Van ECK Associates Corp Purchases 484,649 Shares of Barings Bdc, Inc. $BBDC

Van ECK Associates Corp grew its holdings in shares of Barings Bdc, Inc. (NYSE:BBDC) by 26.6% in the second quarter, HoldingsChannel.com reports. The fund owned 2,309,564 shares of the company’s stock after acquiring an additional 484,649 shares during the quarter. Van ECK Associates Corp’s holdings in Barings Bdc were worth $19,677,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in BBDC. Goldman Sachs Group Inc. acquired a new stake in Barings Bdc during the first quarter worth approximately $106,000. Caxton Associates LLP bought a new stake in shares of Barings Bdc in the 1st quarter valued at $216,000. Cetera Investment Advisers lifted its position in shares of Barings Bdc by 8.9% during the 2nd quarter. Cetera Investment Advisers now owns 82,171 shares of the company’s stock valued at $751,000 after acquiring an additional 6,681 shares during the period. Quantbot Technologies LP acquired a new position in shares of Barings Bdc during the 2nd quarter valued at $236,000. Finally, Invesco Ltd. boosted its stake in Barings Bdc by 1.3% during the second quarter. Invesco Ltd. now owns 1,120,093 shares of the company’s stock worth $10,238,000 after acquiring an additional 14,377 shares in the last quarter. 44.09% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on the company. Weiss Ratings downgraded Barings Bdc from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, June 16th. Zacks Research lowered Barings Bdc from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 22nd. Finally, Wells Fargo & Company raised their price objective 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 investment analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Barings Bdc presently has an average rating of “Hold” and a consensus target price of $9.75.

Barings Bdc Price Performance

Barings Bdc stock opened at $9.35 on Monday. Barings Bdc, Inc. has a 1-year low of $7.96 and a 1-year high of $9.92. The firm has a market capitalization of $979.04 million, a price-to-earnings ratio of 11.27 and a beta of 0.58. The firm’s fifty day moving average price is $8.72 and its two-hundred day moving average price is $8.63. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.24.

Barings Bdc (NYSE:BBDC) last posted its earnings results on Wednesday, August 5th. The company reported $0.28 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $60.10 million. During the same period in the previous year, the firm posted $0.28 earnings per share. On average, equities research analysts predict that Barings Bdc, Inc. will post 1.04 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, September 9th. Stockholders of record on Wednesday, September 2nd will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 11.1%. The ex-dividend date is Wednesday, September 2nd. Barings Bdc’s dividend payout ratio (DPR) is currently 125.30%.

Insider Activity

In related news, CEO Thomas Mcdonnell bought 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were bought at an average price of $8.27 per share, with a total value of $82,700.00. Following the completion of the transaction, the chief executive officer directly owned 26,000 shares in the company, valued at approximately $215,020. This represents a 62.50% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.60% of the stock is currently owned by insiders.

Barings Bdc 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).