Cresset Asset Management LLC Boosts Stake in Barings Bdc, Inc. $BBDC

Cresset Asset Management LLC increased its position in Barings Bdc, Inc. (NYSE:BBDC) by 36.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,141,977 shares of the company’s stock after purchasing an additional 570,637 shares during the quarter. Cresset Asset Management LLC’s holdings in Barings Bdc were worth $18,764,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Ares Management LLC grew its stake in Barings Bdc by 5.3% in the second quarter. Ares Management LLC now owns 3,797,112 shares of the company’s stock worth $34,706,000 after purchasing an additional 190,016 shares during the period. Private Management Group Inc. grew its position in shares of Barings Bdc by 1.9% in the 2nd quarter. Private Management Group Inc. now owns 3,156,257 shares of the company’s stock worth $28,848,000 after buying an additional 59,813 shares during the period. Invesco Ltd. grew its position in shares of Barings Bdc by 1.3% in the 2nd quarter. Invesco Ltd. now owns 1,120,093 shares of the company’s stock worth $10,238,000 after buying an additional 14,377 shares during the period. Franklin Resources Inc. increased its stake in shares of Barings Bdc by 18.1% in the 2nd quarter. Franklin Resources Inc. now owns 826,659 shares of the company’s stock worth $7,556,000 after acquiring an additional 126,688 shares in the last quarter. Finally, Legal & General Group Plc lifted its position in Barings Bdc by 3.4% during the 2nd quarter. Legal & General Group Plc now owns 716,611 shares of the company’s stock valued at $6,553,000 after acquiring an additional 23,331 shares during the period. 44.09% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on BBDC shares. Wells Fargo & Company cut their price objective on shares of Barings Bdc from $10.00 to $9.50 and set an “overweight” rating on the stock in a report on Monday, November 10th. Keefe, Bruyette & Woods dropped their price target on Barings Bdc from $10.00 to $9.50 and set a “market perform” rating on the stock in a research report on Monday, November 10th. Finally, Weiss Ratings raised Barings Bdc from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, February 11th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $9.67.

Barings Bdc Price Performance

Shares of NYSE BBDC opened at $8.35 on Thursday. Barings Bdc, Inc. has a twelve month low of $7.66 and a twelve month high of $9.92. The firm has a market cap of $874.33 million, a P/E ratio of 8.61 and a beta of 0.60. The company has a 50 day moving average of $9.04 and a 200 day moving average of $9.04. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.20.

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

Barings Bdc Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 11th. Investors of record on Wednesday, March 4th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $1.04 annualized dividend and a dividend yield of 12.5%. Barings Bdc’s dividend payout ratio (DPR) is 107.22%.

Barings Bdc Company 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).