Barings BDC, Inc. (NYSE:BBDC) Shares Sold by Capital Advisory Group Advisory Services LLC

Capital Advisory Group Advisory Services LLC lessened its holdings in Barings BDC, Inc. (NYSE:BBDC) by 11.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,200 shares of the company’s stock after selling 2,100 shares during the quarter. Capital Advisory Group Advisory Services LLC’s holdings in Barings BDC were worth $155,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BBDC. Lee Danner & Bass Inc. acquired a new position in Barings BDC during the fourth quarter worth $25,000. Ameriflex Group Inc. acquired a new position in shares of Barings BDC during the 4th quarter worth $80,000. Nomura Asset Management Co. Ltd. boosted its position in shares of Barings BDC by 276.3% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 10,144 shares of the company’s stock worth $97,000 after buying an additional 7,448 shares in the last quarter. Entropy Technologies LP purchased a new stake in shares of Barings BDC in the 4th quarter worth about $98,000. Finally, Mariner LLC acquired a new stake in Barings BDC in the 4th quarter valued at about $105,000. Institutional investors and hedge funds own 44.09% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on BBDC shares. Wells Fargo & Company upgraded shares of Barings BDC from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $8.50 to $9.50 in a research report on Wednesday, May 28th. Bank of America reduced their target price on Barings BDC from $11.00 to $10.00 and set a “buy” rating on the stock in a research note on Monday, May 19th. Finally, Keefe, Bruyette & Woods dropped their price target on 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.

Barings BDC Price Performance

Barings BDC stock opened at $9.13 on Wednesday. The stock has a market capitalization of $961.86 million, a P/E ratio of 8.77 and a beta of 0.71. Barings BDC, Inc. has a 12-month low of $7.66 and a 12-month high of $10.85. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.14 and a quick ratio of 0.14. The firm’s 50-day moving average is $8.78 and its two-hundred day moving average is $9.46.

Barings BDC (NYSE:BBDC) last announced its earnings results on Thursday, May 8th. The company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.03). Barings BDC had a return on equity of 10.94% and a net margin of 38.54%. The firm had revenue of $64.44 million for the quarter, compared to analyst estimates of $67.78 million. During the same quarter last year, the business posted $0.28 EPS. The firm’s revenue was down 7.7% compared to the same quarter last year. Equities analysts predict that Barings BDC, Inc. will post 1.13 earnings per share for the current year.

Barings BDC Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Wednesday, June 4th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 11.40%. Barings BDC’s payout ratio is currently 110.64%.

Insider Buying and Selling

In other news, CFO Elizabeth A. Murray acquired 3,400 shares of the company’s stock in a transaction dated Friday, June 6th. The stock was acquired at an average cost of $8.84 per share, for a total transaction of $30,056.00. Following the acquisition, the chief financial officer now directly owns 25,387 shares in the company, valued at approximately $224,421.08. This represents a 15.46% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Eric J. Lloyd bought 34,375 shares of the business’s stock in a transaction that occurred on Monday, May 19th. The stock was purchased at an average cost of $9.12 per share, for a total transaction of $313,500.00. Following the completion of the transaction, the chief executive officer now directly owns 73,569 shares in the company, valued at approximately $670,949.28. This trade represents a 87.70% increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 49,997 shares of company stock worth $452,844. 0.52% of the stock is owned by company insiders.

About Barings BDC

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.