Advyzon Investment Management LLC Purchases New Shares in Barings Bdc, Inc. $BBDC

Advyzon Investment Management LLC purchased a new position in shares of Barings Bdc, Inc. (NYSE:BBDC) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 13,759 shares of the company’s stock, valued at approximately $126,000.

A number of other institutional investors also recently bought and sold shares of BBDC. Stephens Inc. AR boosted its stake in shares of Barings Bdc by 19.5% during the first quarter. Stephens Inc. AR now owns 22,857 shares of the company’s stock worth $218,000 after buying an additional 3,724 shares during the period. Sigma Planning Corp raised its stake in Barings Bdc by 54.3% during the 1st quarter. Sigma Planning Corp now owns 27,558 shares of the company’s stock valued at $263,000 after acquiring an additional 9,697 shares during the last quarter. Armor Investment Advisors LLC lifted its position in Barings Bdc by 11.6% during the 1st quarter. Armor Investment Advisors LLC now owns 16,300 shares of the company’s stock worth $156,000 after acquiring an additional 1,700 shares during the period. Muzinich & Co. Inc. grew its stake in shares of Barings Bdc by 8.5% in the 1st quarter. Muzinich & Co. Inc. now owns 262,910 shares of the company’s stock valued at $2,508,000 after purchasing an additional 20,680 shares during the last quarter. Finally, Denali Advisors LLC increased its holdings in shares of Barings Bdc by 9.1% in the first quarter. Denali Advisors LLC now owns 138,153 shares of the company’s stock valued at $1,318,000 after purchasing an additional 11,546 shares during the period. 44.09% of the stock is currently owned by institutional investors and hedge funds.

Barings Bdc Price Performance

BBDC stock opened at $8.95 on Thursday. The firm has a 50 day moving average of $8.94 and a 200-day moving average of $9.14. The company has a market cap of $940.65 million, a price-to-earnings ratio of 9.32 and a beta of 0.70. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.47. Barings Bdc, Inc. has a 12-month low of $7.66 and a 12-month high of $10.85.

Barings Bdc (NYSE:BBDC) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.05. The business had revenue of $72.40 million for the quarter, compared to analysts’ expectations of $69.71 million. Barings Bdc had a return on equity of 9.76% and a net margin of 35.67%.During the same quarter in the prior year, the firm posted $0.29 EPS. As a group, equities analysts expect that Barings Bdc, Inc. will post 1.13 EPS for the current fiscal year.

Barings Bdc Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Wednesday, December 3rd will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 11.6%. The ex-dividend date of this dividend is Wednesday, December 3rd. Barings Bdc’s payout ratio is 107.22%.

Analysts Set New Price Targets

Several brokerages recently weighed in on BBDC. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Barings Bdc in a report on Wednesday, October 8th. Wells Fargo & Company reduced their target price on shares of Barings Bdc from $10.00 to $9.50 and set an “overweight” rating for the company in a research note on Monday. Finally, Keefe, Bruyette & Woods lowered their target price on shares of Barings Bdc from $10.00 to $9.50 and set a “market perform” rating on the stock in a report on Monday. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Barings Bdc has a consensus rating of “Moderate Buy” and an average 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.