Dimension Capital Management LLC Has $4.82 Million Stock Holdings in Barings BDC, Inc. (NYSE:BBDC)

Dimension Capital Management LLC trimmed its holdings in Barings BDC, Inc. (NYSE:BBDC - Free Report) by 16.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 503,098 shares of the company's stock after selling 102,077 shares during the period. Barings BDC comprises approximately 0.8% of Dimension Capital Management LLC's holdings, making the stock its 23rd largest holding. Dimension Capital Management LLC owned about 0.48% of Barings BDC worth $4,815,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Wells Fargo & Company MN raised its stake in shares of 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 buying an additional 324,945 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Barings BDC during the 4th quarter valued at about $8,891,000. Icon Advisers Inc. Co. bought a new position in shares of Barings BDC during the 4th quarter valued at about $2,577,000. Steward Partners Investment Advisory LLC boosted its position in shares of Barings BDC by 4.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 39,478 shares of the company's stock valued at $378,000 after purchasing an additional 1,565 shares in the last quarter. Finally, Truist Financial Corp bought a new stake in Barings BDC during the fourth quarter worth approximately $112,000. Institutional investors own 44.09% of the company's stock.

Barings BDC Stock Up 2.1%

Barings BDC stock traded up $0.18 during mid-day trading on Tuesday, hitting $8.85. 277,074 shares of the company's stock were exchanged, compared to its average volume of 453,611. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.37. The stock has a 50 day moving average of $8.97 and a two-hundred day moving average of $9.56. The stock has a market cap of $932.87 million, a P/E ratio of 8.51 and a beta of 0.73. Barings BDC, Inc. has a 1-year low of $7.66 and a 1-year high of $10.85.

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

Barings BDC Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Wednesday, June 4th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 11.75%. Barings BDC's dividend payout ratio (DPR) is presently 100.00%.

Analyst Ratings Changes

Several analysts have issued reports on the company. Wells Fargo & Company cut their price objective on Barings BDC from $9.00 to $8.50 and set an "equal weight" rating on the stock in a report on Monday. Keefe, Bruyette & Woods cut their price objective on Barings BDC from $10.50 to $9.50 and set a "market perform" rating on the stock in a report on Tuesday, April 8th.

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.