Marshall Wace LLP Decreases Stock Position in Barings BDC, Inc. (NYSE:BBDC)

Marshall Wace LLP trimmed its position in Barings BDC, Inc. (NYSE:BBDC - Free Report) by 59.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in the business. Jane Street Group LLC acquired a new position in Barings BDC during the 3rd quarter valued at about $307,000. Franklin Resources Inc. grew its position in Barings BDC by 38.9% during the 3rd quarter. Franklin Resources Inc. now owns 322,954 shares of the company's stock worth $3,136,000 after purchasing an additional 90,390 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Barings BDC by 393.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,582 shares of the company's stock valued at $25,000 after purchasing an additional 2,059 shares in the last quarter. Confluence Investment Management LLC lifted its stake 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 worth $4,955,000 after buying an additional 2,399 shares during the period. Finally, Harbor Capital Advisors Inc. grew its holdings in shares of Barings BDC by 2.1% during the fourth quarter. Harbor Capital Advisors Inc. now owns 756,340 shares of the company's stock valued at $7,238,000 after buying an additional 15,781 shares during the last quarter. 44.09% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have commented on BBDC. Keefe, Bruyette & Woods lowered their price target on 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. Wells Fargo & Company dropped their target price on Barings BDC from $10.00 to $9.00 and set an "equal weight" rating on the stock in a research report on Monday, April 28th.

Barings BDC Stock Performance

NYSE BBDC traded up $0.03 on Thursday, reaching $8.64. 99,705 shares of the company's stock traded hands, compared to its average volume of 451,420. The stock has a 50 day moving average price of $9.06 and a 200-day moving average price of $9.59. The firm has a market cap of $910.73 million, a price-to-earnings ratio of 8.31 and a beta of 0.73. 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, Inc. has a fifty-two week low of $7.66 and a fifty-two week high of $10.85.

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 analysts' consensus estimates of $0.29 by ($0.01). The company had revenue of $70.63 million during the quarter, compared to analysts' expectations of $69.35 million. Barings BDC had a return on equity of 10.94% and a net margin of 38.54%. Equities research analysts predict that Barings BDC, Inc. will post 1.13 EPS for the current fiscal year.

Barings BDC Dividend Announcement

The firm 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. This represents a $1.04 annualized dividend and a yield of 12.04%. The ex-dividend date was Wednesday, March 5th. Barings BDC's payout ratio is currently 100.00%.

Barings BDC Company 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.