Barings BDC, Inc. (NYSE:BBDC) Shares Sold by SeaCrest Wealth Management LLC

SeaCrest Wealth Management LLC reduced its position in shares of Barings BDC, Inc. (NYSE:BBDCFree Report) by 10.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,349 shares of the company’s stock after selling 2,538 shares during the period. SeaCrest Wealth Management LLC’s holdings in Barings BDC were worth $200,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Bouchey Financial Group Ltd acquired a new position in shares of Barings BDC during the fourth quarter worth $88,000. Kingswood Wealth Advisors LLC acquired a new position in shares of Barings BDC during the fourth quarter worth $161,000. Bartlett & CO. Wealth Management LLC acquired a new stake in Barings BDC in the fourth quarter valued at $43,000. WNY Asset Management LLC raised its holdings in Barings BDC by 14.5% in the third quarter. WNY Asset Management LLC now owns 75,830 shares of the company’s stock valued at $676,000 after acquiring an additional 9,615 shares in the last quarter. Finally, Dimension Capital Management LLC raised its holdings in Barings BDC by 7.3% in the third quarter. Dimension Capital Management LLC now owns 807,564 shares of the company’s stock valued at $7,195,000 after acquiring an additional 55,232 shares in the last quarter. 44.09% of the stock is owned by institutional investors and hedge funds.

Barings BDC Trading Up 1.3 %

BBDC opened at $9.30 on Monday. The stock has a market capitalization of $986.45 million, a PE ratio of 7.82 and a beta of 0.64. The firm’s fifty day moving average price is $9.20 and its 200 day moving average price is $8.99. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.17 and a quick ratio of 0.17. Barings BDC, Inc. has a 12-month low of $6.96 and a 12-month high of $9.89.

Barings BDC (NYSE:BBDCGet Free Report) last released its earnings results on Friday, February 23rd. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.01. Barings BDC had a net margin of 44.26% and a return on equity of 10.63%. The firm had revenue of $75.85 million during the quarter, compared to analyst estimates of $71.25 million. During the same quarter in the previous year, the firm earned $0.34 earnings per share. As a group, research analysts expect that Barings BDC, Inc. will post 1.21 EPS for the current fiscal year.

Barings BDC Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 13th. Shareholders of record on Wednesday, March 6th were paid a dividend of $0.26 per share. The ex-dividend date was Tuesday, March 5th. This represents a $1.04 annualized dividend and a yield of 11.18%. Barings BDC’s payout ratio is 87.39%.

Analyst Ratings Changes

Separately, Wells Fargo & Company upped their price target on shares of Barings BDC from $8.50 to $8.75 and gave the company an “equal weight” rating in a report on Monday, January 29th.

Read Our Latest Stock Report on Barings BDC

Barings BDC Profile

(Free Report)

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.

See Also

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

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