Connor Clark & Lunn Investment Management Ltd. Invests $226,000 in Barings BDC, Inc. (NYSE:BBDC)

Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Barings BDC, Inc. (NYSE:BBDC) during the fourth quarter, Holdings Channel reports. The fund bought 23,629 shares of the company’s stock, valued at approximately $226,000.

Other hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. boosted its stake in Barings BDC by 393.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,582 shares of the company’s stock worth $25,000 after purchasing an additional 2,059 shares during the period. Nomura Asset Management Co. Ltd. purchased a new position in shares of Barings BDC during the third quarter valued at $26,000. Entropy Technologies LP acquired a new position in Barings BDC during the fourth quarter valued at $98,000. MML Investors Services LLC purchased a new stake in Barings BDC in the 3rd quarter worth about $99,000. Finally, Centaurus Financial Inc. purchased a new stake in Barings BDC in the 3rd quarter worth about $99,000. 44.09% of the stock is owned by hedge funds and other institutional investors.

Barings BDC Price Performance

Shares of BBDC opened at $9.60 on Tuesday. The business’s 50-day moving average is $9.94 and its 200-day moving average is $9.83. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.14 and a quick ratio of 0.14. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of 9.23 and a beta of 0.66. Barings BDC, Inc. has a fifty-two week low of $8.95 and a fifty-two week high of $10.85.

Barings BDC (NYSE:BBDC) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.01). Barings BDC had a net margin of 38.54% and a return on equity of 10.94%. The company had revenue of $70.63 million during the quarter, compared to analyst estimates of $69.35 million. Equities research analysts expect that Barings BDC, Inc. will post 1.13 EPS for the current fiscal year.

Barings BDC Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, March 5th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $1.04 dividend on an annualized basis and a yield of 10.84%. Barings BDC’s payout ratio is 100.00%.

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.