Sumitomo Mitsui Trust Group Inc. Has $2.48 Million Holdings in Barings BDC, Inc. (NYSE:BBDC)

Sumitomo Mitsui Trust Group Inc. raised its position in shares of Barings BDC, Inc. (NYSE:BBDC) by 38.9% in the third quarter, according to its most recent filing with the SEC. The firm owned 252,518 shares of the company’s stock after purchasing an additional 70,722 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Barings BDC were worth $2,475,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Sound Income Strategies LLC increased its position in Barings BDC by 9.3% during the 3rd quarter. Sound Income Strategies LLC now owns 12,877 shares of the company’s stock valued at $126,000 after purchasing an additional 1,097 shares during the period. nVerses Capital LLC increased its position in Barings BDC by 50.0% during the 3rd quarter. nVerses Capital LLC now owns 3,300 shares of the company’s stock valued at $32,000 after purchasing an additional 1,100 shares during the period. ProShare Advisors LLC increased its position in Barings BDC by 8.0% during the 2nd quarter. ProShare Advisors LLC now owns 14,895 shares of the company’s stock valued at $145,000 after purchasing an additional 1,101 shares during the period. SeaCrest Wealth Management LLC increased its position in Barings BDC by 6.7% during the 2nd quarter. SeaCrest Wealth Management LLC now owns 19,169 shares of the company’s stock valued at $187,000 after purchasing an additional 1,200 shares during the period. Finally, Commonwealth Equity Services LLC grew its position in shares of Barings BDC by 3.0% during the 2nd quarter. Commonwealth Equity Services LLC now owns 49,800 shares of the company’s stock worth $485,000 after buying an additional 1,468 shares during the period. Institutional investors and hedge funds own 44.09% of the company’s stock.

Barings BDC Stock Performance

Shares of BBDC stock opened at $10.00 on Tuesday. The company has a market cap of $1.06 billion, a price-to-earnings ratio of 9.25 and a beta of 0.67. Barings BDC, Inc. has a 52 week low of $8.55 and a 52 week high of $10.27. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.29. The firm has a 50 day moving average of $9.78 and a 200-day moving average of $9.83.

Barings BDC (NYSE:BBDC) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.01). Barings BDC had a return on equity of 11.24% and a net margin of 39.59%. The company had revenue of $70.85 million for the quarter, compared to analyst estimates of $70.48 million. During the same period last year, the business earned $0.31 EPS. On average, equities analysts forecast that Barings BDC, Inc. will post 1.25 earnings per share for the current year.

Barings BDC Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Wednesday, December 4th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 10.40%. The ex-dividend date of this dividend is Wednesday, December 4th. Barings BDC’s payout ratio is currently 96.30%.

Analysts Set New Price Targets

Separately, Wells Fargo & Company raised their price objective on shares of Barings BDC from $9.00 to $9.50 and gave the stock an “equal weight” rating in a research report on Friday, July 26th.

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.