Kovitz Investment Group Partners LLC Invests $10.55 Million in Barings BDC, Inc. (NYSE:BBDC)

Kovitz Investment Group Partners LLC purchased a new position in Barings BDC, Inc. (NYSE:BBDC) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,083,119 shares of the company’s stock, valued at approximately $10,549,000. Kovitz Investment Group Partners LLC owned approximately 1.03% of Barings BDC at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of BBDC. Harbor Capital Advisors Inc. raised 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 purchasing an additional 442,621 shares in the last quarter. Van ECK Associates Corp raised its stake in Barings BDC by 17.7% in the second quarter. Van ECK Associates Corp now owns 2,138,487 shares of the company’s stock valued at $20,808,000 after purchasing an additional 321,638 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in Barings BDC in the second quarter valued at approximately $731,000. Muzinich & Co. Inc. raised its stake in shares of Barings BDC by 38.9% during the third quarter. Muzinich & Co. Inc. now owns 252,518 shares of the company’s stock worth $2,475,000 after acquiring an additional 70,722 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Barings BDC by 38.9% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 252,518 shares of the company’s stock worth $2,475,000 after acquiring an additional 70,722 shares in the last quarter. 44.09% of the stock is owned by hedge funds and other institutional investors.

Barings BDC Trading Up 0.3 %

BBDC stock opened at $9.76 on Friday. The company’s 50 day moving average price is $9.85 and its two-hundred day moving average price is $9.88. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.11 and a current ratio of 0.11. The company has a market capitalization of $1.03 billion, a PE ratio of 9.04 and a beta of 0.68. Barings BDC, Inc. has a one year low of $8.55 and a one year high of $10.38.

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

Barings BDC Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Wednesday, December 4th will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 10.66%. The ex-dividend date of this dividend is Wednesday, December 4th. Barings BDC’s dividend payout ratio (DPR) is 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.