Stifel Financial Corp Boosts Stake in Barings BDC, Inc. (NYSE:BBDC)

Stifel Financial Corp boosted its position in Barings BDC, Inc. (NYSE:BBDC) by 41.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 90,513 shares of the company’s stock after purchasing an additional 26,403 shares during the period. Stifel Financial Corp owned approximately 0.09% of Barings BDC worth $866,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of BBDC. Jane Street Group LLC purchased a new position in Barings BDC during the 3rd quarter valued at $307,000. Franklin Resources Inc. lifted its position in shares of Barings BDC by 38.9% during the third 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. JPMorgan Chase & Co. boosted its stake in shares of Barings BDC by 393.7% during the third quarter. JPMorgan Chase & Co. now owns 2,582 shares of the company’s stock valued at $25,000 after purchasing an additional 2,059 shares during the period. Harbor Capital Advisors Inc. grew its holdings in shares of Barings BDC by 2.1% in the fourth quarter. Harbor Capital Advisors Inc. now owns 756,340 shares of the company’s stock worth $7,238,000 after purchasing an additional 15,781 shares during the last quarter. Finally, Koshinski Asset Management Inc. increased its stake in Barings BDC by 2.8% in the 4th quarter. Koshinski Asset Management Inc. now owns 47,158 shares of the company’s stock worth $451,000 after buying an additional 1,282 shares during the period. Institutional investors own 44.09% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on BBDC shares. Keefe, Bruyette & Woods dropped their target price on shares of Barings BDC from $10.50 to $9.50 and set a “market perform” rating on the stock in a research note on Tuesday, April 8th. Wells Fargo & Company reduced their price objective on Barings BDC from $10.00 to $9.00 and set an “equal weight” rating on the stock in a report on Monday, April 28th.

Barings BDC Stock Down 1.4 %

NYSE:BBDC opened at $8.58 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.14 and a quick ratio of 0.14. The firm has a market cap of $904.41 million, a PE ratio of 8.25 and a beta of 0.73. The company has a 50-day moving average of $8.99 and a 200 day moving average of $9.57. Barings BDC, Inc. has a 1-year low of $7.66 and a 1-year high of $10.85.

Barings BDC (NYSE:BBDC) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.03). The business had revenue of $64.44 million for the quarter, compared to analysts’ expectations of $67.78 million. Barings BDC had a net margin of 38.54% and a return on equity of 10.94%. The business’s quarterly revenue was down 7.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.28 earnings per share. As a group, research analysts anticipate that Barings BDC, Inc. will post 1.13 EPS for the current fiscal year.

Barings BDC Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Wednesday, June 4th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 12.12%. Barings BDC’s payout ratio is currently 100.00%.

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.