Sigma Planning Corp Increases Stock Position in Barings BDC, Inc. (NYSE:BBDC)

Sigma Planning Corp boosted its holdings in Barings BDC, Inc. (NYSE:BBDC) by 25.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,509 shares of the company’s stock after purchasing an additional 3,127 shares during the quarter. Sigma Planning Corp’s holdings in Barings BDC were worth $152,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. SG Americas Securities LLC purchased a new position in shares of Barings BDC in the 1st quarter valued at approximately $454,000. ProShare Advisors LLC increased its stake in Barings BDC by 15.3% in the 1st quarter. ProShare Advisors LLC now owns 13,794 shares of the company’s stock valued at $128,000 after buying an additional 1,835 shares during the period. Crewe Advisors LLC purchased a new position in Barings BDC during the 1st quarter worth $147,000. EntryPoint Capital LLC lifted its stake in shares of Barings BDC by 121.0% in the 1st quarter. EntryPoint Capital LLC now owns 9,141 shares of the company’s stock worth $85,000 after acquiring an additional 5,005 shares during the period. Finally, CreativeOne Wealth LLC acquired a new stake in shares of Barings BDC in the 1st quarter worth $329,000. Institutional investors and hedge funds own 44.09% of the company’s stock.

Analyst Ratings Changes

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 report on Friday, July 26th.

Barings BDC Trading Up 0.6 %

Shares of Barings BDC stock opened at $9.95 on Monday. The firm has a market cap of $1.05 billion, a PE ratio of 9.21 and a beta of 0.67. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.29. Barings BDC, Inc. has a fifty-two week low of $8.55 and a fifty-two week high of $10.27. The business’s fifty day moving average is $9.78 and its two-hundred day moving average is $9.83.

Barings BDC (NYSE:BBDC) last issued 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 net margin of 39.59% and a return on equity of 11.24%. The firm had revenue of $70.85 million during the quarter, compared to analyst estimates of $70.48 million. During the same quarter in the previous year, the business posted $0.31 EPS. Analysts anticipate that Barings BDC, Inc. will post 1.25 earnings per share for the current year.

Barings BDC Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Wednesday, December 4th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a $1.04 annualized dividend and a dividend yield of 10.45%. Barings BDC’s dividend 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.