Barings Bdc, Inc. (NYSE:BBDC) Shares Purchased by Global Assets Advisory LLC

Global Assets Advisory LLC boosted its position in Barings Bdc, Inc. (NYSE:BBDC) by 206.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 35,040 shares of the company’s stock after purchasing an additional 23,588 shares during the quarter. Global Assets Advisory LLC’s holdings in Barings Bdc were worth $334,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in BBDC. PFG Investments LLC increased its stake in shares of Barings Bdc by 37.2% during the 1st quarter. PFG Investments LLC now owns 16,831 shares of the company’s stock valued at $161,000 after acquiring an additional 4,563 shares during the last quarter. Kingswood Wealth Advisors LLC increased its stake in shares of Barings Bdc by 148.0% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 81,335 shares of the company’s stock valued at $774,000 after acquiring an additional 48,543 shares during the last quarter. Sowell Financial Services LLC acquired a new position in shares of Barings Bdc during the 1st quarter valued at about $114,000. Wealth Enhancement Advisory Services LLC increased its stake in shares of Barings Bdc by 86.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 152,340 shares of the company’s stock valued at $1,453,000 after acquiring an additional 70,691 shares during the last quarter. Finally, Patriot Financial Group Insurance Agency LLC increased its stake in shares of Barings Bdc by 107.6% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 46,601 shares of the company’s stock valued at $445,000 after acquiring an additional 24,152 shares during the last quarter. Institutional investors and hedge funds own 44.09% of the company’s stock.

Analyst Ratings Changes

BBDC has been the subject of a number of research analyst reports. Bank of America dropped their price objective on shares of Barings Bdc from $11.00 to $10.00 and set a “buy” rating for the company in a research note on Monday, May 19th. Wells Fargo & Company raised shares of Barings Bdc from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $8.50 to $9.50 in a research note on Wednesday, May 28th. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of Barings Bdc from $10.50 to $9.50 and set a “market perform” rating for the company in a research note on Tuesday, April 8th.

Insider Transactions at Barings Bdc

In related news, Director Stephen R. Byers purchased 8,700 shares of the firm’s stock in a transaction on Friday, June 6th. The stock was purchased at an average price of $8.89 per share, for a total transaction of $77,343.00. Following the acquisition, the director now directly owns 59,734 shares in the company, valued at $531,035.26. The trade was a 17.05% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Matthew Freund purchased 3,522 shares of the firm’s stock in a transaction on Monday, May 19th. The stock was bought at an average price of $9.07 per share, with a total value of $31,944.54. Following the acquisition, the president now owns 20,002 shares in the company, valued at $181,418.14. This trade represents a 21.37% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders bought 49,997 shares of company stock worth $452,844. 0.52% of the stock is currently owned by company insiders.

Barings Bdc Stock Down 0.4%

Shares of NYSE:BBDC opened at $9.00 on Thursday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.13 and a current ratio of 0.13. Barings Bdc, Inc. has a 1 year low of $7.66 and a 1 year high of $10.85. The stock has a market capitalization of $948.69 million, a P/E ratio of 9.57 and a beta of 0.71. The stock has a 50-day simple moving average of $8.93 and a 200-day simple moving average of $9.38.

Barings Bdc (NYSE:BBDC) last issued its earnings results on Thursday, May 8th. The company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.03). Barings Bdc had a return on equity of 10.74% and a net margin of 35.21%. The firm had revenue of $64.44 million for the quarter, compared to analysts’ expectations of $67.78 million. During the same quarter in the previous year, the firm posted $0.28 EPS. The firm’s revenue for the quarter was down 7.7% compared to the same quarter last year. Equities analysts forecast that Barings Bdc, Inc. will post 1.13 earnings per share for the current year.

Barings Bdc Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 11th. Stockholders of record on Wednesday, June 4th were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 11.56%. Barings Bdc’s payout ratio is currently 110.64%.

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.