Rivernorth Capital Management LLC Makes New Investment in Barings Bdc, Inc. $BBDC

Rivernorth Capital Management LLC purchased a new position in shares of Barings Bdc, Inc. (NYSE:BBDC) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 205,194 shares of the company’s stock, valued at approximately $1,748,000. Rivernorth Capital Management LLC owned approximately 0.20% of Barings Bdc at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in BBDC. Private Management Group Inc. grew its stake in Barings Bdc by 11.2% during the 2nd quarter. Private Management Group Inc. now owns 4,779,724 shares of the company’s stock worth $40,723,000 after buying an additional 479,536 shares during the last quarter. Van ECK Associates Corp boosted its holdings in Barings Bdc by 26.6% in the second quarter. Van ECK Associates Corp now owns 2,309,564 shares of the company’s stock worth $19,677,000 after acquiring an additional 484,649 shares in the last quarter. Ausdal Financial Partners Inc. purchased a new stake in shares of Barings Bdc during the second quarter worth about $192,000. Bank of America Corp DE purchased a new stake in shares of Barings Bdc during the second quarter worth about $5,885,000. Finally, Legal & General Group Plc acquired a new position in shares of Barings Bdc during the second quarter valued at about $7,483,000. Institutional investors and hedge funds own 44.09% of the company’s stock.

Insider Buying and Selling

In related news, CEO Thomas Mcdonnell acquired 10,000 shares of Barings Bdc stock in a transaction that occurred on Wednesday, June 3rd. The shares were purchased at an average cost of $8.27 per share, for a total transaction of $82,700.00. Following the acquisition, the chief executive officer owned 26,000 shares in the company, valued at approximately $215,020. This represents a 62.50% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.60% of the stock is owned by company insiders.

Barings Bdc Price Performance

NYSE:BBDC opened at $9.35 on Monday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.09 and a quick ratio of 0.09. The company has a 50 day moving average price of $8.72 and a 200-day moving average price of $8.63. Barings Bdc, Inc. has a 1-year low of $7.96 and a 1-year high of $9.92. The firm has a market cap of $979.04 million, a price-to-earnings ratio of 11.27 and a beta of 0.58.

Barings Bdc (NYSE:BBDC) last released its earnings results on Wednesday, August 5th. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.03. Barings Bdc had a return on equity of 10.07% and a net margin of 32.73%.The business had revenue of $54.58 million for the quarter, compared to the consensus estimate of $60.10 million. During the same quarter last year, the business posted $0.28 earnings per share. Equities research analysts forecast that Barings Bdc, Inc. will post 1.04 EPS for the current year.

Barings Bdc Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Wednesday, September 2nd will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 11.1%. The ex-dividend date is Wednesday, September 2nd. Barings Bdc’s dividend payout ratio (DPR) is presently 125.30%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on BBDC shares. Weiss Ratings lowered shares of Barings Bdc from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, June 16th. Zacks Research lowered shares of Barings Bdc from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. Finally, Wells Fargo & Company raised their price target on shares of Barings Bdc from $9.50 to $10.00 and gave the stock an “overweight” rating in a report on Monday, August 10th. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $9.75.

Barings Bdc Company Profile

Barings BDC Inc (NYSE: BBDC) is a closed-end, externally managed business development company that provides flexible financing solutions to middle-market companies. As an investment vehicle organized under the Investment Company Act of 1940, BBDC seeks to generate both current income and capital appreciation by investing primarily in senior secured loans, second lien loans, mezzanine debt and equity co-investments. The company targets established businesses across a diverse range of industries, including healthcare, industrials, consumer products and business services.

The company is sponsored and managed by Barings LLC, a global investment manager and subsidiary of Massachusetts Mutual Life Insurance Company (MassMutual).