August 23, 2023 – Mirae Asset Global Investments Co. Ltd. has announced a reduction in its stake in shares of Barings BDC, Inc. by 30.2%, according to the company’s recent filing with the Securities and Exchange Commission (SEC) on August 23, 2023.
Mirae Asset Global Investments Co. Ltd., a prominent asset management company, now owns 28,411 shares of Barings BDC after selling 12,307 shares during the first quarter. The value of their holdings in Barings BDC at the end of the most recent quarter stood at $226,000.
Barings BDC, Inc., a financial services corporation listed on the New York Stock Exchange under ticker symbol BBDC, recently declared a quarterly dividend payment scheduled for Wednesday, September 13th. Shareholders as of Wednesday, September 6th will receive a dividend of $0.26 per share. This equates to an annualized dividend of $1.04 and provides investors with a dividend yield of 11.48%. The ex-dividend date for this payment is set for Tuesday, September 5th.
It is worth noting that Barings BDC’s current dividend payout ratio stands at an impressive 121.95%.
Investors and market participants should pay attention to changes in shareholder ownership as it can provide valuable insight into market sentiment and potential trends. With Mirae Asset Global Investments Co. Ltd.’s reduced stake in Barings BDC, it will be interesting to observe how this impacts the stock’s performance moving forward.
This information is based on public filings with the SEC as of August 23rd and may be subject to change or further updates from involved parties.
Please note that this article solely reflects factual information concerning Mirae Asset Global Investments Co. Ltd.’s stake reduction in Barings BDC and does not constitute investment advice or recommendations regarding trading decisions. It is always advisable to conduct thorough research and consult with a qualified financial advisor before making any investment or trading decisions.
Barings BDC, Inc.
BBDC
Buy
Updated on: 07/12/2023
Financial Health
Healthy
Debt to equity ratio: Buy
Price to earnings ratio: Strong Sell
Price to book ratio: Buy
DCF: Strong Buy
ROE: Neutral
Institutional Investors Take Notice of Barings BDC’s Potential in the Market
Institutional investors seem to be taking note of the potential that Barings BDC holds in the market. Recent reports indicate that a number of institutional investors have either increased or decreased their stakes in the stock, showcasing their confidence, or lack thereof, in the company’s performance.
Allworth Financial LP, for instance, has seen its stake in Barings BDC grow by 8.8% during the first quarter. This growth signifies Allworth Financial LP’s belief in the company’s future prospects. Similarly, Northern Trust Corp has also increased its stake in Barings BDC by 13.9% during the second quarter. Envestnet Asset Management Inc. and Mission Wealth Management LP have joined this trend as well with stakes growing by 9.9% and 16.3%, respectively.
On the other hand, Apollon Wealth Management LLC has reduced its stake in Barings BDC by 9.2% during the fourth quarter, signaling a lack of confidence in the stock.
These developments among institutional investors have certainly piqued interest among research analysts who closely monitor such activities. Wells Fargo & Company and Compass Point are two firms that have recently issued reports on Barings BDC with price targets ranging from $7.75 to $9.50 per share.
As for Barings BDC itself, it opened at $9.06 on Wednesday and has shown consistent movement within a certain range over the past few months, according to data from Bloomberg.
Barings BDC last reported its quarterly earnings data on August 9th where it beat consensus estimates of $0.29 earnings per share by reporting $0.31 EPS for the quarter. The company also surpassed analyst revenue estimates generating $75.30 million during the period compared to expectations of $70.64 million.
With these positive results and institutional investors showing interest, there seems to be a moderate buy consensus rating for Barings BDC, accompanied by a consensus price target of $9.75.
Although the stock has seen fluctuations and has traded between a 52-week low of $6.96 and a 52-week high of $10.25, the company’s financial performance and growing interest from institutional investors could contribute to its future stability and growth.
As the fiscal year progresses, equities analysts predict that Barings BDC will post 1.19 EPS, which would further solidify its position in the market.
Overall, while it is important to monitor the volatility of any stock, these recent developments suggest that Barings BDC may be worth keeping an eye on as it continues to attract institutional investors and perform well within its industry.
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