Marshall Wace LLP Sells 77,971 Shares of Barings BDC, Inc. (NYSE:BBDC)

Marshall Wace LLP cut its holdings in shares of Barings BDC, Inc. (NYSE:BBDC - Free Report) by 59.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,729 shares of the company's stock after selling 77,971 shares during the period. Marshall Wace LLP's holdings in Barings BDC were worth $505,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Icon Advisers Inc. Co. acquired a new stake in shares of Barings BDC in the fourth quarter valued at $2,577,000. Mariner LLC acquired a new stake in Barings BDC in the 4th quarter valued at about $105,000. Wedbush Securities Inc. raised its stake in shares of Barings BDC by 5.1% in the fourth 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. Dynamic Technology Lab Private Ltd lifted its position in shares of Barings BDC by 18.0% during the fourth quarter. Dynamic Technology Lab Private Ltd now owns 28,453 shares of the company's stock worth $272,000 after purchasing an additional 4,339 shares in the last quarter. Finally, Wells Fargo & Company MN grew 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 last quarter. 44.09% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have issued reports on BBDC. Wells Fargo & Company reduced their price objective on Barings BDC from $10.00 to $9.00 and set an "equal weight" rating on the stock in a report on Monday, April 28th. Keefe, Bruyette & Woods cut their price target on Barings BDC from $10.50 to $9.50 and set a "market perform" rating on the stock in a research note on Tuesday, April 8th.

Barings BDC Trading Up 1.6 %

BBDC opened at $8.75 on Friday. The firm has a 50 day simple moving average of $9.16 and a 200 day simple moving average of $9.61. Barings BDC, Inc. has a fifty-two week low of $7.66 and a fifty-two week high of $10.85. The company has a market cap of $922.33 million, a price-to-earnings ratio of 8.41 and a beta of 0.56. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.14 and a quick ratio of 0.14.

Barings BDC (NYSE:BBDC - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $0.28 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 business had revenue of $70.63 million for the quarter, compared to the consensus estimate of $69.35 million. On average, sell-side analysts anticipate that Barings BDC, Inc. will post 1.13 earnings per share for the current year.

Barings BDC Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, March 5th were given a dividend of $0.26 per share. The ex-dividend date was Wednesday, March 5th. This represents a $1.04 annualized dividend and a dividend yield of 11.89%. Barings BDC's payout ratio is currently 100.00%.

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.

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