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 in the first quarter valued at $33,000. Geneos Wealth Management Inc. increased its position in shares of Barings BDC by 108.6% during the 4th 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 in the first quarter valued at $39,000. TCI Wealth Advisors Inc. bought a new stake in shares of Barings BDC in the first quarter valued at $43,000. Finally, Newbridge Financial Services Group Inc. bought a new stake in shares of Barings BDC in the first quarter valued at $71,000. The institutional investor owned 66.03% of the company’s stock.
Price performance of Barings BDC
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. has a 1-year low of $9.18 and a 1-year high of $11.55.
Barings BDC (NYSE:BBDC – Get Rating) last posted its earnings results on Tuesday, August 9. The company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.02). The firm had revenue of $55.59 million for 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 for the quarter was up 67.7% on a year-over-year basis. In the same quarter last year, the company reported $0.22 EPS. Equities analysts predict that Barings BDC, Inc. will post 1.03 EPS for the current fiscal year.
Barings BDC declares 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-dividend date of this dividend is Tuesday, September 6th. This represents an annualized dividend of $0.96 and a dividend yield of 9.45%. Barings BDC’s dividend payout ratio is 228.57%.
Changes in analyst ratings
A number of analysts have 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 decreased their price objective for the company from $12.50 to $11.50 in a research report on Thursday, August 11th. Finally, Wells Fargo & Company dropped 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 25th.
Barings BDC profile
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, senior debt , unitranche, second lien debt, subordinated debt, equity co-investments and senior secured private debt investments in private middle market companies that operate in a wide range of industries.
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