Barings Bdc, Inc. $BBDC Shares Purchased by Legal & General Group Plc

Legal & General Group Plc boosted its holdings in Barings Bdc, Inc. (NYSE:BBDC) by 18.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 750,732 shares of the company’s stock after acquiring an additional 117,776 shares during the period. Legal & General Group Plc’s holdings in Barings Bdc were worth $6,895,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the business. Cobblestone Capital Advisors LLC NY lifted its position in shares of Barings Bdc by 8.0% in the third quarter. Cobblestone Capital Advisors LLC NY now owns 15,464 shares of the company’s stock valued at $135,000 after acquiring an additional 1,149 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Barings Bdc by 0.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 149,937 shares of the company’s stock valued at $1,369,000 after acquiring an additional 1,228 shares in the last quarter. Ausdal Financial Partners Inc. lifted its position in shares of Barings Bdc by 5.0% in the second quarter. Ausdal Financial Partners Inc. now owns 29,403 shares of the company’s stock valued at $269,000 after acquiring an additional 1,408 shares in the last quarter. Creative Planning lifted its position in shares of Barings Bdc by 5.1% in the third quarter. Creative Planning now owns 29,375 shares of the company’s stock valued at $257,000 after acquiring an additional 1,432 shares in the last quarter. Finally, Castleview Partners LLC lifted its position in shares of Barings Bdc by 11.9% in the fourth quarter. Castleview Partners LLC now owns 13,566 shares of the company’s stock valued at $125,000 after acquiring an additional 1,441 shares in the last quarter. 44.09% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

BBDC has been the topic of several analyst reports. Lucid Cap Mkts raised shares of Barings Bdc to a “hold” rating in a research note on Tuesday, April 28th. Weiss Ratings raised shares of Barings Bdc from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, June 1st. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $9.50.

Insider Activity

In other news, CEO Thomas Mcdonnell purchased 10,000 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The shares were bought at an average cost of $8.27 per share, with a total value of $82,700.00. Following the purchase, the chief executive officer directly owned 26,000 shares of the company’s stock, valued at approximately $215,020. This trade represents a 62.50% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.60% of the stock is owned by corporate insiders.

Barings Bdc Price Performance

Barings Bdc stock opened at $8.35 on Friday. Barings Bdc, Inc. has a 12-month low of $7.96 and a 12-month high of $9.92. The stock has a market capitalization of $873.80 million, a P/E ratio of 9.82 and a beta of 0.58. The firm’s 50-day moving average is $8.62 and its two-hundred day moving average is $8.78. 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 released its quarterly earnings results on Thursday, May 7th. The company reported $0.25 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.25. Barings Bdc had a net margin of 32.45% and a return on equity of 10.08%. The company had revenue of $54.66 million for the quarter, compared to analysts’ expectations of $62.54 million. During the same period last year, the company earned $0.25 EPS. Equities analysts predict that Barings Bdc, Inc. will post 1 earnings per share for the current year.

Barings Bdc Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Wednesday, June 3rd will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 12.5%. The ex-dividend date of this dividend is Wednesday, June 3rd. Barings Bdc’s dividend payout ratio (DPR) is currently 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).