Wedbush Securities Inc. Purchases 1,530 Shares of Barings BDC, Inc. (NYSE:BBDC)

Wedbush Securities Inc. boosted its position in Barings BDC, Inc. (NYSE:BBDC) by 5.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 31,471 shares of the company’s stock after acquiring an additional 1,530 shares during the period. Wedbush Securities Inc.’s holdings in Barings BDC were worth $301,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in BBDC. Stifel Financial Corp lifted its position in Barings BDC by 1.6% during the 3rd quarter. Stifel Financial Corp now owns 64,110 shares of the company’s stock valued at $628,000 after acquiring an additional 1,017 shares during the period. Koshinski Asset Management Inc. lifted its position in Barings BDC by 2.8% during the 4th quarter. Koshinski Asset Management Inc. now owns 47,158 shares of the company’s stock valued at $451,000 after acquiring an additional 1,282 shares during the period. Steward Partners Investment Advisory LLC lifted its position in Barings BDC by 4.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 39,478 shares of the company’s stock valued at $378,000 after acquiring an additional 1,565 shares during the period. HighPoint Advisor Group LLC lifted its position in Barings BDC by 3.1% during the 4th quarter. HighPoint Advisor Group LLC now owns 59,143 shares of the company’s stock valued at $599,000 after acquiring an additional 1,754 shares during the period. Finally, Stephens Inc. AR lifted its position in Barings BDC by 11.2% during the 4th quarter. Stephens Inc. AR now owns 19,133 shares of the company’s stock valued at $183,000 after acquiring an additional 1,930 shares during the period. Institutional investors own 44.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods reduced their price objective on shares of Barings BDC from $10.50 to $9.50 and set a “market perform” rating for the company in a research note on Tuesday.

Barings BDC Stock Performance

Shares of NYSE BBDC opened at $8.47 on Thursday. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.37. Barings BDC, Inc. has a 12-month low of $7.66 and a 12-month high of $10.85. The firm has a market capitalization of $892.81 million, a price-to-earnings ratio of 8.14 and a beta of 0.56. The firm has a 50 day moving average of $9.71 and a 200 day moving average of $9.74.

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

Barings BDC Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, March 5th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 12.28%. The ex-dividend date was Wednesday, March 5th. Barings BDC’s payout ratio is presently 100.00%.

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.