64,640 Shares in Barings Bdc, Inc. (NYSE:BBDC) Purchased by MQS Management LLC

MQS Management LLC acquired a new stake in shares of Barings Bdc, Inc. (NYSE:BBDC - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 64,640 shares of the company's stock, valued at approximately $617,000. MQS Management LLC owned 0.06% of Barings Bdc as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in BBDC. Cresset Asset Management LLC purchased a new stake in shares of Barings Bdc during the fourth quarter valued at approximately $16,542,000. Raymond James Financial Inc. purchased a new stake in shares of Barings Bdc during the fourth quarter valued at approximately $8,891,000. Wells Fargo & Company MN boosted its stake in shares of Barings Bdc by 85.4% during the fourth quarter. Wells Fargo & Company MN now owns 705,628 shares of the company's stock valued at $6,753,000 after purchasing an additional 324,945 shares during the period. Financial Gravity Asset Management Inc. purchased a new stake in shares of Barings Bdc during the first quarter valued at approximately $2,878,000. Finally, Icon Advisers Inc. Co. purchased a new stake in Barings Bdc in the fourth quarter worth $2,577,000. Hedge funds and other institutional investors own 44.09% of the company's stock.

Insider Transactions at Barings Bdc

In other news, Director Stephen R. Byers acquired 8,700 shares of the stock in a transaction on Friday, June 6th. The stock was acquired at an average price of $8.89 per share, with a total value of $77,343.00. Following the completion of the transaction, the director owned 59,734 shares of the company's stock, valued at $531,035.26. This represents a 17.05% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, President Matthew Freund purchased 3,522 shares of Barings Bdc stock in a transaction dated Monday, May 19th. The shares were bought at an average price of $9.07 per share, with a total value of $31,944.54. Following the completion of the acquisition, the president directly owned 20,002 shares of the company's stock, valued at approximately $181,418.14. This represents a 21.37% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 49,997 shares of company stock worth $452,844. Corporate insiders own 0.52% of the company's stock.

Barings Bdc Trading Up 1.0%

BBDC stock traded up $0.09 on Friday, reaching $9.49. The company's stock had a trading volume of 344,982 shares, compared to its average volume of 461,359. The business has a fifty day simple moving average of $9.06 and a two-hundred day simple moving average of $9.35. Barings Bdc, Inc. has a 12-month low of $7.66 and a 12-month high of $10.85. The firm has a market cap of $1.00 billion, a PE ratio of 10.10 and a beta of 0.70. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.13 and a current ratio of 0.13.

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 the consensus estimate of $0.28 by ($0.03). The firm had revenue of $64.44 million for the quarter, compared to analysts' expectations of $67.78 million. Barings Bdc had a net margin of 35.21% and a return on equity of 10.74%. The business's quarterly revenue was down 7.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.28 EPS. As a group, research analysts forecast that Barings Bdc, Inc. will post 1.13 EPS for the current year.

Barings Bdc Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 11th. Shareholders of record on Wednesday, June 4th were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 10.96%. Barings Bdc's dividend payout ratio is currently 110.64%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on BBDC shares. Wells Fargo & Company raised Barings Bdc from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $8.50 to $9.50 in a research note on Wednesday, May 28th. Bank of America dropped their price target on Barings Bdc from $11.00 to $10.00 and set a "buy" rating for the company in a research note on Monday, May 19th. Finally, Keefe, Bruyette & Woods dropped their price target on Barings Bdc from $10.50 to $9.50 and set a "market perform" rating for the company in a research note on Tuesday, April 8th.

About Barings Bdc

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.