HighPoint Advisor Group LLC Boosts Stock Position in Barings BDC, Inc. (NYSE:BBDC)

HighPoint Advisor Group LLC boosted its position in Barings BDC, Inc. (NYSE:BBDC) by 3.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 59,143 shares of the company’s stock after purchasing an additional 1,754 shares during the quarter. HighPoint Advisor Group LLC’s holdings in Barings BDC were worth $599,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kovitz Investment Group Partners LLC acquired a new position in shares of Barings BDC in the third quarter valued at approximately $10,549,000. Raymond James Financial Inc. acquired a new position in Barings BDC in the 4th quarter valued at $8,891,000. JPMorgan Chase & Co. lifted its stake in shares of Barings BDC by 4,532.8% during the 4th quarter. JPMorgan Chase & Co. now owns 119,618 shares of the company’s stock worth $1,145,000 after purchasing an additional 117,036 shares during the period. Franklin Resources Inc. boosted its holdings in shares of Barings BDC by 32.1% during the fourth quarter. Franklin Resources Inc. now owns 426,696 shares of the company’s stock worth $4,083,000 after purchasing an additional 103,742 shares during the last quarter. Finally, Private Management Group Inc. boosted its holdings in shares of Barings BDC by 2.8% during the fourth quarter. Private Management Group Inc. now owns 3,084,236 shares of the company’s stock worth $29,516,000 after purchasing an additional 83,408 shares during the last quarter. 44.09% of the stock is currently owned by hedge funds and other institutional investors.

Barings BDC Stock Performance

Barings BDC stock opened at $9.45 on Thursday. The stock has a fifty day moving average price of $9.93 and a 200 day moving average price of $9.81. Barings BDC, Inc. has a 52 week low of $8.95 and a 52 week high of $10.85. The firm has a market capitalization of $996.12 million, a P/E ratio of 9.09 and a beta of 0.66. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.37.

Barings BDC (NYSE:BBDC) last posted its quarterly earnings data 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 company had revenue of $70.63 million for the quarter, compared to analyst estimates of $69.35 million. Equities research analysts anticipate that Barings BDC, Inc. will post 1.13 earnings per share for the current year.

Barings BDC Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, March 5th were issued a $0.26 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 11.01%. Barings BDC’s dividend payout ratio (DPR) is presently 100.00%.

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.