Dynamic Technology Lab Private Ltd Takes $236,000 Position in Barings BDC, Inc. (NYSE:BBDC)

Dynamic Technology Lab Private Ltd acquired a new position in Barings BDC, Inc. (NYSE:BBDC) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 24,114 shares of the company’s stock, valued at approximately $236,000.

Several other institutional investors have also modified their holdings of the company. Sound Income Strategies LLC grew its holdings in Barings BDC by 9.3% during the third quarter. Sound Income Strategies LLC now owns 12,877 shares of the company’s stock worth $126,000 after acquiring an additional 1,097 shares during the period. nVerses Capital LLC grew its stake in shares of Barings BDC by 50.0% in the 3rd quarter. nVerses Capital LLC now owns 3,300 shares of the company’s stock worth $32,000 after purchasing an additional 1,100 shares during the last quarter. ProShare Advisors LLC raised its holdings in shares of Barings BDC by 8.0% in the 2nd quarter. ProShare Advisors LLC now owns 14,895 shares of the company’s stock worth $145,000 after purchasing an additional 1,101 shares in the last quarter. SeaCrest Wealth Management LLC lifted its stake in Barings BDC by 6.7% during the second quarter. SeaCrest Wealth Management LLC now owns 19,169 shares of the company’s stock valued at $187,000 after purchasing an additional 1,200 shares during the last quarter. Finally, Commonwealth Equity Services LLC lifted its stake in Barings BDC by 3.0% during the second quarter. Commonwealth Equity Services LLC now owns 49,800 shares of the company’s stock valued at $485,000 after purchasing an additional 1,468 shares during the last quarter. Institutional investors and hedge funds own 44.09% of the company’s stock.

Barings BDC Trading Down 0.1 %

Barings BDC stock opened at $10.24 on Monday. The firm has a market cap of $1.08 billion, a price-to-earnings ratio of 9.48 and a beta of 0.67. Barings BDC, Inc. has a 1 year low of $8.55 and a 1 year high of $10.30. The firm’s 50 day moving average price is $9.84 and its two-hundred day moving average price is $9.87. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.11 and a current ratio of 0.11.

Barings BDC (NYSE:BBDC) last issued its earnings results on Wednesday, November 6th. The company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). The company had revenue of $70.85 million during the quarter, compared to analyst estimates of $70.48 million. Barings BDC had a return on equity of 11.24% and a net margin of 39.59%. During the same quarter in the previous year, the firm earned $0.31 earnings per share. On average, research analysts predict that Barings BDC, Inc. will post 1.24 EPS for the current fiscal year.

Barings BDC Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Wednesday, December 4th will be paid a $0.26 dividend. The ex-dividend date is Wednesday, December 4th. This represents a $1.04 dividend on an annualized basis and a yield of 10.16%. Barings BDC’s dividend payout ratio is currently 96.30%.

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.