OneDigital Investment Advisors LLC Takes $108,000 Position in Barings BDC, Inc. (NYSE:BBDC)

OneDigital Investment Advisors LLC purchased a new position in shares of Barings BDC, Inc. (NYSE:BBDC) during the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 11,275 shares of the company’s stock, valued at approximately $108,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Jane Street Group LLC acquired a new stake in Barings BDC during the 3rd quarter worth approximately $307,000. Franklin Resources Inc. raised its stake in shares of Barings BDC by 38.9% during the third quarter. Franklin Resources Inc. now owns 322,954 shares of the company’s stock worth $3,136,000 after purchasing an additional 90,390 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Barings BDC by 393.7% during the third quarter. JPMorgan Chase & Co. now owns 2,582 shares of the company’s stock worth $25,000 after purchasing an additional 2,059 shares during the period. Confluence Investment Management LLC lifted its holdings in shares of Barings BDC by 0.5% during the fourth quarter. Confluence Investment Management LLC now owns 517,753 shares of the company’s stock worth $4,955,000 after purchasing an additional 2,399 shares during the period. Finally, Harbor Capital Advisors Inc. grew its position in Barings BDC by 2.1% in the 4th quarter. Harbor Capital Advisors Inc. now owns 756,340 shares of the company’s stock valued at $7,238,000 after buying an additional 15,781 shares during the last quarter. Institutional investors and hedge funds own 44.09% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Keefe, Bruyette & Woods cut 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 report on Tuesday, April 8th. Wells Fargo & Company cut their price target on shares of Barings BDC from $10.00 to $9.00 and set an “equal weight” rating for the company in a report on Monday.

Barings BDC Trading Down 0.8 %

Shares of BBDC stock opened at $8.81 on Wednesday. The business’s fifty day moving average price is $9.26 and its 200 day moving average price is $9.63. The firm has a market capitalization of $928.13 million, a PE ratio of 8.47 and a beta of 0.56. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.14 and a quick ratio of 0.14. Barings BDC, Inc. has a 1-year low of $7.66 and a 1-year high of $10.85.

Barings BDC (NYSE:BBDC) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.01). The company had revenue of $70.63 million during the quarter, compared to analysts’ expectations of $69.35 million. Barings BDC had a net margin of 38.54% and a return on equity of 10.94%. As a group, sell-side analysts forecast that Barings BDC, Inc. will post 1.13 EPS for the current fiscal year.

Barings BDC Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, March 5th were given a dividend of $0.26 per share. The ex-dividend date was Wednesday, March 5th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 11.81%. Barings BDC’s payout ratio is 100.00%.

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.