OneDigital Investment Advisors LLC Buys New Position in Barings BDC, Inc. (NYSE:BBDC)

OneDigital Investment Advisors LLC purchased a new position in shares of Barings BDC, Inc. (NYSE:BBDC) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,275 shares of the company’s stock, valued at approximately $108,000.

Several other hedge funds have also made changes to their positions in the business. Jane Street Group LLC acquired a new stake in shares of Barings BDC in the third quarter valued at $307,000. Franklin Resources Inc. increased its holdings in Barings BDC by 38.9% during the 3rd quarter. Franklin Resources Inc. now owns 322,954 shares of the company’s stock worth $3,136,000 after purchasing an additional 90,390 shares during the period. JPMorgan Chase & Co. raised its position in Barings BDC by 393.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,582 shares of the company’s stock valued at $25,000 after purchasing an additional 2,059 shares in the last quarter. Confluence Investment Management LLC boosted its stake in shares of Barings BDC by 0.5% in the 4th quarter. Confluence Investment Management LLC now owns 517,753 shares of the company’s stock valued at $4,955,000 after buying an additional 2,399 shares during the period. Finally, Harbor Capital Advisors Inc. grew its position in shares of Barings BDC by 2.1% during the fourth quarter. Harbor Capital Advisors Inc. now owns 756,340 shares of the company’s stock worth $7,238,000 after buying an additional 15,781 shares in the last quarter. Institutional investors and hedge funds own 44.09% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Keefe, Bruyette & Woods reduced their target price on shares of Barings BDC from $10.50 to $9.50 and set a “market perform” rating on the stock in a report on Tuesday, April 8th. Wells Fargo & Company dropped their price objective on shares of Barings BDC from $10.00 to $9.00 and set an “equal weight” rating on the stock in a research report on Monday.

Barings BDC Trading Down 0.8 %

NYSE:BBDC opened at $8.81 on Wednesday. Barings BDC, Inc. has a 1 year low of $7.66 and a 1 year high of $10.85. The stock has a market cap of $928.13 million, a P/E ratio of 8.47 and a beta of 0.56. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.14 and a current ratio of 0.14. The stock has a 50-day simple moving average of $9.26 and a 200-day simple moving average of $9.63.

Barings BDC (NYSE:BBDC) last posted its earnings results on Thursday, February 20th. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.01). The business had revenue of $70.63 million for the quarter, compared to analysts’ expectations of $69.35 million. Barings BDC had a return on equity of 10.94% and a net margin of 38.54%. As a group, analysts anticipate that Barings BDC, Inc. will post 1.13 earnings per share for the current fiscal year.

Barings BDC Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, March 5th were given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 11.81%. The ex-dividend date was Wednesday, March 5th. Barings BDC’s dividend payout ratio (DPR) is 100.00%.

About Barings BDC

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.