J.W. Cole Advisors Inc. Buys Shares of 25,158 Barings BDC, Inc. (NYSE:BBDC)

J.W. Cole Advisors Inc. bought a new stake in shares of Barings BDC, Inc. (NYSE:BBDCGet Rating) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 25,158 shares of the company’s stock, valued at approximately $260,000.

Several other hedge funds and other institutional investors have also bought and sold shares of BBDC. Bank of America Corp DE boosted its position in shares of Barings BDC by 188.8% in the 4th quarter. Bank of America Corp DE now owns 187,041 shares of the company’s stock worth $2,061,000 after purchasing an additional 122,267 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Barings BDC in the 4th quarter worth $156,000. Clough Capital Partners L P boosted its position in shares of Barings BDC by 106.2% in the 4th quarter. Clough Capital Partners L P now owns 799,916 shares of the company’s stock worth $8,815,000 after purchasing an additional 411,990 shares in the last quarter. Callodine Capital Management LP boosted its position in shares of Barings BDC by 13.1% in the 4th quarter. Callodine Capital Management LP now owns 735,000 shares of the company’s stock worth $8,100,000 after purchasing an additional 85,000 shares in the last quarter. Finally, Ares Management LLC boosted its position in shares of Barings BDC by 12.3% in the 4th quarter. Ares Management LLC now owns 4,730,652 shares of the company’s stock worth $52,132,000 after purchasing an additional 517,949 shares in the last quarter. Institutional investors own 48.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on BBDC shares. TheStreet cut Barings BDC from a “b” rating to a “c” rating in a research report on Monday, August 22nd. Raymond James cut Barings BDC from a “strong-buy” rating to an “outperform” rating and lowered their price target for the stock from $12.50 to $11.50 in a research report on Thursday, August 11th.

Barings BDC Stock Performance

Shares of BBDC opened at $9.43 on Wednesday. The stock has a 50-day moving average of $9.84 and a two-hundred day moving average of $10.02. Barings BDC, Inc. has a one year low of $9.18 and a one year high of $11.55. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.39 and a current ratio of 0.39. The stock has a market cap of $1.03 billion, a P/E ratio of 22.45 and a beta of 0.57.

Barings BDC (NYSE:BBDCGet Rating) last issued its quarterly earnings results on Tuesday, August 9th. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.05. Barings BDC had a return on equity of 7.97% and a net margin of 12.83%. The company had revenue of $55.59 million during the quarter, compared to analysts’ expectations of $50.94 million. During the same quarter in the previous year, the firm posted $0.22 EPS. The firm’s revenue was up 67.7% compared to the same quarter last year. As a group, research analysts predict that Barings BDC, Inc. will post 1.03 EPS for the current year.

Barings BDC Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 14th. Shareholders of record on Wednesday, September 7th were paid a dividend of $0.24 per share. The ex-dividend date was Tuesday, September 6th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 10.18%. Barings BDC’s payout ratio is currently 228.57%.

Barings BDC Profile

(Get Rating)

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 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.

Further Reading

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Institutional Ownership by Quarter for Barings BDC (NYSE:BBDC)

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