150,500 Shares in Barings Bdc, Inc. $BBDC Bought by Privium Fund Management UK Ltd

Privium Fund Management UK Ltd acquired a new stake in shares of Barings Bdc, Inc. (NYSE:BBDC) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 150,500 shares of the company’s stock, valued at approximately $1,267,000. Barings Bdc accounts for about 0.5% of Privium Fund Management UK Ltd’s investment portfolio, making the stock its 22nd biggest holding.

A number of other large investors have also recently modified their holdings of BBDC. Goldman Sachs Group Inc. bought a new position in Barings Bdc in the first quarter worth about $106,000. Caxton Associates LLP purchased a new position in shares of Barings Bdc during the 1st quarter worth approximately $216,000. Cetera Investment Advisers grew its holdings in shares of Barings Bdc by 8.9% during the 2nd quarter. Cetera Investment Advisers now owns 82,171 shares of the company’s stock worth $751,000 after acquiring an additional 6,681 shares during the period. Quantbot Technologies LP bought a new position in shares of Barings Bdc in the 2nd quarter worth approximately $236,000. Finally, Invesco Ltd. raised its position in shares of Barings Bdc by 1.3% in the 2nd quarter. Invesco Ltd. now owns 1,120,093 shares of the company’s stock worth $10,238,000 after acquiring an additional 14,377 shares in the last quarter. Institutional investors own 44.09% of the company’s stock.

Insider Transactions at Barings Bdc

In related news, CEO Thomas Mcdonnell bought 10,000 shares of the company’s stock in a transaction on Wednesday, June 3rd. The shares were acquired at an average cost of $8.27 per share, with a total value of $82,700.00. Following the completion of the acquisition, the chief executive officer owned 26,000 shares of the company’s stock, valued at $215,020. The trade was a 62.50% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.60% of the company’s stock.

Barings Bdc Price Performance

Shares of NYSE BBDC opened at $9.31 on Monday. Barings Bdc, Inc. has a fifty-two week low of $7.96 and a fifty-two week high of $9.92. The company has a 50 day simple moving average of $8.51 and a two-hundred day simple moving average of $8.60. The company has a market capitalization of $975.37 million, a price-to-earnings ratio of 11.22 and a beta of 0.58. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.09 and a current ratio of 0.09.

Barings Bdc (NYSE:BBDC) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.03. Barings Bdc had a return on equity of 10.07% and a net margin of 32.73%.The firm had revenue of $54.58 million for the quarter, compared to analysts’ expectations of $60.10 million. During the same period in the previous year, the firm posted $0.28 EPS. Analysts expect that Barings Bdc, Inc. will post 1.01 EPS for the current fiscal year.

Barings Bdc Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Wednesday, September 2nd will be paid a dividend of $0.26 per share. The ex-dividend date is Wednesday, September 2nd. This represents a $1.04 dividend on an annualized basis and a yield of 11.2%. Barings Bdc’s payout ratio is presently 125.30%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Zacks Research lowered Barings Bdc from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. Weiss Ratings downgraded Barings Bdc from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, June 16th. Wells Fargo & Company raised their price objective on Barings Bdc from $9.50 to $10.00 and gave the company an “overweight” rating in a research report on Monday, August 10th. Finally, Lucid Cap Mkts upgraded shares of Barings Bdc to a “hold” rating in a report on Tuesday, April 28th. One research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $9.75.

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).