Legal & General Group Plc Takes $7.48 Million Position in Barings Bdc, Inc. $BBDC

Legal & General Group Plc acquired a new position in shares of Barings Bdc, Inc. (NYSE:BBDC) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 879,822 shares of the company’s stock, valued at approximately $7,483,000. Legal & General Group Plc owned approximately 0.84% of Barings Bdc at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. purchased a new stake in Barings Bdc in the 2nd quarter valued at approximately $28,000. MBM Wealth Consultants LLC purchased a new position in Barings Bdc during the first quarter worth $30,000. Quantbot Technologies LP acquired a new position in shares of Barings Bdc in the second quarter worth $35,000. Farther Finance Advisors LLC raised its holdings in shares of Barings Bdc by 65.6% in the fourth quarter. Farther Finance Advisors LLC now owns 3,992 shares of the company’s stock worth $37,000 after acquiring an additional 1,582 shares during the last quarter. Finally, BNP Paribas Financial Markets acquired a new position in shares of Barings Bdc in the third quarter worth $44,000. 44.09% of the stock is currently owned by institutional investors and hedge funds.

Barings Bdc Stock Performance

Shares of NYSE:BBDC opened at $9.10 on Thursday. The firm has a market capitalization of $952.76 million, a PE ratio of 10.96 and a beta of 0.60. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.09 and a quick ratio of 0.09. The business has a 50-day moving average of $8.79 and a two-hundred day moving average of $8.63. Barings Bdc, Inc. has a 12 month low of $7.96 and a 12 month high of $9.53.

Barings Bdc (NYSE:BBDC) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.03. Barings Bdc had a return on equity of 10.07% and a net margin of 32.73%.The company had revenue of $54.58 million for the quarter, compared to the consensus estimate of $60.10 million. During the same period last year, the business posted $0.28 EPS. As a group, research analysts forecast that Barings Bdc, Inc. will post 1.04 earnings per share for the current year.

Barings Bdc Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Wednesday, September 2nd will be given a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, September 2nd. This represents a $1.04 annualized dividend and a dividend yield of 11.4%. Barings Bdc’s dividend payout ratio is presently 125.30%.

Wall Street Analyst Weigh In

BBDC has been the topic of a number of analyst reports. Zacks Research lowered Barings Bdc from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. Weiss Ratings upgraded shares of Barings Bdc from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday. Finally, Wells Fargo & Company raised their price target on shares of Barings Bdc from $9.50 to $10.00 and gave the stock an “overweight” rating in a research note on Monday, August 10th. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $9.75.

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).