Sequoia Financial Advisors LLC Cuts Holdings in BARINGS BDC, INC. $BBDC

Sequoia Financial Advisors LLC decreased its position in BARINGS BDC, INC. (NYSE:BBDC) by 5.6% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 30,826 shares of the company’s stock after selling 1,817 shares during the period. Sequoia Financial Advisors LLC’s holdings in BARINGS BDC were worth $282,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC increased its stake in shares of BARINGS BDC by 293,218.8% during the second 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. Private Management Group Inc. increased its stake in shares of BARINGS BDC by 0.4% during the first quarter. Private Management Group Inc. now owns 3,096,444 shares of the company’s stock worth $29,540,000 after purchasing an additional 12,208 shares in the last quarter. Cresset Asset Management LLC boosted its position in BARINGS BDC by 13.4% during 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. Invesco Ltd. boosted its position in BARINGS BDC by 1.3% during the first quarter. Invesco Ltd. now owns 1,105,716 shares of the company’s stock worth $10,549,000 after acquiring an additional 13,839 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC boosted its position in BARINGS BDC by 0.6% during the first quarter. Kovitz Investment Group Partners LLC now owns 1,073,140 shares of the company’s stock worth $10,238,000 after acquiring an additional 6,540 shares during the last quarter. Hedge funds and other institutional investors own 44.09% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “hold (c+)” rating on shares of BARINGS BDC in a report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $9.67.

BARINGS BDC Trading Up 0.5%

Shares of BARINGS BDC stock opened at $8.76 on Thursday. The company has a fifty day simple moving average of $9.16 and a 200-day simple moving average of $9.08. BARINGS BDC, INC. has a 12-month low of $7.66 and a 12-month high of $10.85. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.47. The stock has a market cap of $921.31 million, a price-to-earnings ratio of 9.13 and a beta of 0.72.

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

BARINGS BDC Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Wednesday, December 3rd will be given a dividend of $0.26 per share. The ex-dividend date is Wednesday, December 3rd. This represents a $1.04 dividend on an annualized basis and a yield of 11.9%. BARINGS BDC’s dividend payout ratio is presently 108.33%.

About BARINGS BDC

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.