Legal & General Group Plc Takes Position in Barings Bdc, Inc. $BBDC

Legal & General Group Plc bought a new stake in shares of Barings Bdc, Inc. (NYSE:BBDC) during the 2nd quarter, according to its most recent filing with the SEC. The firm bought 879,822 shares of the company’s stock, valued at approximately $7,483,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BBDC. Sanctuary Advisors LLC acquired a new position in shares of Barings Bdc during the second quarter worth $89,000. Northwestern Mutual Wealth Management Co. purchased a new position in Barings Bdc in the 2nd quarter valued at about $28,000. Quantbot Technologies LP acquired a new stake in shares of Barings Bdc during the second quarter valued at about $35,000. De Lisle Partners LLP acquired a new stake in shares of Barings Bdc during the second quarter valued at about $130,000. Finally, Empirical Asset Management LLC purchased a new stake in shares of Barings Bdc during the second quarter worth about $101,000. 44.09% of the stock is owned by institutional investors and hedge funds.

Barings Bdc Stock Performance

Shares of BBDC opened at $9.10 on Thursday. The stock has a market capitalization of $952.76 million, a PE ratio of 10.96 and a beta of 0.60. The business’s fifty day moving average price is $8.79 and its 200 day moving average price is $8.63. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.09 and a quick ratio of 0.09. Barings Bdc, Inc. has a 12-month low of $7.96 and a 12-month high of $9.53.

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

Barings Bdc Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Investors 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 annualized dividend and a yield of 11.4%. Barings Bdc’s dividend payout ratio is 125.30%.

Wall Street Analyst Weigh In

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

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).