Muzinich & Co. Inc. Trims Holdings in Barings BDC, Inc. (NYSE:BBDC)

Muzinich & Co. Inc. lessened its stake in Barings BDC, Inc. (NYSE:BBDC) by 4.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 242,230 shares of the company’s stock after selling 10,288 shares during the period. Barings BDC accounts for about 1.5% of Muzinich & Co. Inc.’s portfolio, making the stock its 18th largest position. Muzinich & Co. Inc. owned 0.23% of Barings BDC worth $2,318,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Harbor Capital Advisors Inc. boosted its holdings in shares of Barings BDC by 148.6% in the third quarter. Harbor Capital Advisors Inc. now owns 740,559 shares of the company’s stock valued at $7,257,000 after purchasing an additional 442,621 shares during the period. Franklin Resources Inc. lifted its holdings in Barings BDC by 38.9% during the third quarter. Franklin Resources Inc. now owns 322,954 shares of the company’s stock worth $3,136,000 after buying an additional 90,390 shares during the period. Private Management Group Inc. boosted its position in Barings BDC by 2.8% during the 4th quarter. Private Management Group Inc. now owns 3,084,236 shares of the company’s stock valued at $29,516,000 after acquiring an additional 83,408 shares in the last quarter. Kingswood Wealth Advisors LLC purchased a new position in shares of Barings BDC in the 4th quarter valued at $314,000. Finally, Van ECK Associates Corp raised its holdings in Barings BDC by 6.1% in the third quarter. Van ECK Associates Corp now owns 2,267,897 shares of the company’s stock worth $22,134,000 after purchasing an additional 129,410 shares in the last quarter. Institutional investors own 44.09% of the company’s stock.

Barings BDC Price Performance

Shares of BBDC opened at $10.18 on Thursday. Barings BDC, Inc. has a twelve month low of $8.96 and a twelve month high of $10.85. The company has a 50 day moving average of $9.84 and a two-hundred day moving average of $9.86. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.37. The company has a market cap of $1.07 billion, a price-to-earnings ratio of 9.78 and a beta of 0.69.

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

Barings BDC Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, March 5th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $1.04 dividend on an annualized basis and a yield of 10.22%. Barings BDC’s dividend payout ratio is currently 100.00%.

Insider Activity

In other Barings BDC news, insider Michael James O’connor sold 29,424 shares of the firm’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $9.70, for a total value of $285,412.80. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Stephen R. Byers bought 8,485 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were acquired at an average cost of $9.73 per share, with a total value of $82,559.05. Following the acquisition, the director now directly owns 50,001 shares of the company’s stock, valued at approximately $486,509.73. This represents a 20.44 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 14,048 shares of company stock worth $136,772 in the last quarter. Corporate insiders own 0.45% of the company’s stock.

About Barings BDC

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.