Invesco Ltd. Sells 58,925 Shares of Barings BDC, Inc. (NYSE:BBDC)

Invesco Ltd. cut its stake in Barings BDC, Inc. (NYSE:BBDC - Free Report) by 5.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,091,877 shares of the company's stock after selling 58,925 shares during the period. Invesco Ltd. owned about 1.03% of Barings BDC worth $10,449,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BBDC. Stifel Financial Corp increased its holdings in shares of Barings BDC by 1.6% in the third quarter. Stifel Financial Corp now owns 64,110 shares of the company's stock worth $628,000 after buying an additional 1,017 shares during the period. Koshinski Asset Management Inc. grew its position in Barings BDC by 2.8% during the 4th quarter. Koshinski Asset Management Inc. now owns 47,158 shares of the company's stock worth $451,000 after acquiring an additional 1,282 shares during the last quarter. Wedbush Securities Inc. grew its position in Barings BDC by 5.1% during the 4th quarter. Wedbush Securities Inc. now owns 31,471 shares of the company's stock worth $301,000 after acquiring an additional 1,530 shares during the last quarter. Steward Partners Investment Advisory LLC grew its position in Barings BDC by 4.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 39,478 shares of the company's stock worth $378,000 after acquiring an additional 1,565 shares during the last quarter. Finally, HighPoint Advisor Group LLC grew its position in Barings BDC by 3.1% during the 4th quarter. HighPoint Advisor Group LLC now owns 59,143 shares of the company's stock worth $599,000 after acquiring an additional 1,754 shares during the last quarter. 44.09% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on BBDC shares. Keefe, Bruyette & Woods reduced their price target on Barings BDC from $10.50 to $9.50 and set a "market perform" rating on the stock in a research report on Tuesday, April 8th. Wells Fargo & Company reduced their price target on Barings BDC from $10.00 to $9.00 and set an "equal weight" rating on the stock in a research report on Monday.

Barings BDC Trading Up 0.1 %

Shares of BBDC stock traded up $0.01 during trading hours on Monday, reaching $8.87. The company's stock had a trading volume of 295,571 shares, compared to its average volume of 451,993. The stock has a market capitalization of $934.98 million, a P/E ratio of 8.53 and a beta of 0.56. Barings BDC, Inc. has a one year low of $7.66 and a one year high of $10.85. The firm's fifty day simple moving average is $9.30 and its 200 day simple moving average is $9.64. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.37.

Barings BDC (NYSE:BBDC - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.28 earnings per share for the quarter, missing analysts' consensus estimates of $0.29 by ($0.01). The business had revenue of $70.63 million during the quarter, compared to the consensus estimate of $69.35 million. Barings BDC had a return on equity of 10.94% and a net margin of 38.54%. Equities research analysts expect that Barings BDC, Inc. will post 1.13 EPS for the current year.

Barings BDC Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, March 5th were given a $0.26 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 11.72%. Barings BDC's dividend payout ratio is currently 100.00%.

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.