Sequoia Financial Advisors LLC Sells 4,426 Shares of BARINGS BDC, INC. (NYSE:BBDC)

Sequoia Financial Advisors LLC trimmed its holdings in BARINGS BDC, INC. (NYSE:BBDC) by 11.9% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 32,643 shares of the company’s stock after selling 4,426 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in BARINGS BDC were worth $311,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of BBDC. Cetera Investment Advisers grew its stake in shares of BARINGS BDC by 1.3% during the 4th quarter. Cetera Investment Advisers now owns 74,839 shares of the company’s stock valued at $716,000 after purchasing an additional 993 shares during the period. Wedbush Securities Inc. grew its stake in shares of BARINGS BDC by 5.1% during the 4th quarter. Wedbush Securities Inc. now owns 31,471 shares of the company’s stock valued at $301,000 after purchasing an additional 1,530 shares during the period. Steward Partners Investment Advisory LLC grew its stake in shares of BARINGS BDC by 4.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 39,478 shares of the company’s stock valued at $378,000 after purchasing an additional 1,565 shares during the period. HighPoint Advisor Group LLC grew its stake in shares of BARINGS BDC by 3.1% during the 4th quarter. HighPoint Advisor Group LLC now owns 59,143 shares of the company’s stock valued at $599,000 after purchasing an additional 1,754 shares during the period. Finally, Cozad Asset Management Inc. grew its stake in shares of BARINGS BDC by 14.4% during the 4th quarter. Cozad Asset Management Inc. now owns 15,874 shares of the company’s stock valued at $152,000 after purchasing an additional 2,000 shares during the period. 44.09% of the stock is currently owned by institutional investors.

BARINGS BDC Trading Up 0.5%

Shares of NYSE:BBDC opened at $9.28 on Friday. The stock has a 50 day moving average of $8.99 and a 200 day moving average of $9.36. The company has a market cap of $978.20 million, a PE ratio of 9.87 and a beta of 0.70. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.42. 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 data on Thursday, May 8th. The company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.03). The company had revenue of $64.44 million for the quarter, compared to the consensus estimate of $67.78 million. BARINGS BDC had a net margin of 35.21% and a return on equity of 10.74%. The company’s revenue was down 7.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.28 earnings per share. As a group, equities research analysts expect that BARINGS BDC, INC. will post 1.13 EPS for the current year.

BARINGS BDC Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 11th. Investors of record on Wednesday, June 4th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 11.21%. BARINGS BDC’s dividend payout ratio is presently 110.64%.

Insiders Place Their Bets

In other BARINGS BDC news, President Matthew Freund purchased 3,522 shares of the stock in a transaction that occurred on Monday, May 19th. The shares were bought at an average cost of $9.07 per share, with a total value of $31,944.54. Following the acquisition, the president owned 20,002 shares in the company, valued at approximately $181,418.14. This trade represents a 21.37% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Stephen R. Byers purchased 8,700 shares of the stock in a transaction that occurred on Friday, June 6th. The stock was acquired at an average cost of $8.89 per share, for a total transaction of $77,343.00. Following the completion of the acquisition, the director owned 59,734 shares in the company, valued at $531,035.26. This represents a 17.05% increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 49,997 shares of company stock valued at $452,844 in the last 90 days. 0.52% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

BBDC has been the subject of a number of recent research reports. Bank of America cut their price target on BARINGS BDC from $11.00 to $10.00 and set a “buy” rating for the company in a research note on Monday, May 19th. Keefe, Bruyette & Woods cut their price objective on 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. Finally, Wells Fargo & Company upgraded BARINGS BDC from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $8.50 to $9.50 in a research note on Wednesday, May 28th.

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.