Barings Bdc, Inc. $BBDC Shares Purchased by Ethos Financial Group LLC

Ethos Financial Group LLC lifted its position in Barings Bdc, Inc. (NYSE:BBDC) by 13.1% in the 2nd quarter, Holdings Channel.com reports. The fund owned 72,924 shares of the company’s stock after acquiring an additional 8,439 shares during the period. Ethos Financial Group LLC’s holdings in Barings Bdc were worth $667,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Financial Gravity Asset Management Inc. acquired a new stake in shares of Barings Bdc during the 1st quarter valued at approximately $2,878,000. Y Intercept Hong Kong Ltd acquired a new position in Barings Bdc in the second quarter worth $1,305,000. MQS Management LLC bought a new stake in Barings Bdc during the first quarter valued at $617,000. Kingstone Capital Partners Texas LLC raised its holdings in shares of Barings Bdc by 293,218.8% during the second quarter. Kingstone Capital Partners Texas LLC now owns 43,616,506 shares of the company’s stock worth $413,770,000 after purchasing an additional 43,601,636 shares during the period. Finally, Lansforsakringar Fondforvaltning AB publ acquired a new stake in shares of Barings Bdc during the first quarter worth $372,000. 44.09% of the stock is currently owned by institutional investors.

Barings Bdc Price Performance

Shares of NYSE BBDC opened at $9.00 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.09 and a quick ratio of 0.09. The firm has a market capitalization of $946.43 million, a PE ratio of 9.38 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 business’s fifty day moving average price is $9.01 and its two-hundred day moving average price is $9.14.

Barings Bdc (NYSE:BBDC) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.27 by $0.05. Barings Bdc had a net margin of 35.67% and a return on equity of 9.76%. The business had revenue of $72.40 million during the quarter, compared to analyst estimates of $69.71 million. During the same quarter in the prior year, the firm earned $0.29 earnings per share. On average, research analysts expect that Barings Bdc, Inc. will post 1.13 EPS for the current year.

Barings Bdc Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Wednesday, December 3rd will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 11.6%. The ex-dividend date of this dividend is Wednesday, December 3rd. Barings Bdc’s payout ratio is 108.33%.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Barings Bdc in a report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $9.67.

Barings Bdc Company 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.