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MQS Management LLC Takes Position in BARINGS BDC, INC. (NYSE:BBDC)

Barings Bdc logo with Finance background

MQS Management LLC bought a new position in shares of BARINGS BDC, INC. (NYSE:BBDC - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 64,640 shares of the company's stock, valued at approximately $617,000. MQS Management LLC owned about 0.06% of BARINGS BDC at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Stephens Inc. AR boosted its position in BARINGS BDC by 19.5% during the first quarter. Stephens Inc. AR now owns 22,857 shares of the company's stock worth $218,000 after purchasing an additional 3,724 shares during the period. Financial Gravity Asset Management Inc. bought a new position in BARINGS BDC during the first quarter worth $2,878,000. Sumitomo Mitsui Trust Group Inc. boosted its position in BARINGS BDC by 8.5% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 262,910 shares of the company's stock worth $2,508,000 after purchasing an additional 20,680 shares during the period. Golden State Wealth Management LLC bought a new position in BARINGS BDC during the first quarter worth $37,000. Finally, Global Assets Advisory LLC boosted its position in BARINGS BDC by 206.0% during the first quarter. Global Assets Advisory LLC now owns 35,040 shares of the company's stock worth $334,000 after purchasing an additional 23,588 shares during the period. 44.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Elizabeth A. Murray acquired 3,400 shares of the business's stock in a transaction that occurred on Friday, June 6th. The stock was acquired at an average price of $8.84 per share, with a total value of $30,056.00. Following the completion of the transaction, the chief financial officer directly owned 25,387 shares of the company's stock, valued at $224,421.08. This trade represents a 15.46% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Eric J. Lloyd acquired 34,375 shares of the business's stock in a transaction that occurred on Monday, May 19th. The shares were purchased at an average cost of $9.12 per share, with a total value of $313,500.00. Following the transaction, the chief executive officer directly owned 73,569 shares of the company's stock, valued at $670,949.28. This trade represents a 87.70% 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. 0.52% of the stock is owned by company insiders.

BARINGS BDC Stock Performance

Shares of BARINGS BDC stock traded up $0.12 during trading on Wednesday, reaching $9.62. The company's stock had a trading volume of 287,986 shares, compared to its average volume of 460,120. The business's 50-day moving average price is $9.12 and its 200-day moving average price is $9.35. The firm has a market cap of $1.01 billion, a PE ratio of 10.23 and a beta of 0.70. BARINGS BDC, INC. has a 52 week low of $7.66 and a 52 week high of $10.85. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.42.

BARINGS BDC (NYSE:BBDC - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.25 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.28 by ($0.03). The business had revenue of $64.44 million during the quarter, compared to the consensus estimate of $67.78 million. BARINGS BDC had a net margin of 35.21% and a return on equity of 10.74%. The company's revenue was down 7.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.28 EPS. Equities analysts forecast that BARINGS BDC, INC. will post 1.13 earnings per share for the current year.

BARINGS BDC Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 11th. Investors 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 10.82%. BARINGS BDC's dividend payout ratio is 110.64%.

Analyst Ratings Changes

A number of equities analysts have commented on BBDC shares. Keefe, Bruyette & Woods reduced 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. Bank of America reduced their price objective on shares of BARINGS BDC from $11.00 to $10.00 and set a "buy" rating for the company in a research report on Monday, May 19th. Finally, Wells Fargo & Company raised shares of BARINGS BDC from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $8.50 to $9.50 in a research report on Wednesday, May 28th.

View Our Latest Stock Report on BBDC

BARINGS BDC Profile

(Free Report)

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.

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Institutional Ownership by Quarter for BARINGS BDC (NYSE:BBDC)

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