Tudor Investment Corp ET AL Acquires 62,831 Shares of Barings BDC, Inc. (NYSE:BBDC)

Tudor Investment Corp ET AL raised its stake in shares of Barings BDC, Inc. (NYSE:BBDC - Free Report) by 43.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 206,465 shares of the company's stock after buying an additional 62,831 shares during the quarter. Tudor Investment Corp ET AL owned about 0.20% of Barings BDC worth $1,976,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Raymond James Financial Inc. bought a new position in Barings BDC in the 4th quarter worth about $8,891,000. Wells Fargo & Company MN lifted its stake in shares of Barings BDC by 85.4% in the fourth quarter. Wells Fargo & Company MN now owns 705,628 shares of the company's stock worth $6,753,000 after buying an additional 324,945 shares in the last quarter. Icon Advisers Inc. Co. purchased a new stake in shares of Barings BDC during the fourth quarter valued at approximately $2,577,000. JPMorgan Chase & Co. increased its position in shares of Barings BDC by 4,532.8% during the fourth quarter. JPMorgan Chase & Co. now owns 119,618 shares of the company's stock valued at $1,145,000 after acquiring an additional 117,036 shares in the last quarter. Finally, Franklin Resources Inc. raised its holdings in Barings BDC by 32.1% in the 4th quarter. Franklin Resources Inc. now owns 426,696 shares of the company's stock worth $4,083,000 after acquiring an additional 103,742 shares during the last quarter. 44.09% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Barings BDC Stock Performance

BBDC stock traded down $0.02 during trading on Wednesday, reaching $8.61. The stock had a trading volume of 384,454 shares, compared to its average volume of 452,802. The stock's 50 day moving average is $9.09 and its two-hundred day moving average is $9.60. The firm has a market cap of $907.99 million, a PE ratio of 8.28 and a beta of 0.73. Barings BDC, Inc. has a 52 week low of $7.66 and a 52 week high of $10.85. 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 announced 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 business had revenue of $70.63 million for the quarter, compared to analysts' expectations of $69.35 million. Barings BDC had a net margin of 38.54% and a return on equity of 10.94%. As a group, equities analysts anticipate that Barings BDC, Inc. will post 1.13 earnings per share for the current year.

Barings BDC Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, March 5th were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 12.07%. The ex-dividend date of this dividend was Wednesday, March 5th. Barings BDC's dividend payout ratio (DPR) 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.