HUB Investment Partners LLC Invests $1.28 Million in Barings Bdc, Inc. $BBDC

HUB Investment Partners LLC bought a new position in shares of Barings Bdc, Inc. (NYSE:BBDC) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 146,016 shares of the company’s stock, valued at approximately $1,279,000. HUB Investment Partners LLC owned approximately 0.14% of Barings Bdc as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue acquired a new position in shares of Barings Bdc in the third quarter valued at $38,000. Mather Group LLC. bought a new stake in shares of Barings Bdc in the 3rd quarter valued at approximately $44,000. Golden State Wealth Management LLC raised its holdings in shares of Barings Bdc by 269.6% in the 2nd quarter. Golden State Wealth Management LLC now owns 7,077 shares of the company’s stock worth $65,000 after buying an additional 5,162 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new position in shares of Barings Bdc during the 3rd quarter worth approximately $88,000. Finally, Wealth Management Partners LLC acquired a new stake in Barings Bdc in the 3rd quarter valued at $92,000. 44.09% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

BBDC has been the topic of several research analyst reports. Keefe, Bruyette & Woods decreased their price objective on shares of Barings Bdc from $10.00 to $9.50 and set a “market perform” rating on the stock in a research note on Monday, November 10th. Wells Fargo & Company cut their target price on shares of Barings Bdc from $10.00 to $9.50 and set an “overweight” rating for the company in a research note on Monday, November 10th. Finally, Weiss Ratings lowered Barings Bdc from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $9.67.

Barings Bdc Trading Down 0.7%

NYSE BBDC opened at $8.23 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.10 and a current ratio of 0.10. Barings Bdc, Inc. has a 52 week low of $7.66 and a 52 week high of $9.92. The stock’s 50 day moving average price is $9.01 and its two-hundred day moving average price is $9.02. The stock has a market capitalization of $861.76 million, a price-to-earnings ratio of 8.48 and a beta of 0.60.

Barings Bdc (NYSE:BBDC) last announced its quarterly earnings data on Thursday, February 19th. The company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.01. The company had revenue of $65.28 million during the quarter, compared to the consensus estimate of $67.66 million. Barings Bdc had a net margin of 36.50% and a return on equity of 10.05%. During the same quarter last year, the firm posted $0.28 EPS. As a group, analysts anticipate that Barings Bdc, Inc. will post 1.13 earnings per share for the current fiscal year.

Barings Bdc Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 11th. Shareholders of record on Wednesday, March 4th will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 12.6%. The ex-dividend date is Wednesday, March 4th. Barings Bdc’s dividend payout ratio is presently 107.22%.

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).