Patriot Financial Group Insurance Agency LLC has sold shares of Barings BDC, Inc. (NYSE:BBDC – GET Rating), according to its most recent filings with the Securities and Exchange Commission (SEC). The fund acquired 37,840 shares of the company’s shares, valued at approximately $391,000. Patriot Financial Group Insurance Agency LLC owns approximately 0.06% of Barings BDC as of the most recent SEC filing.
Other institutional investors have also changed their positions in the company. Carolina Wealth Advisors LLC acquired a $33,000 new stake in Barings BDC during the first quarter. Genos Wealth Management Inc. increased its stake in Barings BDC to 108.6% in the fourth quarter. After purchasing an additional 1,800 shares in the previous quarter, Genos Wealth Management Inc. now owns 3,457 shares of the company, valued at $38,000. Curie Wealth Management LLC acquired a new $39,000 stake in Barings BDC during the first quarter. TCI Wealth Advisors Inc. acquired a new stake in Barings BDC valued at $43,000 during the first quarter. Finally, Newbridge Financial Services Group Inc. acquired a new $71,000 stake in Barings BDC during the first quarter. 66.03% of the shares are owned by institutional investors and hedge funds.
Barings BDC stock performance
Shares of BBDC opened at $10.16 on Monday. The company has a market cap of $1.11 billion, a P/E of 24.19 and a beta of 0.60. The company’s 50-day simple moving average is $9.68 and its 200-day simple moving average is $10.20. Barings BDC, Inc. 52-week low is $9.18 and 52-week high is $11.55. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt to equity ratio of 0.65.
Barings BDC (NYSE: BBDC – GET RATINGS) last reported its quarterly earnings results on Tuesday, August 9th. The company reported earnings per share of $0.22 for the quarter, not missing the consensus estimate of $0.24 ($0.02). The company’s revenue for the quarter was $55.59 million compared to analyst estimates of $50.94 million. Barings BDC had a return on equity of 7.97% and a net margin of 12.83%. Operating income for the quarter increased 67.7% compared to the same quarter last year. In the same period last year, the company earned $0.22 per share. The sell-off analysts expect Barings BDC, Inc. 1.03 earnings per share for the current financial year.
Barings BDC declares dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 14th. A dividend of $0.24 will be paid to investors of record on Wednesday, September 7th. That equates to an annual dividend of $0.96 and a yield of 9.45%. The ex-dividend date of this dividend is Tuesday September 6th. Barings BDC’s payout ratio is currently 228.57%.
Wall Street analyst ponders
Several research firms have recently commented on BBDC. Wells Fargo & Co. lowered its target price on shares of Barings BDC from $13.00 to $12.50 and gave the company an overweight rating in a research report on Monday, April 25. Raymond James downgraded shares of Barings BDC from a “strong buy” rating to a “outperform” rating in a research report on Thursday, August 11 and lowered his price target on the stock from $12.50 to $11.50. Finally, The Street upgraded shares of Barings BDC from a “C” rating to a “B” rating in a research report on Wednesday 25th May.
About Barings BDC
Barings BDC, Inc. (NYSE: BBDC) is a publicly traded, externally managed investment company selected for business development company treatment under the Investment Companies Act of 1940. It primarily seeks investments in senior secured loans to pawnbrokers. , unitranche, second lien loans, subordinated debt, equity co-investments and senior secured private debt investments in private middle market companies active in a variety of industries.
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