Advisors Asset Management Inc. Increases Stock Position in Barings BDC, Inc. (NYSE:BBDC)

Advisors Asset Management Inc. lifted its holdings in Barings BDC, Inc. (NYSE:BBDC) by 7.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 377,868 shares of the company’s stock after acquiring an additional 27,209 shares during the quarter. Advisors Asset Management Inc.’s holdings in Barings BDC were worth $3,616,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of BBDC. Kovitz Investment Group Partners LLC purchased a new stake in Barings BDC during the third quarter valued at approximately $10,549,000. Raymond James Financial Inc. purchased a new stake in Barings BDC during the fourth quarter valued at approximately $8,891,000. Franklin Resources Inc. lifted its position in Barings BDC by 38.9% during the third quarter. Franklin Resources Inc. now owns 322,954 shares of the company’s stock valued at $3,136,000 after acquiring an additional 90,390 shares during the last quarter. Private Management Group Inc. lifted its position in Barings BDC by 2.8% during the fourth quarter. Private Management Group Inc. now owns 3,084,236 shares of the company’s stock valued at $29,516,000 after acquiring an additional 83,408 shares during the last quarter. Finally, Van ECK Associates Corp lifted its position in Barings BDC by 3.5% during the fourth quarter. Van ECK Associates Corp now owns 2,347,891 shares of the company’s stock valued at $22,470,000 after acquiring an additional 79,994 shares during the last quarter. Hedge funds and other institutional investors own 44.09% of the company’s stock.

Barings BDC Trading Up 1.1 %

NYSE:BBDC opened at $9.62 on Friday. Barings BDC, Inc. has a 52 week low of $8.95 and a 52 week high of $10.85. The firm has a 50 day moving average of $9.94 and a 200 day moving average of $9.83. 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 $1.01 billion, a price-to-earnings ratio of 9.25 and a beta of 0.66.

Barings BDC (NYSE:BBDC) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.28 earnings per share (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 company had revenue of $70.63 million for the quarter, compared to analyst estimates of $69.35 million. As a group, sell-side analysts anticipate that Barings BDC, Inc. will post 1.13 earnings per share for the current fiscal year.

Barings BDC Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, March 5th were paid a dividend of $0.26 per share. The ex-dividend date was Wednesday, March 5th. This represents a $1.04 dividend on an annualized basis and a yield of 10.82%. Barings BDC’s payout ratio is 100.00%.

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.