Signaturefd LLC Sells 2,858 Shares of BARINGS BDC, INC. $BBDC

Signaturefd LLC lowered its position in BARINGS BDC, INC. (NYSE:BBDC) by 28.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,122 shares of the company’s stock after selling 2,858 shares during the period. Signaturefd LLC’s holdings in BARINGS BDC were worth $65,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Eagle Global Advisors LLC grew its holdings in BARINGS BDC by 22.6% in the second quarter. Eagle Global Advisors LLC now owns 34,295 shares of the company’s stock worth $313,000 after purchasing an additional 6,325 shares during the last quarter. Kingstone Capital Partners Texas LLC boosted its position in shares of BARINGS BDC by 293,218.8% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 43,616,506 shares of the company’s stock worth $413,770,000 after purchasing an additional 43,601,636 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in BARINGS BDC by 2.6% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 156,268 shares of the company’s stock worth $1,450,000 after buying an additional 3,928 shares during the last quarter. Goldman Sachs Group Inc. acquired a new position in BARINGS BDC during the 1st quarter valued at about $106,000. Finally, BOS Asset Management LLC purchased a new stake in BARINGS BDC in the first quarter valued at about $96,000. Hedge funds and other institutional investors own 44.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “hold (c+)” rating on shares of BARINGS BDC in a report on Saturday, September 27th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $9.67.

BARINGS BDC Stock Performance

Shares of BBDC stock opened at $8.62 on Monday. BARINGS BDC, INC. has a 52-week low of $7.66 and a 52-week high of $10.85. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.47. The stock has a market cap of $906.48 million, a PE ratio of 8.98 and a beta of 0.72. The business has a 50-day simple moving average of $9.36 and a 200-day simple moving average of $9.15.

BARINGS BDC (NYSE:BBDC) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.26 by $0.02. BARINGS BDC had a return on equity of 9.76% and a net margin of 35.67%.The business had revenue of $74.40 million for the quarter, compared to analyst estimates of $66.41 million. During the same quarter in the prior year, the firm posted $0.40 EPS. On average, equities analysts expect that BARINGS BDC, INC. will post 1.13 EPS for the current year.

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.