PFG Advisors Purchases Shares of 12,528 Barings Bdc, Inc. $BBDC

PFG Advisors acquired a new position in Barings Bdc, Inc. (NYSE:BBDC) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 12,528 shares of the company’s stock, valued at approximately $115,000.

Other institutional investors have also recently made changes to their positions in the company. Kingstone Capital Partners Texas LLC lifted its holdings in 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. Private Management Group Inc. raised its position 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 valued at $29,540,000 after buying an additional 12,208 shares during the last quarter. Cresset Asset Management LLC lifted its holdings 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 buying an additional 231,356 shares in the last quarter. Invesco Ltd. boosted its position in shares of 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 grew its stake 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 valued at $10,238,000 after acquiring an additional 6,540 shares in the last quarter. Hedge funds and other institutional investors own 44.09% of the company’s stock.

Analyst Upgrades and Downgrades

BBDC has been the topic of several research analyst reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Barings Bdc in a research note on Wednesday, October 8th. Wells Fargo & Company reduced their target price on Barings Bdc from $10.00 to $9.50 and set an “overweight” rating on the stock in a report on Monday. Finally, Keefe, Bruyette & Woods dropped their price target on Barings Bdc from $10.00 to $9.50 and set a “market perform” rating for the company in a research note on Monday. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $9.67.

Barings Bdc Stock Performance

Shares of NYSE:BBDC opened at $8.95 on Thursday. The firm has a fifty day simple moving average of $8.94 and a two-hundred day simple moving average of $9.14. 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 capitalization of $940.65 million, a P/E ratio of 9.32 and a beta of 0.70.

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, beating the consensus estimate of $0.27 by $0.05. The firm had revenue of $72.40 million for the quarter, compared to analysts’ expectations of $69.71 million. Barings Bdc had a net margin of 35.67% and a return on equity of 9.76%. During the same period in the prior year, the company earned $0.29 EPS. On average, analysts expect that Barings Bdc, Inc. will post 1.13 earnings per share for the current fiscal year.

Barings Bdc Dividend Announcement

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

Barings Bdc Company 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.