Truist Financial Corp Has $450,000 Stock Holdings in Barings BDC, Inc. (NYSE:BBDC)

Truist Financial Corp cut its position in Barings BDC, Inc. (NYSE:BBDC – Get Rating) by 37.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 43,492 shares of the company’s stock after selling 25,705 shares during the period. Truist Financial Corp’s holdings in Barings BDC were worth $450,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Ares Management LLC raised its holdings in Barings BDC by 12.3% in the fourth 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 during the period. Clough Capital Partners L P raised its holdings in Barings BDC by 106.2% in the fourth 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 during the period. Dimension Capital Management LLC increased its position in shares of Barings BDC by 5.5% during the fourth quarter. Dimension Capital Management LLC now owns 783,906 shares of the company’s stock worth $8,640,000 after acquiring an additional 40,986 shares in the last quarter. Callodine Capital Management LP increased its position in shares of Barings BDC by 13.1% during the fourth quarter. Callodine Capital Management LP now owns 735,000 shares of the company’s stock worth $8,100,000 after acquiring an additional 85,000 shares in the last quarter. Finally, Nicola Wealth Management LTD. increased its position in shares of Barings BDC by 54.3% during the fourth quarter. Nicola Wealth Management LTD. now owns 614,000 shares of the company’s stock worth $6,776,000 after acquiring an additional 216,000 shares in the last quarter. 66.03% of the stock is currently owned by institutional investors and hedge funds.

Barings BDC Stock Up 0.9 %

Barings BDC stock opened at $9.67 on Thursday. The company has a market cap of $1.07 billion, a P/E ratio of 8.79 and a beta of 0.59. Barings BDC, Inc. has a 1-year low of $9.18 and a 1-year high of $11.55. The company has a fifty day simple moving average of $9.74 and a 200 day simple moving average of $10.29. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.57.

Barings BDC (NYSE:BBDC – Get Rating) last released its earnings results on Thursday, May 5th. The company reported $0.23 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.23. The business had revenue of $43.76 million during the quarter, compared to the consensus estimate of $39.20 million. Barings BDC had a net margin of 51.33% and a return on equity of 7.17%. During the same quarter last year, the firm earned $0.22 earnings per share. Research analysts anticipate that Barings BDC, Inc. will post 0.96 earnings per share for the current fiscal year.

Barings BDC Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 15th. Shareholders of record on Wednesday, June 8th were paid a $0.24 dividend. The ex-dividend date was Tuesday, June 7th. This represents a $0.96 dividend on an annualized basis and a yield of 9.93%. This is a boost from Barings BDC’s previous quarterly dividend of $0.23. Barings BDC’s dividend payout ratio (DPR) is currently 87.27%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on BBDC. Wells Fargo & Company lowered 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. TheStreet raised shares of Barings BDC from a “c” rating to a “b” rating in a research report on Wednesday, May 25th.

Insider Buying and Selling at Barings BDC

In other news, Director Stephen R. Byers purchased 16,035 shares of the business’s stock in a transaction on Monday, May 9th. The stock was purchased at an average price of $10.25 per share, for a total transaction of $164,358.75. Following the completion of the purchase, the director now directly owns 16,035 shares in the company, valued at approximately $164,358.75. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders bought a total of 18,121 shares of company stock worth $185,749 over the last quarter. 0.43% of the stock is currently owned by insiders.

About Barings BDC

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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.