Global Assets Advisory LLC Buys Shares of 55,777 Barings BDC, Inc. (NYSE:BBDC)

Global Assets Advisory LLC acquired a new position in shares of Barings BDC, Inc. (NYSE:BBDC) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 55,777 shares of the company’s stock, valued at approximately $519,000. Global Assets Advisory LLC owned 0.05% of Barings BDC as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Mather Group LLC. acquired a new stake in Barings BDC in the first quarter worth $43,000. Pineridge Advisors LLC acquired a new position in Barings BDC in the fourth quarter valued at about $53,000. Tucker Asset Management LLC bought a new stake in shares of Barings BDC in the fourth quarter worth about $80,000. Bouchey Financial Group Ltd acquired a new stake in shares of Barings BDC during the fourth quarter worth about $88,000. Finally, JT Stratford LLC bought a new position in shares of Barings BDC during the 3rd quarter valued at about $107,000. Institutional investors own 44.09% of the company’s stock.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods raised their target price on shares of Barings BDC from $10.00 to $10.50 and gave the stock a “market perform” rating in a report on Thursday, May 23rd.

Barings BDC Trading Down 0.3 %

BBDC stock opened at $9.68 on Friday. Barings BDC, Inc. has a one year low of $7.60 and a one year high of $10.27. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of 7.87 and a beta of 0.66. The company has a fifty day moving average price of $9.67 and a two-hundred day moving average price of $9.28. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.11 and a quick ratio of 0.11.

Barings BDC (NYSE:BBDC) last released its quarterly earnings results on Saturday, May 4th. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.02). Barings BDC had a return on equity of 10.77% and a net margin of 45.35%. The firm had revenue of $69.81 million for the quarter, compared to analyst estimates of $72.38 million. During the same period in the previous year, the business posted $0.25 earnings per share. Equities analysts anticipate that Barings BDC, Inc. will post 1.17 EPS for the current year.

Barings BDC Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 12th. Shareholders of record on Wednesday, June 5th were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 10.75%. The ex-dividend date was Wednesday, June 5th. Barings BDC’s payout ratio is presently 84.55%.

Insider Buying and Selling at Barings BDC

In other Barings BDC news, insider Michael Freno purchased 27,500 shares of the stock in a transaction dated Thursday, May 9th. The stock was bought at an average price of $9.73 per share, with a total value of $267,575.00. Following the acquisition, the insider now owns 71,145 shares of the company’s stock, valued at $692,240.85. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.45% of the company’s stock.

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.