5 Best BDC Stocks To Buy

4. Barings BDC, Inc. (NYSE:BBDC)

Number of Hedge Fund Holders: 10

Barings BDC, Inc. (NYSE:BBDC) is an externally-managed business development company that makes debt investments in middle-market companies. The company started paying dividends in 2018 and has raised its payouts multiple times since then. It currently pays a quarterly dividend of $0.24 per share and has a dividend yield of 11.35%, as of December 15.

In Q3 2022, Barings BDC, Inc. (NYSE:BBDC) reported a 61% year-over-year growth in its total investment income of $56.3 million. At the end of September, the company had cash and foreign currencies of $137.3 million. In the first nine months of the year, it generated over $109.6 million in operating cash flow.

As of the close of Q3 2022, 10 hedge funds in Insider Monkey’s database owned stakes in Barings BDC, Inc. (NYSE:BBDC), compared with 11 in the previous quarter. The collective value of these stakes is over $35.5 million.