Private Management Group Inc. Buys 481,172 Shares of Barings Bdc, Inc. $BBDC

Private Management Group Inc. raised its stake in shares of Barings Bdc, Inc. (NYSE:BBDC) by 14.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,765,629 shares of the company’s stock after acquiring an additional 481,172 shares during the quarter. Barings Bdc makes up about 1.0% of Private Management Group Inc.’s portfolio, making the stock its 29th biggest position. Private Management Group Inc. owned approximately 3.58% of Barings Bdc worth $34,568,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of BBDC. Cresset Asset Management LLC lifted 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 valued at $18,764,000 after purchasing an additional 570,637 shares during the last quarter. GraniteShares Advisors LLC purchased a new stake in shares of Barings Bdc during the 4th quarter valued at $2,742,000. UBS Group AG lifted 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 valued at $13,713,000 after purchasing an additional 285,272 shares during the last quarter. Muzinich & Co. Inc. lifted 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 valued at $6,416,000 after purchasing an additional 212,847 shares during the last quarter. Finally, Closed End Fund Advisors Inc. purchased a new stake in shares of Barings Bdc during the 4th quarter valued at $1,776,000. Institutional investors own 44.09% of the company’s stock.

Analysts Set New Price Targets

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

Barings Bdc Stock Performance

Shares of BBDC opened at $8.39 on Friday. The firm has a market cap of $877.99 million, a PE ratio of 9.86 and a beta of 0.58. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.25. The stock has a fifty day moving average price of $8.64 and a 200-day moving average price of $8.77. Barings Bdc, Inc. has a 12 month low of $7.96 and a 12 month high of $9.92.

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

Barings Bdc Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, June 3rd were paid a $0.26 dividend. The ex-dividend date was Wednesday, June 3rd. This represents a $1.04 dividend on an annualized basis and a yield of 12.4%. Barings Bdc’s dividend payout ratio (DPR) is 122.35%.

Insider Transactions at Barings Bdc

In other news, CEO Thomas Mcdonnell bought 10,000 shares of Barings Bdc stock in a transaction that occurred on Wednesday, June 3rd. The stock was bought at an average price of $8.27 per share, for a total transaction 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. The trade was a 62.50% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.60% of the stock is owned by company insiders.

About Barings Bdc

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).