Private Management Group Inc. Has $29.52 Million Position in Barings BDC, Inc. (NYSE:BBDC)

Private Management Group Inc. lifted its position in shares of Barings BDC, Inc. (NYSE:BBDC) by 2.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,084,236 shares of the company’s stock after purchasing an additional 83,408 shares during the period. Barings BDC accounts for 1.1% of Private Management Group Inc.’s portfolio, making the stock its 28th largest holding. Private Management Group Inc. owned 2.92% of Barings BDC worth $29,516,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Stifel Financial Corp increased its position in Barings BDC by 1.6% during the third quarter. Stifel Financial Corp now owns 64,110 shares of the company’s stock worth $628,000 after buying an additional 1,017 shares during the last quarter. Sound Income Strategies LLC increased its holdings in shares of Barings BDC by 9.3% during the 3rd quarter. Sound Income Strategies LLC now owns 12,877 shares of the company’s stock worth $126,000 after acquiring an additional 1,097 shares during the last quarter. nVerses Capital LLC raised its stake in Barings BDC by 50.0% in the 3rd quarter. nVerses Capital LLC now owns 3,300 shares of the company’s stock valued at $32,000 after acquiring an additional 1,100 shares during the period. Koshinski Asset Management Inc. raised its stake in Barings BDC by 2.8% in the 4th quarter. Koshinski Asset Management Inc. now owns 47,158 shares of the company’s stock valued at $451,000 after acquiring an additional 1,282 shares during the period. Finally, SeaCrest Wealth Management LLC lifted its holdings in Barings BDC by 8.5% during the 3rd quarter. SeaCrest Wealth Management LLC now owns 20,806 shares of the company’s stock valued at $204,000 after purchasing an additional 1,637 shares during the last quarter. 44.09% of the stock is owned by institutional investors.

Insider Transactions at Barings BDC

In other Barings BDC news, insider Michael James O’connor sold 29,424 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $9.70, for a total value of $285,412.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Stephen R. Byers bought 8,485 shares of the stock in a transaction dated Friday, December 13th. The shares were acquired at an average cost of $9.73 per share, for a total transaction of $82,559.05. Following the completion of the acquisition, the director now directly owns 50,001 shares of the company’s stock, valued at approximately $486,509.73. This trade represents a 20.44 % increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 14,048 shares of company stock worth $136,772 over the last quarter. Company insiders own 0.45% of the company’s stock.

Barings BDC Price Performance

NYSE:BBDC opened at $10.10 on Thursday. The company has a market cap of $1.07 billion, a P/E ratio of 9.35 and a beta of 0.69. The firm’s fifty day moving average price is $9.73 and its two-hundred day moving average price is $9.82. Barings BDC, Inc. has a one year low of $8.69 and a one year high of $10.38. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.11 and a quick ratio of 0.11.

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 company had revenue of $70.85 million during the quarter, compared to analyst estimates 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 last year, the company posted $0.31 EPS. Equities analysts expect that Barings BDC, Inc. will post 1.24 earnings per share for the current year.

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.