JPMorgan Chase & Co. Increases Position in Barings BDC, Inc. (NYSE:BBDC)

JPMorgan Chase & Co. grew its position in Barings BDC, Inc. (NYSE:BBDC - Free Report) by 4,532.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 119,618 shares of the company's stock after buying an additional 117,036 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.11% of Barings BDC worth $1,145,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Jane Street Group LLC bought a new stake in Barings BDC during the 3rd quarter worth $307,000. MML Investors Services LLC bought a new stake in shares of Barings BDC during the 3rd quarter worth $99,000. Franklin Resources Inc. increased its position in shares of Barings BDC by 38.9% during the third quarter. Franklin Resources Inc. now owns 322,954 shares of the company's stock valued at $3,136,000 after buying an additional 90,390 shares during the period. Confluence Investment Management LLC increased its position in shares of Barings BDC by 0.5% during the fourth quarter. Confluence Investment Management LLC now owns 517,753 shares of the company's stock valued at $4,955,000 after acquiring an additional 2,399 shares in the last quarter. Finally, Harbor Capital Advisors Inc. raised its holdings in Barings BDC by 2.1% in the 4th quarter. Harbor Capital Advisors Inc. now owns 756,340 shares of the company's stock worth $7,238,000 after purchasing an additional 15,781 shares during the period. 44.09% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Wells Fargo & Company cut their price objective on shares of Barings BDC from $10.00 to $9.00 and set an "equal weight" rating on the stock in a research report on Monday. Keefe, Bruyette & Woods lowered their target price on Barings BDC from $10.50 to $9.50 and set a "market perform" rating for the company in a report on Tuesday, April 8th.

Barings BDC Price Performance

Shares of NYSE:BBDC traded up $0.02 during midday trading on Thursday, reaching $8.73. 104,083 shares of the company's stock traded hands, compared to its average volume of 536,588. The company has a fifty day simple moving average of $9.22 and a two-hundred day simple moving average of $9.63. Barings BDC, Inc. has a 1 year low of $7.66 and a 1 year high of $10.85. The company has a market cap of $919.69 million, a P/E ratio of 8.39 and a beta of 0.56. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.14 and a current ratio of 0.14.

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

Barings BDC Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, March 5th were issued a $0.26 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $1.04 dividend on an annualized basis and a yield of 11.92%. Barings BDC's 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.