Private Management Group Inc. Boosts Holdings in Barings Bdc, Inc. $BBDC

Private Management Group Inc. boosted its stake in shares of Barings Bdc, Inc. (NYSE:BBDC) by 11.2% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 4,779,724 shares of the company’s stock after purchasing an additional 479,536 shares during the period. Barings Bdc makes up approximately 1.1% of Private Management Group Inc.’s portfolio, making the stock its 22nd biggest holding. Private Management Group Inc. owned 4.56% of Barings Bdc worth $40,723,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of BBDC. Privium Fund Management UK Ltd purchased a new stake in shares of Barings Bdc in the second quarter worth about $1,267,000. Closed End Fund Advisors Inc. purchased a new position in Barings Bdc during the fourth quarter valued at approximately $1,776,000. Saxon Interests Inc. purchased a new position in Barings Bdc during the fourth quarter valued at approximately $811,000. Legal & General Group Plc lifted its holdings in Barings Bdc by 18.6% in the fourth quarter. Legal & General Group Plc now owns 750,732 shares of the company’s stock valued at $6,895,000 after acquiring an additional 117,776 shares during the period. Finally, UBS Group AG lifted its holdings in Barings Bdc by 23.6% in the fourth quarter. UBS Group AG now owns 1,493,751 shares of the company’s stock valued at $13,713,000 after acquiring an additional 285,272 shares during the period. Hedge funds and other institutional investors own 44.09% of the company’s stock.

Insider Transactions at Barings Bdc

In related news, CEO Thomas Mcdonnell purchased 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were purchased at an average price of $8.27 per share, with a total value of $82,700.00. Following the purchase, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on BBDC. Weiss Ratings cut shares of Barings Bdc from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, June 16th. Wells Fargo & Company boosted their target price on shares of Barings Bdc from $9.50 to $10.00 and gave the company an “overweight” rating in a research note on Monday, August 10th. Finally, Zacks Research downgraded shares of Barings Bdc from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, Barings Bdc has an average rating of “Hold” and a consensus target price of $9.75.

Barings Bdc Price Performance

Shares of Barings Bdc stock opened at $9.35 on Friday. The firm has a market cap of $979.01 million, a PE ratio of 11.27 and a beta of 0.58. Barings Bdc, Inc. has a twelve month low of $7.96 and a twelve month high of $9.92. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.24. The business has a 50-day moving average price of $8.72 and a 200 day moving average price of $8.63.

Barings Bdc (NYSE:BBDC) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.03. The company had revenue of $54.58 million for the quarter, compared to the consensus estimate of $60.10 million. Barings Bdc had a return on equity of 10.07% and a net margin of 32.73%.During the same quarter in the prior year, the business posted $0.28 earnings per share. Sell-side analysts predict that Barings Bdc, Inc. will post 1.04 earnings per share for the current fiscal year.

Barings Bdc Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Wednesday, September 2nd will be given 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 dividend yield of 11.1%. Barings Bdc’s dividend payout ratio (DPR) is 125.30%.

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).