Barings Bdc, Inc. $BBDC Shares Sold by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. reduced its position in shares of Barings Bdc, Inc. (NYSE:BBDC) by 34.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,822 shares of the company’s stock after selling 1,454 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Barings Bdc were worth $27,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of BBDC. Financial Gravity Asset Management Inc. acquired a new stake in shares of Barings Bdc during the 1st quarter worth about $2,878,000. Caliber Wealth Management LLC KS acquired a new stake in shares of Barings Bdc in the first quarter worth approximately $2,300,000. Cresset Asset Management LLC boosted its position in shares of Barings Bdc by 13.4% in the first quarter. Cresset Asset Management LLC now owns 1,959,930 shares of the company’s stock worth $18,698,000 after acquiring an additional 231,356 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of Barings Bdc by 86.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 152,340 shares of the company’s stock worth $1,453,000 after acquiring an additional 70,691 shares during the last quarter. Finally, MQS Management LLC acquired a new stake in shares of Barings Bdc in the first quarter worth approximately $617,000. 44.09% of the stock is owned by institutional investors and hedge funds.

Barings Bdc Price Performance

BBDC opened at $9.40 on Monday. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.47. Barings Bdc, Inc. has a 52-week low of $7.66 and a 52-week high of $10.85. The company has a 50 day moving average of $9.50 and a two-hundred day moving average of $9.26. The company has a market cap of $987.98 million, a P/E ratio of 9.79 and a beta of 0.73.

Barings Bdc (NYSE:BBDC) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.02. Barings Bdc had a net margin of 35.67% and a return on equity of 9.76%. The company had revenue of $74.40 million during the quarter, compared to the consensus estimate of $66.41 million. During the same period in the previous year, the firm earned $0.40 earnings per share. On average, analysts expect that Barings Bdc, Inc. will post 1.13 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on BBDC. Wells Fargo & Company raised shares of Barings Bdc from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $8.50 to $9.50 in a research report on Wednesday, May 28th. Bank of America decreased their target price on shares of Barings Bdc from $11.00 to $10.00 and set a “buy” rating on the stock in a research report on Monday, May 19th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $9.67.

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.