Barings BDC, Inc. (NYSE:BBDC) Shares Sold by Callodine Capital Management LP

Callodine Capital Management LP decreased its stake in shares of Barings BDC, Inc. (NYSE:BBDC) by 45.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 300,000 shares of the company’s stock after selling 253,270 shares during the period. Callodine Capital Management LP owned approximately 0.28% of Barings BDC worth $2,871,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new position in shares of Barings BDC during the fourth quarter valued at approximately $8,891,000. Steward Partners Investment Advisory LLC increased its position in shares of Barings BDC by 4.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 39,478 shares of the company’s stock valued at $378,000 after purchasing an additional 1,565 shares during the period. Truist Financial Corp bought a new stake in shares of Barings BDC in the 4th quarter worth $112,000. Franklin Resources Inc. lifted its holdings in shares of Barings BDC by 38.9% in the third quarter. Franklin Resources Inc. now owns 322,954 shares of the company’s stock valued at $3,136,000 after buying an additional 90,390 shares during the period. Finally, Private Management Group Inc. boosted its stake in Barings BDC by 2.8% during the fourth quarter. Private Management Group Inc. now owns 3,084,236 shares of the company’s stock valued at $29,516,000 after buying an additional 83,408 shares in the last quarter. 44.09% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods dropped their price target on shares of Barings BDC from $10.50 to $9.50 and set a “market perform” rating on the stock in a research report on Tuesday, April 8th.

Barings BDC Trading Up 1.5 %

Shares of NYSE:BBDC opened at $8.68 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.14 and a current ratio of 0.14. The stock has a market capitalization of $914.42 million, a price-to-earnings ratio of 8.34 and a beta of 0.56. Barings BDC, Inc. has a 1-year low of $7.66 and a 1-year high of $10.85. The company has a 50 day moving average price of $9.51 and a 200 day moving average price of $9.69.

Barings BDC (NYSE:BBDC) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.01). The company had revenue of $70.63 million for the quarter, compared to the consensus estimate of $69.35 million. Barings BDC had a return on equity of 10.94% and a net margin of 38.54%. On average, research analysts anticipate that Barings BDC, Inc. will post 1.13 EPS for the current fiscal year.

Barings BDC Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, March 5th were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $1.04 annualized dividend and a yield of 11.99%. Barings BDC’s payout ratio is presently 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.