Barings BDC, Inc. (NYSE:BBDC) Shares Sold by Muzinich & Co. Inc.

Muzinich & Co. Inc. reduced its stake in Barings BDC, Inc. (NYSE:BBDC) by 4.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 242,230 shares of the company’s stock after selling 10,288 shares during the period. Barings BDC makes up about 1.5% of Muzinich & Co. Inc.’s holdings, making the stock its 18th largest holding. Muzinich & Co. Inc.’s holdings in Barings BDC were worth $2,318,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BBDC. Harbor Capital Advisors Inc. grew its holdings in Barings BDC by 148.6% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 740,559 shares of the company’s stock worth $7,257,000 after acquiring an additional 442,621 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of Barings BDC by 38.9% during the 3rd quarter. Franklin Resources Inc. now owns 322,954 shares of the company’s stock worth $3,136,000 after purchasing an additional 90,390 shares during the last quarter. Private Management Group Inc. grew its stake in shares of Barings BDC by 2.8% during the fourth quarter. Private Management Group Inc. now owns 3,084,236 shares of the company’s stock worth $29,516,000 after purchasing an additional 83,408 shares in the last quarter. Kingswood Wealth Advisors LLC purchased a new position in Barings BDC in the fourth quarter valued at $314,000. Finally, Van ECK Associates Corp raised its stake in Barings BDC by 6.1% in the third quarter. Van ECK Associates Corp now owns 2,267,897 shares of the company’s stock valued at $22,134,000 after buying an additional 129,410 shares in the last quarter. 44.09% of the stock is currently owned by hedge funds and other institutional investors.

Barings BDC Stock Down 0.3 %

Shares of NYSE BBDC opened at $10.18 on Thursday. The business has a 50-day moving average of $9.84 and a two-hundred day moving average of $9.86. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of 9.78 and a beta of 0.69. Barings BDC, Inc. has a 1 year low of $8.96 and a 1 year high of $10.85. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.14 and a quick ratio of 0.14.

Barings BDC (NYSE:BBDC) last posted its earnings results on Thursday, February 20th. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.01). The business had revenue of $70.63 million for the quarter, compared to analysts’ expectations of $69.35 million. Barings BDC had a return on equity of 10.94% and a net margin of 38.54%. On average, analysts forecast that Barings BDC, Inc. will post 1.13 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, March 12th. Stockholders of record on Wednesday, March 5th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 10.22%. The ex-dividend date of this dividend is Wednesday, March 5th. Barings BDC’s payout ratio is 100.00%.

Insider Buying and Selling

In other Barings BDC news, insider Michael James O’connor sold 29,424 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $9.70, for a total value of $285,412.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Stephen R. Byers bought 8,485 shares of the stock in a transaction dated Friday, December 13th. The shares were acquired at an average price of $9.73 per share, for a total transaction of $82,559.05. Following the completion of the transaction, the director now owns 50,001 shares of the company’s stock, valued at approximately $486,509.73. The trade was a 20.44 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 14,048 shares of company stock worth $136,772 in the last ninety days. 0.45% of the stock is owned by corporate insiders.

Barings BDC Company Profile

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.