now owns 698,945 shares of the company’s stock worth $6,416,000 after acquiring an additional 212,847 shares in the last quarter. Finally, HUB Investment Partners LLC purchased a new stake in shares of Barings Bdc during the 3rd quarter worth approximately $1,279,000. 44.09% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Thomas Mcdonnell acquired 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were bought at an average price of $8.27 per share, with a total value of $82,700.00. Following the completion of the transaction, the chief executive officer directly owned 26,000 shares in the company, valued at $215,020. This trade represents a 62.50% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on BBDC. Weiss Ratings raised Barings Bdc from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, June 1st. Lucid Cap Mkts upgraded Barings Bdc to a “hold” rating in a research note on Tuesday, April 28th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Barings Bdc currently has an average rating of “Hold” and an average target price of $9.50.

Barings Bdc Price Performance

Shares of BBDC stock opened at $8.33 on Tuesday. Barings Bdc, Inc. has a 1-year low of $7.96 and a 1-year high of $9.92. The stock’s 50-day moving average is $8.62 and its 200 day moving average is $8.78. The company has a market cap of $871.71 million, a P/E ratio of 9.79 and a beta of 0.58. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.12 and a quick ratio of 0.12.

Barings Bdc (NYSE:BBDC) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.25 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.25. Barings Bdc had a return on equity of 10.08% and a net margin of 32.45%.The company had revenue of $54.66 million for the quarter, compared to the consensus estimate of $62.54 million. During the same quarter last year, the company earned $0.25 earnings per share. Research analysts predict that Barings Bdc, Inc. will post 1 earnings per share for the current fiscal year.

Barings Bdc Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, June 3rd will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, June 3rd. This represents a $1.04 dividend on an annualized basis and a yield of 12.5%. Barings Bdc’s dividend payout ratio (DPR) is presently 122.35%.

Barings Bdc Profile

Barings BDC Inc (NYSE: BBDC) is a closed-end, externally managed business development company that provides flexible financing solutions to middle-market companies. As an investment vehicle organized under the Investment Company Act of 1940, BBDC seeks to generate both current income and capital appreciation by investing primarily in senior secured loans, second lien loans, mezzanine debt and equity co-investments. The company targets established businesses across a diverse range of industries, including healthcare, industrials, consumer products and business services.

The company is sponsored and managed by Barings LLC, a global investment manager and subsidiary of Massachusetts Mutual Life Insurance Company (MassMutual).