Steel Grove Capital Advisors LLC Reduces Position in Barings Bdc, Inc. $BBDC

by · The Cerbat Gem

Steel Grove Capital Advisors LLC cut its position in Barings Bdc, Inc. (NYSE:BBDC – Free Report) by 65.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 122,863 shares of the company’s stock after selling 236,417 shares during the period. Steel Grove Capital Advisors LLC’s holdings in Barings Bdc were worth $1,128,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the company. Private Management Group Inc. increased its position in shares of Barings Bdc by 4.1% in the 3rd quarter. Private Management Group Inc. now owns 3,284,457 shares of the company’s stock valued at $28,772,000 after purchasing an additional 128,200 shares during the last quarter. Van ECK Associates Corp increased its position in shares of Barings Bdc by 5.8% in the 3rd quarter. Van ECK Associates Corp now owns 2,479,942 shares of the company’s stock valued at $21,725,000 after purchasing an additional 136,541 shares during the last quarter. Cresset Asset Management LLC increased its position in shares of Barings Bdc by 36.3% in 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. UBS Group AG increased its position in shares of Barings Bdc by 23.6% in 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. Finally, Invesco Ltd. increased its position in shares of Barings Bdc by 3.6% in the 3rd quarter. Invesco Ltd. now owns 1,160,864 shares of the company’s stock valued at $10,169,000 after purchasing an additional 40,771 shares during the last quarter. 44.09% of the stock is owned by hedge funds and other institutional investors.

Barings Bdc Trading Up 1.3%

NYSE BBDC opened at $8.62 on Wednesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.12 and a quick ratio of 0.12. The firm’s fifty day moving average price is $8.57 and its 200 day moving average price is $8.80. The company has a market capitalization of $902.57 million, a price-to-earnings ratio of 10.14 and a beta of 0.61. Barings Bdc, Inc. has a 12 month low of $7.96 and a 12 month high of $9.92.

Barings Bdc (NYSE:BBDC – Get Free Report) last posted its earnings results on Thursday, May 7th. The company reported $0.25 EPS for the quarter, meeting analysts’ consensus estimates of $0.25. The firm had revenue of $54.66 million for the quarter, compared to the consensus estimate of $62.54 million. Barings Bdc had a net margin of 32.45% and a return on equity of 10.08%. During the same period last year, the firm posted $0.25 EPS. On average, sell-side analysts expect that Barings Bdc, Inc. will post 1 earnings per share for the current fiscal year.

Barings Bdc Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, June 3rd will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 12.1%. The ex-dividend date of this dividend is Wednesday, June 3rd. Barings Bdc’s dividend payout ratio (DPR) is 122.35%.

Analyst Upgrades and Downgrades

BBDC has been the topic of a number of recent analyst reports. Lucid Cap Mkts raised shares of Barings Bdc to a “hold” rating in a research report on Tuesday, April 28th. Weiss Ratings downgraded shares of Barings Bdc from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 8th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Barings Bdc presently has an average rating of “Hold” and a consensus target price of $9.50.

Get Our Latest Stock Analysis on BBDC

Barings Bdc Company Profile

(Free Report)

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).

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