Strategic Wealth Advisors Group LLC bought a new stake in shares of Barings BDC, Inc. (NYSE:BBDC – Get Rating ) during the first quarter, according to the company in its most recent filing with the SEC. The fund purchased 89,481 shares of the company’s stock, valued at approximately $940,000. Strategic Wealth Advisors Group LLC owned about 0.14% of Barings BDC as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Carolina Wealth Advisors LLC bought a new stake in shares of Barings BDC during the first quarter valued at $33,000. Geneos Wealth Management Inc. increased its position in shares of Barings BDC by 108.6% during the fourth quarter. Geneos Wealth Management Inc. now owns 3,457 shares of the company’s stock valued at $38,000 after buying an additional 1,800 shares during the last quarter. Curi Wealth Management LLC purchased a new stake in shares of Barings BDC during the first quarter valued at $39,000. TCI Wealth Advisors Inc. purchased a new stake in shares of Barings BDC during the first quarter valued at $43,000. Finally, Newbridge Financial Services Group Inc. bought a new stake in shares of Barings BDC during the first quarter valued at $71,000. Institutional investors own 66.03% of the company’s shares.
Barings BDC Price Performance
Shares of BBDC stock opened at $10.16 on Friday. The stock has a 50-day moving average of $9.68 and a 200-day moving average of $10.20. The stock has a market cap of $1.11 billion, a PE ratio of 24.19 and a beta of 0.60. The company has a current ratio of 0.39, a quick ratio of 0.39, and a debt-to-equity ratio of 0.65. Barings BDC, Inc. it has a one year low of $9.18 and a one year high of $11.55.
Barings BDC (NYSE:BBDC – Get Rating) last posted its earnings results on Tuesday, August 9th. The company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.02). The company had revenue of $55.59 million during the quarter, compared to the consensus estimate of $50.94 million. Barings BDC had a return on equity of 7.97% and a net margin of 12.83%. Barings BDC’s revenue during the quarter was up 67.7% on a year-over-year basis. During the same quarter last year, the company posted $0.22 EPS. Equities analysts predict that Barings BDC, Inc. will post 1.03 EPS for the current fiscal year.
Barings BDC announces dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 14th. Stockholders of record on Wednesday, September 7th will be paid a dividend of $0.24 per share. The ex-gratia date for this dividend is Tuesday, September 6. This represents an annual dividend of $0.96 and a dividend yield of 9.45%. Barings BDC’s dividend payout ratio is 228.57%.
Changes in analyst ratings
Several analysts recently commented on BBDC shares. TheStreet upgraded shares of Barings BDC from a “c” rating to a “b” rating in a research report on Wednesday, May 25th. Raymond James cut shares of Barings BDC from a “strong-buy” rating to an “outperform” rating and cut their price objective for the company from $12.50 to $11.50 in a investigative report on Thursday, August 11. Finally, Wells Fargo & Company reduced their price objective on shares of Barings BDC from $13.00 to $12.50 and set an “overweight” rating for the company in a research report on Monday. April 25
Barings BDC profile
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Barings BDC, Inc (NYSE: BBDC) 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 mainly in secured loans, first lien debt. , unitranche, second lien debt, subordinated debt, equity co-investment and senior secured private debt investments in private middle market companies operating in a wide range of industries.
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