Sequoia Financial Advisors LLC Purchases Shares of 39,794 Barings BDC, Inc. (NYSE:BBDC)

Sequoia Financial Advisors LLC acquired a new position in shares of Barings BDC, Inc. (NYSE:BBDC) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 39,794 shares of the company’s stock, valued at approximately $341,000.

A number of other institutional investors and hedge funds have also made changes to their positions in BBDC. Point72 Hong Kong Ltd acquired a new stake in shares of Barings BDC during the 2nd quarter worth $28,000. Tyler Stone Wealth Management acquired a new stake in shares of Barings BDC during the 2nd quarter worth $30,000. Lake Point Wealth Management increased its holdings in shares of Barings BDC by 3,008.0% during the 1st quarter. Lake Point Wealth Management now owns 3,108 shares of the company’s stock worth $32,000 after buying an additional 3,008 shares during the last quarter. Advisory Services Network LLC increased its holdings in shares of Barings BDC by 140.9% during the 1st quarter. Advisory Services Network LLC now owns 4,586 shares of the company’s stock worth $36,000 after buying an additional 2,682 shares during the last quarter. Finally, Bartlett & CO. Wealth Management LLC acquired a new stake in shares of Barings BDC during the 4th quarter worth $43,000. 44.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Barings BDC Stock Up 0.3 %

Shares of NYSE BBDC opened at $9.25 on Friday. Barings BDC, Inc. has a 12-month low of $6.96 and a 12-month high of $9.89. The company has a market cap of $980.62 million, a P/E ratio of 7.77 and a beta of 0.63. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.60. The stock has a fifty day moving average price of $9.27 and a 200 day moving average price of $9.03.

Barings BDC (NYSE:BBDC) last announced its quarterly earnings results on Friday, February 23rd. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.01. Barings BDC had a return on equity of 10.63% and a net margin of 44.26%. The firm had revenue of $75.85 million during the quarter, compared to the consensus estimate of $71.25 million. During the same period in the prior year, the firm earned $0.34 EPS. Research analysts anticipate that Barings BDC, Inc. will post 1.21 EPS for the current fiscal year.

Barings BDC Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Investors of record on Wednesday, March 6th were issued a $0.26 dividend. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $1.04 annualized dividend and a yield of 11.25%. Barings BDC’s dividend payout ratio is currently 87.39%.

Barings BDC Profile

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.