Nomura Asset Management Co. Ltd. Acquires New Holdings in Barings BDC, Inc. (NYSE:BBDC)

Nomura Asset Management Co. Ltd. acquired a new stake in shares of Barings BDC, Inc. (NYSE:BBDC) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,696 shares of the company’s stock, valued at approximately $26,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Kovitz Investment Group Partners LLC purchased a new position in shares of Barings BDC in the 3rd quarter worth approximately $10,549,000. Harbor Capital Advisors Inc. grew its holdings in Barings BDC by 148.6% in the third quarter. Harbor Capital Advisors Inc. now owns 740,559 shares of the company’s stock worth $7,257,000 after purchasing an additional 442,621 shares during the last quarter. Van ECK Associates Corp increased its position in shares of Barings BDC by 17.7% during the second quarter. Van ECK Associates Corp now owns 2,138,487 shares of the company’s stock worth $20,808,000 after purchasing an additional 321,638 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Barings BDC during the 2nd quarter valued at $731,000. Finally, Muzinich & Co. Inc. boosted its position in shares of Barings BDC by 38.9% in the 3rd quarter. Muzinich & Co. Inc. now owns 252,518 shares of the company’s stock worth $2,475,000 after purchasing an additional 70,722 shares in the last quarter. Institutional investors own 44.09% of the company’s stock.

Barings BDC Stock Down 0.8 %

Shares of BBDC stock opened at $9.71 on Monday. Barings BDC, Inc. has a 1-year low of $8.55 and a 1-year high of $10.38. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.11 and a quick ratio of 0.11. The company has a market cap of $1.02 billion, a price-to-earnings ratio of 8.99 and a beta of 0.68. The stock’s fifty day moving average price is $9.86 and its 200 day moving average price is $9.87.

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 firm had revenue of $70.85 million during the quarter, compared to analysts’ expectations 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 last year, the business earned $0.31 EPS. On average, research analysts expect that Barings BDC, Inc. will post 1.24 earnings per share for the current fiscal year.

Barings BDC Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Wednesday, December 4th were issued a $0.26 dividend. The ex-dividend date of this dividend was Wednesday, December 4th. This represents a $1.04 annualized dividend and a yield of 10.71%. Barings BDC’s dividend payout ratio (DPR) is presently 96.30%.

Insiders Place Their Bets

In other Barings BDC news, insider Michael James O’connor sold 29,424 shares of Barings BDC stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $9.70, for a total value of $285,412.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 price of $9.73 per share, for a total transaction of $82,559.05. Following the completion of the transaction, the director now directly owns 50,001 shares in the company, valued at approximately $486,509.73. This trade represents a 20.44 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 14,048 shares of company stock valued at $136,772. 0.45% of the stock is owned by insiders.

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.