Saxon Interests Inc. Acquires Shares of 88,382 Barings Bdc, Inc. $BBDC

Saxon Interests Inc. acquired a new stake in Barings Bdc, Inc. (NYSE:BBDC) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 88,382 shares of the company’s stock, valued at approximately $811,000. Saxon Interests Inc. owned approximately 0.08% of Barings Bdc as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its holdings in Barings Bdc by 65.6% in the fourth quarter. Farther Finance Advisors LLC now owns 3,992 shares of the company’s stock valued at $37,000 after buying an additional 1,582 shares in the last quarter. BNP Paribas Financial Markets purchased a new position in Barings Bdc in the third quarter valued at $44,000. Flagship Harbor Advisors LLC purchased a new position in Barings Bdc in the fourth quarter valued at $46,000. Aquatic Capital Management LLC purchased a new position in Barings Bdc in the third quarter valued at $64,000. Finally, Ameriflex Group Inc. increased its holdings in Barings Bdc by 100.0% in the third quarter. Ameriflex Group Inc. now owns 8,182 shares of the company’s stock valued at $72,000 after buying an additional 4,091 shares in the last quarter. Hedge funds and other institutional investors own 44.09% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on BBDC. Lucid Cap Mkts raised shares of Barings Bdc to a “hold” rating in a report on Tuesday, April 28th. Weiss Ratings raised shares of Barings Bdc from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, June 1st. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $9.50.

Insiders Place Their Bets

In other Barings Bdc news, CEO Thomas Mcdonnell purchased 10,000 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The shares were purchased at an average cost of $8.27 per share, for a total transaction of $82,700.00. Following the completion of the transaction, 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 acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.60% of the company’s stock.

Barings Bdc Stock Down 0.3%

BBDC stock opened at $8.37 on Friday. The stock has a market capitalization of $875.90 million, a P/E ratio of 9.84 and a beta of 0.58. The firm has a 50-day simple moving average of $8.64 and a 200-day simple moving average of $8.77. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.25. Barings Bdc, Inc. has a 52 week low of $7.96 and a 52 week high of $9.92.

Barings Bdc (NYSE:BBDC) last released its earnings results on Thursday, May 7th. The company reported $0.25 EPS for the quarter, hitting analysts’ consensus estimates of $0.25. The business had revenue of $54.66 million during the quarter, compared to analysts’ expectations of $62.54 million. Barings Bdc had a net margin of 32.45% and a return on equity of 10.08%. During the same quarter in the previous year, the company earned $0.25 earnings per share. Equities analysts forecast that Barings Bdc, Inc. will post 1 earnings per share for the current fiscal year.

Barings Bdc Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, June 3rd were given a dividend of $0.26 per share. The ex-dividend date was Wednesday, June 3rd. This represents a $1.04 dividend on an annualized basis and a yield of 12.4%. Barings Bdc’s payout ratio is presently 122.35%.

Barings Bdc Company 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).