Harbor Capital Advisors Inc. Has $7.26 Million Stock Holdings in Barings BDC, Inc. (NYSE:BBDC)

Harbor Capital Advisors Inc. increased its position in Barings BDC, Inc. (NYSE:BBDC) by 148.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 740,559 shares of the company’s stock after buying an additional 442,621 shares during the quarter. Harbor Capital Advisors Inc. owned 0.70% of Barings BDC worth $7,257,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. nVerses Capital LLC grew its holdings in Barings BDC by 50.0% during the 3rd quarter. nVerses Capital LLC now owns 3,300 shares of the company’s stock worth $32,000 after acquiring an additional 1,100 shares during the last quarter. Asset Dedication LLC bought a new position in Barings BDC during the 2nd quarter worth $36,000. EntryPoint Capital LLC raised its position in Barings BDC by 121.0% during the 1st quarter. EntryPoint Capital LLC now owns 9,141 shares of the company’s stock worth $85,000 after purchasing an additional 5,005 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in Barings BDC during the 2nd quarter worth about $86,000. Finally, Advisory Alpha LLC bought a new stake in shares of Barings BDC in the 2nd quarter valued at about $99,000. Institutional investors and hedge funds own 44.09% of the company’s stock.

Barings BDC Price Performance

Shares of BBDC opened at $9.59 on Friday. The firm has a market cap of $1.01 billion, a PE ratio of 9.22 and a beta of 0.67. Barings BDC, Inc. has a 52-week low of $8.55 and a 52-week high of $10.27. The business’s 50 day moving average price is $9.83 and its two-hundred day moving average price is $9.80. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.12 and a current ratio of 0.12.

Barings BDC (NYSE:BBDC) last released its earnings results on Wednesday, August 7th. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.10. The company had revenue of $74.89 million for the quarter, compared to the consensus estimate of $70.75 million. Barings BDC had a net margin of 38.32% and a return on equity of 11.49%. During the same quarter in the previous year, the company earned $0.31 EPS. On average, equities analysts anticipate that Barings BDC, Inc. will post 1.28 EPS for the current year.

Barings BDC Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Wednesday, September 4th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 10.84%. Barings BDC’s dividend payout ratio (DPR) is presently 100.00%.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company lifted their price objective on Barings BDC from $9.00 to $9.50 and gave the stock an “equal weight” rating in a research note on Friday, July 26th.

Barings BDC 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.