Apollon Wealth Management LLC Buys 23,855 Shares of Barings BDC, Inc. (NYSE:BBDC)

Apollon Wealth Management LLC increased its position in shares of Barings BDC, Inc. (NYSE:BBDC) by 42.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 79,818 shares of the company’s stock after purchasing an additional 23,855 shares during the quarter. Apollon Wealth Management LLC owned 0.08% of Barings BDC worth $782,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of BBDC. Harbor Capital Advisors Inc. raised its position in shares of Barings BDC by 148.6% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 740,559 shares of the company’s stock valued at $7,257,000 after buying an additional 442,621 shares in the last quarter. Van ECK Associates Corp lifted its stake in Barings BDC by 17.7% during the second quarter. Van ECK Associates Corp now owns 2,138,487 shares of the company’s stock worth $20,808,000 after purchasing an additional 321,638 shares during the last quarter. Steel Grove Capital Advisors LLC bought a new stake in Barings BDC during the first quarter worth $1,080,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Barings BDC in the 2nd quarter valued at $731,000. Finally, SG Americas Securities LLC bought a new position in shares of Barings BDC in the 1st quarter valued at $454,000. 44.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company upped their price objective on Barings BDC from $9.00 to $9.50 and gave the stock an “equal weight” rating in a research report on Friday, July 26th.

Barings BDC Trading Up 0.6 %

Shares of Barings BDC stock opened at $9.95 on Friday. The firm’s 50 day moving average is $9.78 and its 200 day moving average is $9.83. The firm has a market capitalization of $1.05 billion, a PE ratio of 9.21 and a beta of 0.67. Barings BDC, Inc. has a 1 year low of $8.55 and a 1 year high of $10.27. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.29.

Barings BDC (NYSE:BBDC) last posted its earnings results on Wednesday, November 6th. The company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). Barings BDC had a return on equity of 11.24% and a net margin of 39.59%. The company had revenue of $70.85 million for the quarter, compared to the consensus estimate of $70.48 million. During the same period in the previous year, the firm posted $0.31 EPS. Equities research analysts forecast that Barings BDC, Inc. will post 1.25 earnings per share for the current fiscal year.

Barings BDC Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Wednesday, December 4th will be issued a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a $1.04 dividend on an annualized basis and a yield of 10.45%. Barings BDC’s payout ratio is presently 96.30%.

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.