Callodine Capital Management LP Trims Stock Holdings in Barings Bdc, Inc. $BBDC

Callodine Capital Management LP lowered its holdings in Barings Bdc, Inc. (NYSE:BBDC) by 27.1% during the 1st quarter, HoldingsChannel.com reports. The firm owned 260,000 shares of the company’s stock after selling 96,544 shares during the quarter. Callodine Capital Management LP’s holdings in Barings Bdc were worth $2,140,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Goldman Sachs Group Inc. bought a new position in Barings Bdc in the 1st quarter worth approximately $106,000. Caxton Associates LLP bought a new stake in Barings Bdc during the 1st quarter valued at $216,000. Cetera Investment Advisers raised its holdings in Barings Bdc by 8.9% during the 2nd quarter. Cetera Investment Advisers now owns 82,171 shares of the company’s stock valued at $751,000 after acquiring an additional 6,681 shares during the period. Quantbot Technologies LP purchased a new stake in shares of Barings Bdc during the second quarter worth $236,000. Finally, Invesco Ltd. lifted its position in shares of Barings Bdc by 1.3% during the second quarter. Invesco Ltd. now owns 1,120,093 shares of the company’s stock worth $10,238,000 after acquiring an additional 14,377 shares in the last quarter. 44.09% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Barings Bdc news, CEO Thomas Mcdonnell bought 10,000 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The shares were acquired at an average cost of $8.27 per share, for a total transaction of $82,700.00. Following the purchase, the chief executive officer directly owned 26,000 shares of the company’s stock, valued at $215,020. The trade was a 62.50% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.60% of the stock is owned by corporate insiders.

Barings Bdc Stock Up 0.8%

Shares of NYSE:BBDC opened at $8.25 on Friday. The firm has a fifty day moving average price of $8.44 and a two-hundred day moving average price of $8.65. The company has a market cap of $864.07 million, a price-to-earnings ratio of 9.71 and a beta of 0.58. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.12 and a quick ratio of 0.12. Barings Bdc, Inc. has a one year low of $7.96 and a one year high of $9.92.

Barings Bdc (NYSE:BBDC) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.25 earnings per share for the quarter, hitting the consensus estimate of $0.25. Barings Bdc had a net margin of 32.45% and a return on equity of 10.08%. The firm had revenue of $54.66 million for the quarter, compared to analysts’ expectations of $62.54 million. During the same quarter in the prior year, the firm posted $0.25 earnings per share. Analysts anticipate that Barings Bdc, Inc. will post 1 EPS for the current fiscal year.

Barings Bdc Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, June 3rd were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 12.6%. The ex-dividend date was Wednesday, June 3rd. Barings Bdc’s payout ratio is presently 122.35%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on BBDC shares. Zacks Research cut Barings Bdc from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Lucid Cap Mkts raised Barings Bdc to a “hold” rating in a report on Tuesday, April 28th. Finally, Weiss Ratings downgraded Barings Bdc from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, June 16th. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $9.50.

About Barings Bdc

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).