TCW Group Inc. Acquires New Stake in Barings BDC Inc (BBDC)

TCW Group Inc. acquired a new stake in shares of Barings BDC Inc (NASDAQ:BBDC) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 25,800 shares of the company’s stock, valued at approximately $258,000.

Other hedge funds have also recently bought and sold shares of the company. DAVENPORT & Co LLC bought a new position in shares of Barings BDC in the third quarter worth about $234,000. Mariner Investment Group LLC bought a new position in shares of Barings BDC in the third quarter worth about $751,000. Optimum Investment Advisors bought a new position in shares of Barings BDC in the third quarter worth about $307,000. State of New Jersey Common Pension Fund D bought a new position in shares of Barings BDC in the third quarter worth about $2,481,000. Finally, BB&T Corp bought a new position in shares of Barings BDC in the third quarter worth about $110,000.

In other Barings BDC news, insider Barings Llc acquired 48,200 shares of the stock in a transaction that occurred on Friday, November 2nd. The stock was bought at an average cost of $10.05 per share, with a total value of $484,410.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Paul John Thompson acquired 12,000 shares of the stock in a transaction that occurred on Thursday, October 4th. The stock was acquired at an average cost of $10.20 per share, with a total value of $122,400.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 844,709 shares of company stock worth $8,547,092.

A number of research firms have recently commented on BBDC. Raymond James upgraded shares of Barings BDC from an “underperform” rating to an “outperform” rating in a report on Tuesday, September 11th. Zacks Investment Research cut shares of Barings BDC from a “hold” rating to a “sell” rating in a report on Wednesday, September 12th.

NASDAQ BBDC opened at $9.99 on Friday. Barings BDC Inc has a 12 month low of $9.21 and a 12 month high of $12.40.

Barings BDC (NASDAQ:BBDC) last posted its quarterly earnings results on Wednesday, August 1st. The company reported $0.21 EPS for the quarter. The company had revenue of $25.47 million during the quarter.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 21st. Stockholders of record on Friday, December 14th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Thursday, December 13th. This is a boost from Barings BDC’s previous quarterly dividend of $0.03. This represents a $0.40 dividend on an annualized basis and a dividend yield of 4.00%.

Barings BDC Profile

Triangle Capital Corp. engages in the provision of customized financing primarily to lower middle market companies. Its investment objective is to seek returns by generating current income from our debt investments, and capital appreciation from our equity-related investments. Its portfolio includes Aden and Anais, AGM Automotive, All Metals, American Silk, Avantor Performance Materials, and others.

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Institutional Ownership by Quarter for Barings BDC (NASDAQ:BBDC)

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