ExodusPoint Capital Management LP Buys 2,354 Shares of Barings BDC, Inc. (NYSE:BBDC)

ExodusPoint Capital Management LP grew its stake in shares of Barings BDC, Inc. (NYSE:BBDC – Get Rating) by 11.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,291 shares of the company’s stock after buying an additional 2,354 shares during the period. ExodusPoint Capital Management LP’s holdings in Barings BDC were worth $193,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its position in shares of Barings BDC by 163.8% during the first quarter. JPMorgan Chase & Co. now owns 16,070 shares of the company’s stock worth $166,000 after purchasing an additional 9,979 shares during the period. Raymond James & Associates raised its position in shares of Barings BDC by 22.7% during the first quarter. Raymond James & Associates now owns 293,743 shares of the company’s stock worth $3,037,000 after purchasing an additional 54,268 shares during the period. HighTower Advisors LLC raised its position in shares of Barings BDC by 7.4% during the first quarter. HighTower Advisors LLC now owns 117,927 shares of the company’s stock worth $1,219,000 after purchasing an additional 8,160 shares during the period. Private Advisor Group LLC acquired a new stake in shares of Barings BDC during the first quarter worth about $117,000. Finally, Allianz Asset Management GmbH raised its position in shares of Barings BDC by 33.8% during the first quarter. Allianz Asset Management GmbH now owns 49,730 shares of the company’s stock worth $514,000 after purchasing an additional 12,549 shares during the period. Institutional investors own 49.23% of the company’s stock.

Barings BDC Stock Up 1.3 %

BBDC stock opened at $8.61 on Friday. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.61. The business has a 50 day moving average price of $8.60 and a two-hundred day moving average price of $8.89. The company has a market cap of $929.16 million, a price-to-earnings ratio of 85.90 and a beta of 0.70. Barings BDC, Inc. has a twelve month low of $7.89 and a twelve month high of $11.02.

Barings BDC (NYSE:BBDC – Get Rating) last issued its earnings results on Friday, February 24th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.27 by $0.07. Barings BDC had a return on equity of 9.27% and a net margin of 2.14%. The company had revenue of $63.47 million during the quarter, compared to the consensus estimate of $62.47 million. During the same period in the previous year, the company posted $0.23 EPS. Analysts anticipate that Barings BDC, Inc. will post 1.16 EPS for the current fiscal year.

Barings BDC Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 15th. Stockholders of record on Wednesday, March 8th will be paid a dividend of $0.25 per share. This is an increase from Barings BDC’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a dividend yield of 11.61%. The ex-dividend date is Tuesday, March 7th. Barings BDC’s payout ratio is currently 1,000.00%.

Analyst Upgrades and Downgrades

BBDC has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods lowered Barings BDC from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $10.50 to $10.00 in a research report on Monday, November 14th. Oppenheimer lowered Barings BDC from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $10.00 to $9.00 in a research report on Friday, February 24th. Wells Fargo & Company dropped their target price on Barings BDC from $10.00 to $9.75 and set an “overweight” rating on the stock in a research report on Monday, February 27th. Finally, Raymond James dropped their target price on Barings BDC from $11.50 to $11.00 and set an “outperform” rating on the stock in a research report on Monday, November 21st. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $9.94.

About Barings BDC

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Barings BDC, Inc is a closed-end management investment company, which engages in the provision of customized financing primarily to lower middle market companies. Its investment objective is to seek returns by generating current income from our debt investments, and capital appreciation from our equity-related investments.