Barings BDC, Inc. (NYSE:BBDC) Stock Holdings Raised by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC raised its stake in Barings BDC, Inc. (NYSE:BBDC) by 10.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 81,649 shares of the company’s stock after purchasing an additional 8,016 shares during the period. Wealth Enhancement Advisory Services LLC owned 0.08% of Barings BDC worth $781,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of BBDC. Cresset Asset Management LLC bought a new stake in shares of Barings BDC in the 4th quarter worth about $16,542,000. Raymond James Financial Inc. acquired a new stake in Barings BDC during the fourth quarter worth about $8,891,000. Wells Fargo & Company MN raised its stake in Barings BDC by 85.4% during the fourth quarter. Wells Fargo & Company MN now owns 705,628 shares of the company’s stock worth $6,753,000 after acquiring an additional 324,945 shares during the period. Icon Advisers Inc. Co. acquired a new stake in Barings BDC during the fourth quarter worth about $2,577,000. Finally, JPMorgan Chase & Co. raised its stake in Barings BDC by 4,532.8% during the fourth quarter. JPMorgan Chase & Co. now owns 119,618 shares of the company’s stock worth $1,145,000 after acquiring an additional 117,036 shares during the period. Institutional investors own 44.09% of the company’s stock.

Insider Buying and Selling at Barings BDC

In other Barings BDC news, CFO Elizabeth A. Murray purchased 3,400 shares of the stock in a transaction dated Friday, June 6th. The stock was bought at an average price of $8.84 per share, for a total transaction of $30,056.00. Following the transaction, the chief financial officer now directly owns 25,387 shares in the company, valued at $224,421.08. This represents a 15.46% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Eric J. Lloyd purchased 34,375 shares of the stock in a transaction dated Monday, May 19th. The shares were acquired at an average price of $9.12 per share, with a total value of $313,500.00. Following the transaction, the chief executive officer now owns 73,569 shares in the company, valued at $670,949.28. This trade represents a 87.70% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 49,997 shares of company stock worth $452,844. 0.52% of the stock is currently owned by corporate insiders.

Barings BDC Stock Performance

Shares of BBDC opened at $9.10 on Tuesday. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.37. The firm has a market cap of $958.69 million, a price-to-earnings ratio of 8.75 and a beta of 0.71. The company’s fifty day moving average is $8.78 and its 200-day moving average is $9.46. Barings BDC, Inc. has a 12 month low of $7.66 and a 12 month high of $10.85.

Barings BDC (NYSE:BBDC) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.03). Barings BDC had a net margin of 38.54% and a return on equity of 10.94%. The firm had revenue of $64.44 million for the quarter, compared to the consensus estimate of $67.78 million. During the same period in the prior year, the business earned $0.28 earnings per share. The company’s revenue for the quarter was down 7.7% on a year-over-year basis. Equities analysts expect that Barings BDC, Inc. will post 1.13 EPS for the current fiscal year.

Barings BDC Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Wednesday, June 4th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 11.43%. Barings BDC’s payout ratio is presently 110.64%.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Bank of America decreased their target price on shares of Barings BDC from $11.00 to $10.00 and set a “buy” rating for the company in a research report on Monday, May 19th. Wells Fargo & Company upgraded shares of Barings BDC from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $8.50 to $9.50 in a report on Wednesday, May 28th. Finally, Keefe, Bruyette & Woods cut their target price on shares of Barings BDC from $10.50 to $9.50 and set a “market perform” rating for the company in a research note on Tuesday, April 8th.

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.