Raymond James & Associates Has $1.28 Million Stock Holdings in Barings BDC, Inc. (NYSE:BBDC)

Raymond James & Associates cut its holdings in Barings BDC, Inc. (NYSE:BBDC) by 6.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 149,454 shares of the company’s stock after selling 11,003 shares during the quarter. Raymond James & Associates’ holdings in Barings BDC were worth $1,282,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in BBDC. Ares Management LLC lifted its stake in Barings BDC by 13.1% in the first quarter. Ares Management LLC now owns 5,350,155 shares of the company’s stock valued at $55,321,000 after acquiring an additional 619,503 shares during the last quarter. BlackRock Inc. lifted its stake in Barings BDC by 111.0% in the third quarter. BlackRock Inc. now owns 895,635 shares of the company’s stock valued at $7,407,000 after acquiring an additional 471,096 shares during the last quarter. Millennium Management LLC lifted its stake in Barings BDC by 81.6% in the second quarter. Millennium Management LLC now owns 910,114 shares of the company’s stock valued at $8,473,000 after acquiring an additional 408,846 shares during the last quarter. Wells Fargo & Company MN lifted its stake in Barings BDC by 37.2% in the second quarter. Wells Fargo & Company MN now owns 1,502,222 shares of the company’s stock valued at $13,986,000 after acquiring an additional 407,203 shares during the last quarter. Finally, Legal & General Group Plc lifted its stake in shares of Barings BDC by 88.0% in the second quarter. Legal & General Group Plc now owns 666,606 shares of the company’s stock worth $6,209,000 after buying an additional 312,049 shares during the last quarter. 44.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Barings BDC Price Performance

Shares of Barings BDC stock opened at $9.20 on Friday. The firm has a fifty day simple moving average of $9.28 and a 200-day simple moving average of $9.03. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.60. Barings BDC, Inc. has a 1-year low of $6.96 and a 1-year high of $9.89. The stock has a market capitalization of $975.31 million, a price-to-earnings ratio of 7.72 and a beta of 0.63.

Barings BDC (NYSE:BBDC) last issued its quarterly earnings data on Friday, February 23rd. The company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.01. Barings BDC had a net margin of 44.26% and a return on equity of 10.63%. The business had revenue of $75.85 million during the quarter, compared to analysts’ expectations of $71.25 million. During the same period in the previous year, the company earned $0.34 earnings per share. On average, sell-side analysts expect that Barings BDC, Inc. will post 1.21 earnings per share for the current year.

Barings BDC Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 13th. Investors of record on Wednesday, March 6th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 11.31%. The ex-dividend date of this dividend was Tuesday, March 5th. Barings BDC’s dividend payout ratio (DPR) is currently 87.39%.

Barings BDC Company 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.