14,890 Shares in Barings BDC, Inc. (NYSE:BBDC) Bought by Financial Gravity Asset Management Inc.

Financial Gravity Asset Management Inc. bought a new position in Barings BDC, Inc. (NYSE:BBDC) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 14,890 shares of the company’s stock, valued at approximately $118,000.

Other large investors have also made changes to their positions in the company. Wedbush Securities Inc. raised its position in Barings BDC by 4.8% in the first quarter. Wedbush Securities Inc. now owns 31,274 shares of the company’s stock valued at $248,000 after purchasing an additional 1,429 shares during the period. Allworth Financial LP grew its stake in shares of Barings BDC by 8.8% during the first quarter. Allworth Financial LP now owns 20,197 shares of the company’s stock valued at $160,000 after acquiring an additional 1,629 shares in the last quarter. Northern Trust Corp grew its stake in shares of Barings BDC by 13.9% during the second quarter. Northern Trust Corp now owns 15,577 shares of the company’s stock valued at $145,000 after acquiring an additional 1,900 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Barings BDC by 9.9% during the third quarter. Envestnet Asset Management Inc. now owns 22,095 shares of the company’s stock valued at $183,000 after acquiring an additional 1,989 shares in the last quarter. Finally, Mission Wealth Management LP grew its stake in shares of Barings BDC by 16.3% during the first quarter. Mission Wealth Management LP now owns 14,285 shares of the company’s stock valued at $113,000 after acquiring an additional 2,000 shares in the last quarter. 49.03% of the stock is owned by hedge funds and other institutional investors.

Barings BDC Stock Up 1.4 %

NYSE:BBDC opened at $8.90 on Monday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.18 and a current ratio of 0.18. The stock has a 50-day simple moving average of $8.53 and a 200 day simple moving average of $8.04. Barings BDC, Inc. has a one year low of $6.96 and a one year high of $9.78. The company has a market capitalization of $947.99 million, a price-to-earnings ratio of 10.85 and a beta of 0.67.

Barings BDC (NYSE:BBDC) last issued its earnings results on Wednesday, August 9th. The company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.02. Barings BDC had a return on equity of 10.43% and a net margin of 33.71%. The company had revenue of $75.30 million during the quarter, compared to the consensus estimate of $70.64 million. During the same period in the previous year, the firm posted $0.29 earnings per share. Barings BDC’s quarterly revenue was up 35.5% compared to the same quarter last year. Sell-side analysts predict that Barings BDC, Inc. will post 1.19 EPS for the current fiscal year.

Barings BDC Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 13th. Shareholders of record on Wednesday, September 6th will be paid a $0.26 dividend. The ex-dividend date is Tuesday, September 5th. This represents a $1.04 dividend on an annualized basis and a yield of 11.69%. Barings BDC’s payout ratio is currently 126.83%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Wells Fargo & Company raised their target price on Barings BDC from $7.75 to $9.25 and gave the company an “overweight” rating in a research note on Friday, August 11th. Compass Point raised their target price on Barings BDC from $8.50 to $9.50 and gave the company a “buy” rating in a research note on Wednesday, August 16th. Finally, TheStreet upgraded Barings BDC from a “c+” rating to a “b-” rating in a research note on Friday, September 1st. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $9.75.

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.