Lansforsakringar Fondforvaltning AB publ Buys New Stake in Barings Bdc, Inc. $BBDC

Key Points

• Lansforsakringar Fondforvaltning AB purchased 39,008 shares of Barings BDC, Inc. valued at approximately $372,000 in its recent 13F filing.
• Barings BDC announced a quarterly dividend of $0.26 per share, representing a 10.5% dividend yield, with the ex-dividend date on September 3rd.
• Following its latest earnings report, Barings BDC's stock is currently rated as a "Moderate Buy"** by analysts, with a consensus target price of $9.67.

Lansforsakringar Fondforvaltning AB publ acquired a new position in Barings Bdc, Inc. (NYSE:BBDC - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 39,008 shares of the company's stock, valued at approximately $372,000.

Several other institutional investors have also recently made changes to their positions in the business. Private Management Group Inc. lifted its stake in shares of Barings Bdc by 0.4% in the 1st quarter. Private Management Group Inc. now owns 3,096,444 shares of the company's stock worth $29,540,000 after purchasing an additional 12,208 shares during the period. Cresset Asset Management LLC raised its stake in Barings Bdc by 13.4% during the 1st quarter. Cresset Asset Management LLC now owns 1,959,930 shares of the company's stock worth $18,698,000 after acquiring an additional 231,356 shares during the period. Invesco Ltd. raised its stake in Barings Bdc by 1.3% during the 1st quarter. Invesco Ltd. now owns 1,105,716 shares of the company's stock worth $10,549,000 after acquiring an additional 13,839 shares during the period. Kovitz Investment Group Partners LLC raised its stake in Barings Bdc by 0.6% during the 1st quarter. Kovitz Investment Group Partners LLC now owns 1,073,140 shares of the company's stock worth $10,238,000 after acquiring an additional 6,540 shares during the period. Finally, Confluence Investment Management LLC raised its stake in Barings Bdc by 0.4% during the 1st quarter. Confluence Investment Management LLC now owns 519,779 shares of the company's stock worth $4,959,000 after acquiring an additional 2,026 shares during the period. Institutional investors own 44.09% of the company's stock.

Barings Bdc Price Performance

Shares of Barings Bdc stock traded down $0.02 on Friday, hitting $9.40. 375,386 shares of the company traded hands, compared to its average volume of 471,964. The stock has a market capitalization of $987.97 million, a P/E ratio of 9.79 and a beta of 0.73. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.09 and a current ratio of 0.09. Barings Bdc, Inc. has a 52 week low of $7.66 and a 52 week high of $10.85. The business has a 50-day simple moving average of $9.50 and a 200 day simple moving average of $9.27.

Barings Bdc (NYSE:BBDC - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.02. The firm had revenue of $74.40 million for the quarter, compared to analysts' expectations of $66.41 million. Barings Bdc had a net margin of 35.67% and a return on equity of 9.76%. During the same quarter last year, the business posted $0.40 earnings per share. Research analysts expect that Barings Bdc, Inc. will post 1.13 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

BBDC has been the topic of a number of recent analyst reports. Wells Fargo & Company upgraded shares of Barings Bdc from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $8.50 to $9.50 in a research note on Wednesday, May 28th. Bank of America decreased their target price on shares of Barings Bdc from $11.00 to $10.00 and set a "buy" rating on the stock in a research note on Monday, May 19th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, Barings Bdc currently has an average rating of "Moderate Buy" and a consensus target price of $9.67.

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.