Confluence Investment Management LLC Sells 58,272 Shares of Barings Bdc, Inc. $BBDC

Confluence Investment Management LLC lowered its holdings in Barings Bdc, Inc. (NYSE:BBDC) by 13.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 364,620 shares of the company’s stock after selling 58,272 shares during the period. Confluence Investment Management LLC owned approximately 0.35% of Barings Bdc worth $3,194,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Wealth Preservation Advisors LLC purchased a new position in Barings Bdc in the 1st quarter valued at approximately $29,000. Golden State Wealth Management LLC grew its position in shares of Barings Bdc by 269.6% in the second quarter. Golden State Wealth Management LLC now owns 7,077 shares of the company’s stock valued at $65,000 after purchasing an additional 5,162 shares in the last quarter. BOS Asset Management LLC purchased a new position in shares of Barings Bdc in the first quarter valued at $96,000. Entropy Technologies LP bought a new stake in shares of Barings Bdc during the 2nd quarter valued at $97,000. Finally, Goldman Sachs Group Inc. purchased a new stake in Barings Bdc during the 1st quarter worth about $106,000. 44.09% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on BBDC. Keefe, Bruyette & Woods reduced their target price on Barings Bdc from $10.00 to $9.50 and set a “market perform” rating for the company in a report on Monday, November 10th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Barings Bdc in a research report on Monday. Finally, Wells Fargo & Company reduced their target price on Barings Bdc from $10.00 to $9.50 and set an “overweight” rating for the company in a research report on Monday, November 10th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $9.67.

Barings Bdc Price Performance

Shares of NYSE:BBDC opened at $8.82 on Wednesday. The company’s fifty day moving average price is $8.91 and its 200-day moving average price is $9.14. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.10 and a quick ratio of 0.10. The firm has a market capitalization of $926.99 million, a price-to-earnings ratio of 9.09 and a beta of 0.62. Barings Bdc, Inc. has a one year low of $7.66 and a one year high of $10.85.

Barings Bdc (NYSE:BBDC) last announced its earnings results on Thursday, November 6th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.05. The company had revenue of $72.40 million during the quarter, compared to analyst estimates of $69.71 million. Barings Bdc had a net margin of 36.01% and a return on equity of 10.11%. During the same period in the previous year, the business earned $0.29 earnings per share. On average, equities research analysts anticipate that Barings Bdc, Inc. will post 1.13 earnings per share for the current fiscal year.

Barings Bdc Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Wednesday, December 3rd were given a dividend of $0.26 per share. The ex-dividend date was Wednesday, December 3rd. This represents a $1.04 annualized dividend and a dividend yield of 11.8%. Barings Bdc’s dividend payout ratio is 107.22%.

About Barings Bdc

Barings BDC Inc (NYSE: BBDC) is a closed-end, externally managed business development company that provides flexible financing solutions to middle-market companies. As an investment vehicle organized under the Investment Company Act of 1940, BBDC seeks to generate both current income and capital appreciation by investing primarily in senior secured loans, second lien loans, mezzanine debt and equity co-investments. The company targets established businesses across a diverse range of industries, including healthcare, industrials, consumer products and business services.

The company is sponsored and managed by Barings LLC, a global investment manager and subsidiary of Massachusetts Mutual Life Insurance Company (MassMutual).