Koshinski Asset Management Inc. Sells 3,546 Shares of Barings Bdc, Inc. (NYSE:BBDC)

Koshinski Asset Management Inc. lowered its holdings in Barings Bdc, Inc. (NYSE:BBDC) by 7.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,612 shares of the company’s stock after selling 3,546 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Barings Bdc were worth $416,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of BBDC. Truist Financial Corp purchased a new stake in Barings Bdc in the fourth quarter worth approximately $112,000. Steward Partners Investment Advisory LLC lifted its holdings in shares of Barings Bdc by 4.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 39,478 shares of the company’s stock valued at $378,000 after buying an additional 1,565 shares during the period. Raymond James Financial Inc. bought a new position in shares of Barings Bdc during the 4th quarter valued at $8,891,000. Jackson Hole Capital Partners LLC purchased a new position in shares of Barings Bdc in the 4th quarter worth $115,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Barings Bdc in the fourth quarter worth $226,000. 44.09% of the stock is owned by institutional investors.

Barings Bdc Trading Up 0.7%

Shares of Barings Bdc stock opened at $9.23 on Thursday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.13 and a quick ratio of 0.13. The stock has a market capitalization of $972.93 million, a PE ratio of 9.82 and a beta of 0.70. Barings Bdc, Inc. has a 1-year low of $7.66 and a 1-year high of $10.85. The company’s fifty day simple moving average is $8.99 and its 200-day simple moving average is $9.36.

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

Barings Bdc Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 11th. Stockholders of record on Wednesday, June 4th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 11.27%. Barings Bdc’s payout ratio is currently 110.64%.

Insider Buying and Selling

In other news, Director Stephen R. Byers purchased 8,700 shares of the company’s stock in a transaction on Friday, June 6th. The stock was acquired at an average cost of $8.89 per share, for a total transaction of $77,343.00. Following the completion of the transaction, the director directly owned 59,734 shares in the company, valued at $531,035.26. This trade represents a 17.05% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, President Matthew Freund acquired 3,522 shares of Barings Bdc stock in a transaction dated Monday, May 19th. The stock was purchased at an average cost of $9.07 per share, with a total value of $31,944.54. Following the completion of the purchase, the president owned 20,002 shares of the company’s stock, valued at approximately $181,418.14. This 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 have purchased 49,997 shares of company stock valued at $452,844. Insiders own 0.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on BBDC shares. Bank of America lowered their target price on Barings Bdc from $11.00 to $10.00 and set a “buy” rating on the stock in a report 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 target for the company from $8.50 to $9.50 in a research report 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 on the stock in a report on Tuesday, April 8th.

Barings Bdc Profile

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.