205,194 Shares in Barings Bdc, Inc. $BBDC Purchased by Rivernorth Capital Management LLC

Rivernorth Capital Management LLC bought a new stake in Barings Bdc, Inc. (NYSE:BBDC) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 205,194 shares of the company’s stock, valued at approximately $1,748,000.

Several other hedge funds have also made changes to their positions in BBDC. Focus Partners Wealth purchased a new position in shares of Barings Bdc in the 4th quarter worth about $9,207,000. Legal & General Group Plc acquired a new stake in Barings Bdc during the 2nd quarter worth approximately $7,483,000. Bank of America Corp DE purchased a new position in Barings Bdc in the second quarter valued at approximately $5,885,000. BlackRock Inc. acquired a new position in Barings Bdc during the second quarter valued at approximately $4,339,000. Finally, Van ECK Associates Corp lifted its position in Barings Bdc by 26.6% during the second quarter. Van ECK Associates Corp now owns 2,309,564 shares of the company’s stock valued at $19,677,000 after buying an additional 484,649 shares in the last quarter. Institutional investors and hedge funds own 44.09% of the company’s stock.

Barings Bdc Price Performance

Shares of NYSE:BBDC opened at $9.35 on Monday. The company has a market capitalization of $979.04 million, a PE ratio of 11.27 and a beta of 0.58. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.09 and a current ratio of 0.09. The stock has a fifty day moving average of $8.72 and a 200-day moving average of $8.63. Barings Bdc, Inc. has a one year low of $7.96 and a one year high of $9.92.

Barings Bdc (NYSE:BBDC) last announced its earnings results on Wednesday, August 5th. The company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.03. Barings Bdc had a return on equity of 10.07% and a net margin of 32.73%.The company had revenue of $54.58 million for the quarter, compared to analyst estimates of $60.10 million. During the same period in the previous year, the firm earned $0.28 earnings per share. As a group, equities analysts anticipate that Barings Bdc, Inc. will post 1.04 EPS for the current fiscal year.

Barings Bdc Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Wednesday, September 2nd will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 11.1%. The ex-dividend date of this dividend is Wednesday, September 2nd. Barings Bdc’s payout ratio is currently 125.30%.

Insider Activity at Barings Bdc

In related news, CEO Thomas Mcdonnell bought 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were acquired at an average price of $8.27 per share, with a total value of $82,700.00. Following the completion of the transaction, the chief executive officer owned 26,000 shares of the company’s stock, valued at $215,020. The trade was a 62.50% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

BBDC has been the subject of a number of research reports. Zacks Research cut shares of Barings Bdc from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. Wells Fargo & Company upped their target price on Barings Bdc from $9.50 to $10.00 and gave the stock an “overweight” rating in a research report on Monday, August 10th. Finally, Weiss Ratings lowered Barings Bdc from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, June 16th. One analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Barings Bdc presently has a consensus rating of “Hold” and a consensus price target of $9.75.

Barings Bdc Profile

Barings BDC Inc (NYSE: BBDC) is a closed-end, externally managed business development company that provides flexible financing solutions to middle-market companies. As an investment vehicle organized under the Investment Company Act of 1940, BBDC seeks to generate both current income and capital appreciation by investing primarily in senior secured loans, second lien loans, mezzanine debt and equity co-investments. The company targets established businesses across a diverse range of industries, including healthcare, industrials, consumer products and business services.

The company is sponsored and managed by Barings LLC, a global investment manager and subsidiary of Massachusetts Mutual Life Insurance Company (MassMutual).