Paloma Partners Management Co Invests $327,000 in Barings BDC, Inc. (NYSE:BBDC)

Paloma Partners Management Co acquired a new stake in shares of Barings BDC, Inc. (NYSE:BBDC) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 33,354 shares of the company’s stock, valued at approximately $327,000.

Other large investors also recently added to or reduced their stakes in the company. nVerses Capital LLC lifted its holdings in shares of Barings BDC by 50.0% in the 3rd quarter. nVerses Capital LLC now owns 3,300 shares of the company’s stock worth $32,000 after buying an additional 1,100 shares during the period. Asset Dedication LLC purchased a new stake in Barings BDC in the second quarter worth about $36,000. Ashton Thomas Private Wealth LLC bought a new position in Barings BDC during the 2nd quarter worth about $86,000. Advisory Alpha LLC purchased a new position in Barings BDC during the 2nd quarter valued at about $99,000. Finally, Centaurus Financial Inc. bought a new stake in shares of Barings BDC in the 3rd quarter valued at about $99,000. 44.09% of the stock is owned by hedge funds and other institutional investors.

Barings BDC Price Performance

NYSE BBDC opened at $9.73 on Friday. The company has a market cap of $1.03 billion, a PE ratio of 9.01 and a beta of 0.68. The firm’s 50 day moving average price is $9.86 and its 200-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. Barings BDC, Inc. has a 52-week low of $8.55 and a 52-week high of $10.38.

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

Barings BDC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Wednesday, December 4th will be issued a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a $1.04 dividend on an annualized basis and a yield of 10.69%. Barings BDC’s dividend payout ratio 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.