Coppell Advisory Solutions LLC Sells 1,468 Shares of Barings BDC, Inc. (NYSE:BBDC)

Coppell Advisory Solutions LLC reduced its position in shares of Barings BDC, Inc. (NYSE:BBDC) by 28.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 3,668 shares of the company’s stock after selling 1,468 shares during the quarter. Coppell Advisory Solutions LLC’s holdings in Barings BDC were worth $35,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Jane Street Group LLC purchased a new stake in Barings BDC during the third quarter valued at $307,000. MML Investors Services LLC bought a new position in shares of Barings BDC in the 3rd quarter valued at about $99,000. Franklin Resources Inc. grew its position in Barings BDC by 38.9% in the third quarter. Franklin Resources Inc. now owns 322,954 shares of the company’s stock worth $3,136,000 after acquiring an additional 90,390 shares in the last quarter. JPMorgan Chase & Co. raised its position in Barings BDC by 393.7% during the third quarter. JPMorgan Chase & Co. now owns 2,582 shares of the company’s stock valued at $25,000 after purchasing an additional 2,059 shares during the period. Finally, Confluence Investment Management LLC lifted its stake in shares of Barings BDC by 0.5% in the 4th quarter. Confluence Investment Management LLC now owns 517,753 shares of the company’s stock valued at $4,955,000 after purchasing an additional 2,399 shares during the last quarter. 44.09% of the stock is owned by hedge funds and other institutional investors.

Barings BDC Stock Performance

Shares of NYSE:BBDC opened at $8.86 on Friday. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $933.50 million, a price-to-earnings ratio of 8.52 and a beta of 0.56. Barings BDC, Inc. has a 12 month low of $7.66 and a 12 month high of $10.85. The firm’s 50-day moving average is $9.33 and its 200 day moving average is $9.65.

Barings BDC (NYSE:BBDC) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.01). Barings BDC had a return on equity of 10.94% and a net margin of 38.54%. The business had revenue of $70.63 million for the quarter, compared to the consensus estimate of $69.35 million. Research analysts predict that Barings BDC, Inc. will post 1.13 EPS for the current year.

Barings BDC Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, March 5th were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 11.74%. The ex-dividend date of this dividend was Wednesday, March 5th. Barings BDC’s dividend payout ratio is presently 100.00%.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods decreased their price target on Barings BDC from $10.50 to $9.50 and set a “market perform” rating on the stock in a report on Tuesday, April 8th.

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.