Aquatic Capital Management LLC Makes New $427,000 Investment in Barings BDC, Inc. (NYSE:BBDC)

Aquatic Capital Management LLC acquired a new position in Barings BDC, Inc. (NYSE:BBDC - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 44,667 shares of the company's stock, valued at approximately $427,000.

Several other institutional investors have also recently added to or reduced their stakes in BBDC. Private Management Group Inc. grew its position in shares of Barings BDC by 2.8% during the 4th quarter. Private Management Group Inc. now owns 3,084,236 shares of the company's stock valued at $29,516,000 after buying an additional 83,408 shares during the last quarter. Van ECK Associates Corp boosted its position in Barings BDC by 3.5% during the 4th quarter. Van ECK Associates Corp now owns 2,347,891 shares of the company's stock valued at $22,470,000 after purchasing an additional 79,994 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Barings BDC during the fourth quarter valued at $8,891,000. Harbor Capital Advisors Inc. boosted its stake in Barings BDC by 2.1% during the 4th quarter. Harbor Capital Advisors Inc. now owns 756,340 shares of the company's stock valued at $7,238,000 after purchasing an additional 15,781 shares during the period. Finally, Wells Fargo & Company MN grew its position in Barings BDC by 85.4% in the 4th quarter. Wells Fargo & Company MN now owns 705,628 shares of the company's stock worth $6,753,000 after purchasing an additional 324,945 shares during the last quarter. Institutional investors own 44.09% of the company's stock.

Analyst Upgrades and Downgrades

BBDC has been the subject of a number of recent analyst reports. Wells Fargo & Company decreased their price objective on Barings BDC from $10.00 to $9.00 and set an "equal weight" rating for the company in a report on Monday, April 28th. Keefe, Bruyette & Woods cut their price objective 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.

Barings BDC Price Performance

Shares of BBDC stock traded down $0.19 during mid-day trading on Monday, hitting $8.57. 442,451 shares of the stock traded hands, compared to its average volume of 452,665. The company's 50-day simple moving average is $9.16 and its 200-day simple moving average is $9.61. Barings BDC, Inc. has a twelve month low of $7.66 and a twelve month high of $10.85. The firm has a market cap of $902.83 million, a price-to-earnings ratio of 8.24 and a beta of 0.73. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.14 and a current ratio of 0.14.

Barings BDC (NYSE:BBDC - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $0.28 EPS 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 analyst estimates of $69.35 million. Barings BDC had a net margin of 38.54% and a return on equity of 10.94%. As a group, equities research analysts expect that Barings BDC, Inc. will post 1.13 earnings per share for the current year.

Barings BDC Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, March 5th were given a $0.26 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 12.14%. Barings BDC's dividend payout ratio (DPR) is 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.