Cobblestone Capital Advisors LLC NY Sells 1,965 Shares of BARINGS BDC, INC. $BBDC

Cobblestone Capital Advisors LLC NY lowered its holdings in BARINGS BDC, INC. (NYSE:BBDC) by 12.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 14,315 shares of the company’s stock after selling 1,965 shares during the quarter. Cobblestone Capital Advisors LLC NY’s holdings in BARINGS BDC were worth $131,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of BBDC. Wealth Enhancement Advisory Services LLC lifted its position in shares of BARINGS BDC by 86.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 152,340 shares of the company’s stock worth $1,453,000 after purchasing an additional 70,691 shares in the last quarter. Golden State Wealth Management LLC acquired a new position in BARINGS BDC in the first quarter valued at approximately $37,000. Sumitomo Mitsui Trust Group Inc. lifted its holdings in BARINGS BDC by 8.5% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 262,910 shares of the company’s stock valued at $2,508,000 after buying an additional 20,680 shares during the period. Financial Gravity Asset Management Inc. acquired a new position in shares of BARINGS BDC in the 1st quarter valued at $2,878,000. Finally, Stephens Inc. AR lifted its stake in shares of BARINGS BDC by 19.5% in the 1st quarter. Stephens Inc. AR now owns 22,857 shares of the company’s stock valued at $218,000 after purchasing an additional 3,724 shares during the period. 44.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “hold (c+)” rating on shares of BARINGS BDC in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $9.67.

BARINGS BDC Stock Performance

Shares of BARINGS BDC stock opened at $9.05 on Tuesday. The company has a market capitalization of $951.17 million, a PE ratio of 9.42 and a beta of 0.72. BARINGS BDC, INC. has a 12 month low of $7.66 and a 12 month high of $10.85. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.47. The stock’s fifty day simple moving average is $9.12 and its 200 day simple moving average is $9.11.

BARINGS BDC (NYSE:BBDC) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.02. BARINGS BDC had a return on equity of 9.76% and a net margin of 35.67%.The company had revenue of $74.40 million for the quarter, compared to analyst estimates of $66.41 million. During the same quarter last year, the firm posted $0.40 earnings per share. On average, research analysts predict that BARINGS BDC, INC. will post 1.13 EPS for the current year.

BARINGS BDC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Wednesday, December 3rd will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 11.5%. The ex-dividend date of this dividend is Wednesday, December 3rd. BARINGS BDC’s dividend payout ratio (DPR) is currently 108.33%.

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.