De Lisle Partners LLP Buys Shares of 15,305 Barings BDC, Inc. (NYSE:BBDC)

De Lisle Partners LLP bought a new stake in Barings BDC, Inc. (NYSE:BBDC) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 15,305 shares of the company’s stock, valued at approximately $150,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BBDC. Harbor Capital Advisors Inc. boosted its stake in 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 acquiring an additional 442,621 shares during the last quarter. Van ECK Associates Corp lifted its stake in shares of Barings BDC by 17.7% during the 2nd quarter. Van ECK Associates Corp now owns 2,138,487 shares of the company’s stock valued at $20,808,000 after buying 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 approximately $731,000. Muzinich & Co. Inc. lifted its stake in shares of Barings BDC by 38.9% during the 3rd quarter. Muzinich & Co. Inc. now owns 252,518 shares of the company’s stock valued at $2,475,000 after buying an additional 70,722 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Barings BDC by 38.9% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 252,518 shares of the company’s stock valued at $2,475,000 after buying an additional 70,722 shares in the last quarter. 44.09% of the stock is currently owned by hedge funds and other institutional investors.

Barings BDC Stock Performance

Shares of BBDC stock opened at $10.25 on Friday. The stock has a market capitalization of $1.08 billion, a P/E ratio of 9.49 and a beta of 0.67. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.29. The firm’s 50 day moving average is $9.83 and its 200 day moving average is $9.87. Barings BDC, Inc. has a 12 month low of $8.55 and a 12 month high of $10.30.

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

Barings BDC Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Wednesday, December 4th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 10.15%. The ex-dividend date is Wednesday, December 4th. Barings BDC’s dividend payout ratio (DPR) is presently 96.30%.

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.