Cresset Asset Management LLC Purchases New Stake in Barings BDC, Inc. (NYSE:BBDC)

Cresset Asset Management LLC acquired a new position in shares of Barings BDC, Inc. (NYSE:BBDC - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 1,728,574 shares of the company's stock, valued at approximately $16,542,000. Cresset Asset Management LLC owned about 1.64% of Barings BDC at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. JPMorgan Chase & Co. boosted its stake in Barings BDC by 393.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,582 shares of the company's stock worth $25,000 after buying an additional 2,059 shares during the last quarter. Lee Danner & Bass Inc. purchased a new position in Barings BDC during the fourth quarter worth approximately $25,000. Nomura Asset Management Co. Ltd. boosted its holdings in shares of Barings BDC by 276.3% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 10,144 shares of the company's stock valued at $97,000 after purchasing an additional 7,448 shares during the last quarter. Entropy Technologies LP purchased a new stake in shares of Barings BDC during the 4th quarter valued at $98,000. Finally, Mariner LLC acquired a new position in Barings BDC in the fourth quarter valued at $105,000. Hedge funds and other institutional investors own 44.09% of the company's stock.

Barings BDC Stock Down 1.4 %

Shares of NYSE:BBDC traded down $0.12 during mid-day trading on Friday, hitting $8.58. 730,204 shares of the company traded hands, compared to its average volume of 453,213. The firm's 50 day simple moving average is $8.99 and its 200 day simple moving average is $9.57. The firm has a market cap of $904.41 million, a P/E ratio of 8.25 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, Inc. has a 52-week low of $7.66 and a 52-week high of $10.85.

Barings BDC (NYSE:BBDC - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.25 EPS for the quarter, missing analysts' consensus estimates of $0.28 by ($0.03). Barings BDC had a return on equity of 10.94% and a net margin of 38.54%. The firm had revenue of $64.44 million for the quarter, compared to analyst estimates of $67.78 million. During the same period in the previous year, the firm posted $0.28 earnings per share. The company's revenue for the quarter was down 7.7% on a year-over-year basis. On average, equities analysts anticipate that Barings BDC, Inc. will post 1.13 EPS for the current year.

Barings BDC Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Wednesday, June 4th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 12.12%. Barings BDC's dividend payout ratio (DPR) is 100.00%.

Wall Street Analysts Forecast Growth

BBDC has been the topic of a number of research reports. Wells Fargo & Company cut 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. Keefe, Bruyette & Woods dropped their price objective on shares of Barings BDC from $10.50 to $9.50 and set a "market perform" rating for the company in a research report on Tuesday, April 8th.

Barings BDC 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.